India Inc needs robust ESG competencies

The niche wave of environmental, social and corporate governance (ESG) investing seen in the past few years is morphing into something way bigger. Covid-19 disruption is hastening its mainstreaming, with investors and issuers realising that the much-bandied terms, ‘socially responsible’ and ‘profitable’, are not mutually exclusive. India Inc would do well to heed the seismic shift.Globally, ESG investments are expected to triple, and cross $100 trillion in the coming decade. That’s a huge commitment from investors.

Vedanta's tussle with Kyma Capital puts spotlight on Cairn India Holdings' misdoings

By Bijou George and Luca CasiraghiA recent tussle between a hedge fund and Indian mining giant Vedanta Ltd. is spotlighting growing scrutiny of a unit based in the British crown dependency of Jersey.That entity is Cairn India Holdings Ltd. (CIHL). Vedanta’s shareholder, hedge fund Kyma Capital, said earlier this month that a $956 million loan from Vedanta Ltd. to its holding company Vedanta Resources Ltd. -- channeled through CIHL -- represented an “improper transfer of value.”Since then, Vedanta Resources’s dollar bonds have declined.

Why small banks may struggle to raise money via bonds post LVB debacle

KOLKATA/MUMBAI: Most small banks could find it challenging to raise funds through bond sales after the Reserve Bank of India wrote off tier-2 bonds of Lakshmi Vilas Bank in its rescue plan. People tracking the bond market said these banks could face heat as investors are likely to demand a higher premium with the regulator setting a precedent of wiping out bond holdings.

November auto wholesale volumes to be driven by demand sustenance, inventory refilling: Report

MUMBAI: Sustaining demand, refilling inventory and normalising supply-chain bottlenecks at the manufacturer level are expected to drive automobile wholesale volumes for all segments except M&HCV in November with the tractor segment estimated to grow at a whopping 86.5 per cent, a report said on Friday. The report by brokerage Motilal Oswal Financial Services also said the festive season was reasonable with no major negative surprises.

PLI schemes for bulk drugs, medical devices get encouraging response: Govt

New Delhi: Production Linked Incentive (PLI) schemes for Bulk Drugs and Medical Devices have received a very encouraging response from the industry, Ministry of Chemicals and Fertilizers said on Friday. The PLI scheme for Bulk Drugs has received 247 registrations across all four categories of products out of which a maximum of 136 applicants will be selected under the scheme, it added. The PLI scheme for Medical Devices has received 28 registrations across all four target segments out of which a maximum of 28 applicants will be selected under the scheme, the ministry said.