Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
This amendment is proposed to be made retrospectively effective from FY16 onwards.
The change in the latest Budget will impact the sale and rent of SEZ units of companies like Adani Port, which has large SEZs in Mundra.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books
Percy Mistry says things at market regulator Sebi are also in bad shape.
Congestion on Mumbai roads has become chronic.
However, the IT firms will get some benefits, as software exports from their Chinese campuses will yield more in local currency
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Indian CEOs might like to make some serious course correction.
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
'Investors are now getting clarity on policies.'
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
Ajay Piramal bets highly on infrastructure, realty
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
Companies with more than Rs 10,000 crore of debt would seek refinancing.
It was difficult to set up a unified zone on the SEZ land.
Piramals are the largest investors in the Indian real estate sector after HDFC, with investments worth $3 billion already.
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