Why Chinese banks are wary about lending to Pakistan

Why Chinese banks are wary about lending to Pakistan

HONG KONG: Chinese banks are increasingly wary about lending to Pakistan as emerging markets currency volatility threatens the incoming coalition government’s efforts to close an external financing gap, amid mounting US opposition to a possible IMF bailout. China’s banks have already extended tens of billions of dollars in infrastructure loans...Read more
US tech giants plan to fight India’s data localisation plans: Report

US tech giants plan to fight India’s data localisation plans: Report

NEW DELHI: US technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters. US trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India’s push to store data locally. That...Read more
Infosys CFO MD Ranganath resigns | business news

Infosys CFO MD Ranganath resigns | business news

IT major Infosys today said its Chief Financial Officer M D Ranganath has resigned from the company. Ranganath, who has worked with Infosys for about 18 years, is leaving the company to “pursue professional opportunities in new areas”, it said in a statement. Ranganath will continue in his current position...Read more
Bankruptcy: Government hints at new law for registered valuers

Bankruptcy: Government hints at new law for registered valuers

MUMBAI: The government is planning a separate legislation for registered valuers who can help arrive at better valuation of bankrupt companies under the insolvency process, a senior government official said on Saturday. Of the 40 largest NPA accounts sent to various NCLTs since last July, which together constitute around 40...Read more