Flybe’s owners are trying to borrow £100m as a short-term loan from the government. Connect Airways has also agreed to put £20m extra cash into its troubled regional airline, according to sources. The company confirmed last week it was seeking a loan on “commercial” terms but not how much itRead More →

The Enforcement Directorate on Friday filed a charge sheet against former Bhushan Power and Steel Ltd CMD Sanjay Singal and others in a multi-crore money laundering case linked to an alleged bank fraud, saying he was the “mastermind” behind diversion of loan funds. Special Judge Arun Bhardwaj took cognisance of the chargeRead More →

The Committee on Foreign Investment in the United States (CFIUS) is authorized to review certain transactions involving foreign investment in the United States to determine the effect of such transactions on national security. The Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) expanded the jurisdiction of CFIUS to include, generally, realRead More →

Ashwin is a 30-year-old tech professional, working for the past five years. He earns well and spends much on luxuries. His lifestyle does not allow him to save much . Recently, he decided to buy his first car and shortlisted a model. However, lured by the easy EMI repayment options, he is tempted to buy aRead More →

India’s largest public lender State Bank of India (SBI) has come out with a home buyer finance guarantee scheme under which lenders will get a full principal amount refund if the builder fails to deliver a project within the stipulated deadline. SBI’s ‘Residential Builder Finance with Buyer Guarantee scheme’ canRead More →