India Inc's overseas borrowing up 6.5% to USD 2.12 bn in Nov 2019
Sunday, January 5, 2020, 7:39 PM
Overall borrowings by India Inc from overseas markets grew 6.5 per cent to USD 2.12 billion in November 2019, the Reserve Bank data showed. Domestic companies had borrowed over USD 1.99 billion in November 2018 from foreign sources. Of the total foreign borrowing during the month, USD 2,11,53,22,022 was raised through the automatic route under the external commercial borrowing (ECB).
Ratan Tata's Action Against Cyrus Mistry "Oppressive", Says Company Court
Thursday, December 19, 2019, 8:28 AM
An appeals court upheld charges by Cyrus-Mistry that he was improperly ousted as chairman of the $110-billion Tata-Group, paving the way for his reinstatement and marking a loss for the conglomerate's chairman emeritus Ratan Tata. A two-judge panel of India's National Company Law Appellate Tribunal said Ratan Tata's actions against Mr Mistry were oppressive and the appointment of a new chairman was illegal.
TCS launches SaaS platform for FIs to automate asset servicing
Tuesday, September 24, 2019, 8:31 PM
Tata Consultancy Services announced on Tuesday the launch of the TCS BaNCS Cloud for asset servicing, which it said automates the servicing of all classes of assets across all markets. It is targeted at custodians, broker dealers, asset managers and investment and private banks, TCS said in a statement. The platform provides end-to-end business operations management capability.