News digest: India Inc's Q1 funding needs, Wipro wins contract, and more

India Inc raised nearly 27 times more capital from non-bank sources than banks in the first quarter of FY19.

Wipro wins biggest contract of over $1.5 bn from Alight 

Information technology (IT) services company Wipro has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC. Read More

Independent directors of pvt banks face RBI heat

The regulatory noose for private banks will be tightened, with the Reserve Bank of India (RBI) setting in motion an exercise to “sensitise” their boards on the liability of independent directors under the Prevention of Corruption Act (PCA), Companies Act, and the Criminal Procedure Code (CrPC) if they are found wanting in the discharge of their duties. The