top economy news of the day
The 12 states that have signed up for Ujwal Discom Assurance Yojana (UDAY)
have issued bonds totalling Rs1.83trn. The bonds issued have helped
service 83% of the cumulative debt of the state-owned discoms. (BS)
Indian
companies garnered close to Rs 6 trillion through private placement of
corporate bonds in 2016, a surge of 25%, to fund business expansion
plans. (BS)
Cracking
down on secret profit sharing agreements between private equity funds
and promoters of listed firms, Sebi has barred them from entering into
any such pact without prior approval of the board and public
shareholders. (BS)
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