NBFCs paying more to take the longer route
Saturday, August 10, 2019, 8:31 PM
Cost of funds for non-banking finance-companies is swelling since many of them are shifting towards issuing long-term bonds to diversify their borrowing portfolios and lessen immediate repayment obligations. The NBFC industry is gripped by credit-crisis after IL&FS Group-companies started defaulting on payments in August last-year. Credit from non-bank lenders, which contribute 20% to overall loans in economy, dropped 69% at the end of March.
Zara's Indian Partner Building Its Own Cheaper "Fast Fashion" Chain
Monday, June 24, 2019, 8:40 PM
For nearly a decade, Tata-Group has been Inditex SA's partner running Zara stores in India. Now, country's largest-conglomerate is building its own apparel empire as trend-focused as Zara but at half the price. Trent, part of the $111-billion salt-to-software Tata conglomerate, is hoping its quick and responsive supply chain will help it become as ubiquitous in Asia's third-largest economy as Zara is in West.