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Indian missions in Afghanistan on high alert

Amid intelligence inputs that its interests in Afghanistan may be targetted by Taliban and other terror groups in the wake of the killing of Al-Qaeda chief Osama bin Laden, India has tightened......

President's address to the Parliament

Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

Finmin to form company to take over bad loans

The Finance Ministry is considering a proposal to set up a National Asset Management Company that may act as a nodal agency for taking over bad loans of banks and help revive sick units. There......

Foreign investment ceiling in ARCs raised to 74%

Foreign investment ceiling in Asset Reconstruction Companies (ARCs) has been increased to 74 per cent from 49 per cent, a move aimed at bringing more foreign expertise in the segment. "The ceiling......

Bengal wants to sell bad assets to Arcil

In what will be the first deal of its kind, West Bengal Industrial Development Corporation is in talks with asset reconstruction company Arcil to sell a part of its distressed assets.So far, Arcil......

Ambit plans stressed assets biz, NBFC

The Ashok Wadhwa-promoted Ambit Holdings is planning to start a stressed asset business and a non-banking finance company by the end of this financial year. The stressed asset business would be a......

Arcil to acquire bad loans from two PSBs

Asset Reconstruction Company has acquired bad debts totalling Rs 805 crore (Rs 8.05 billion) from ICICI Bank and National Housing Bank (NHB) and is close to finalising 2-3 more deals including......
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ITC, SBI, Hero, Ipca, Natco Pharma, CEAT

Electrosteel Castings ED takes action against co in coal block allocation case Action initiated for alleged criminal conspiracy and cheating: ET... ...

http://www.moneycontrol.com/news/stocksnews/stocksnews-itc-sbi-hero-ipca-natco-pharma-ceat_1391004.html
Bharati Shipyard may sail through sea of debt on strong order book, HNI backing

Earlier this year, a clutch of creditors including Life Insurance Corporation (LIC), Shipping Corporation of India and IDBI Capital Market filed... ...

http://www.dnaindia.com/money/report-bharati-shipyard-may-sail-through-sea-of-debt-on-strong-order-book-hni-backing-2088801
No HC relief for Kingfisher Villa owner

PANAJI: The high court of Bombay at Goa has declined to stay the proceedings initiated by SBICAP Trustee Company Ltd (STCL) seeking assistance of... ...

http://timesofindia.indiatimes.com/city/goa/No-HC-relief-for-Kingfisher-Villa-owner/articleshow/47409175.cms
Fund for core projects on course

New Delhi, May 24 : The government has finalised plans to soon launch the National Investment & Infrastructure Fund (NIIF) with a corpus of Rs... ...

http://www.telegraphindia.com/1150525/jsp/business/story_21917.jsp
Before a firm gets into ICU, you need to address the situation

India currently features among the top two investment destinations globally, and the momentum needs to be maintained, Naina Lal Kidwai, former... ...

http://m.hindustantimes.com/business-news/before-a-firm-gets-into-icu-you-need-to-address-the-situation/article1-1350823.aspx

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