Finance

First things first, what is a loan restructuring scheme? It is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower and renegotiate their debts and restore liquidity so that companies can continue their business, while individuals get on with their lives. Basically, loans are restrutured to avoid the risk of default on existing debt. The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both. These steps improve a company’s chances of paying back the dues.…

Soybean at the benchmark Indore market is trading at Rs 3,969 per quintal; Wheat is trading at Rs 1,800 per quintal in Delhi…

September 19, 2020 8 min readOpinions expressed by Entrepreneur contributors are their own. As a company leader, I try to positively impact my community whenever possible. Whether its youth programs, gender equity, career coaching, or anti-violence, we (Complete SET agency) create educational themed events as well as donate portions of revenue to social change. Cause models like this, whether grassroots or multinational, are increasingly important for businesses, large and small, to have at their operational core. Ensuring that your business is creating a positive impact is a necessary competitive advantage. In fact, a 2018 Conecomm survey found that 78…

The disruption caused by the coronavirus’ spread and the pandemic-induced lockdown resulted in the life insurance industry losing around four million policies and premiums of around Rs 45,000 crore, said Raj Kumar, managing director of Life Insurance Corporation (LIC). Speaking at an event organised by the Merchants’ Chamber of Commerce and Industry on post-Covid challenges and opportunities for the industry, Kumar said: “The industry as a whole lost four million policies and around Rs 15,000 crore of new business premium. Since the lockdown happened, people were saving money for necessities. So, around Rs 30,000 crore of…

Fitch Solutions has revised downward its forecast for fuel demand contraction in India to 11.5 per cent in 2020 in line with further deterioration in the country’s economic outlook. Its economists forecast India’s real GDP to contract by 8.6 per cent in the fiscal year 2020-21 (April 2020 to March 2021), down from -4.5 per cent previously. “Demand weakness is spread across the board, with both consumer and industrial fuels set for the steep decline,” Fitch Solutions said in a note. “We have made a further downward revision to our India refined fuels demand…

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It’s now been several months since companies first implemented their COVID-19 crisis response initiatives. Although in many parts of the world the virus continues to present serious health and economic challenges, company leaders must balance such urgencies with the need to take a longer-term view of their company’s prospects. To better understand this dynamic, PwC recently conducted a CEO Panel SurveyPDF, asking nearly 700 CEOs how their company’s business model will change after the pandemic. Their responses spoke volumes about how the future of work is likely to evolve. As the leaders of small private firms and US$1 billion-plus public…

Shares of pharmaceutical companies were on a roll on Friday, with the S&P BSE Healthcare index surging over 3 per cent to hit a record on the back of positive news flow. Twelve stocks, including Dr Reddy’s Laboratories, Laurus Labs, Cipla, Biocon, Divi’s Laboratories, FDC, Granules India and Apollo Hospitals scaled their respective records, while eight other stocks — Lupin, Cadila Healthcare, Natco Pharma, Stride Pharma, Neuland Labs, Lincoln Pharma and Hikal — hit their respective 52-week highs on the BSE. The S&P BSE Healthcare index, the top gainer among sectoral…