The company had received a loan restructuring package from banks under the 5/25 scheme last year.
Tamil Nadu's finances most stressed, with gross fiscal deficit estimated at Rs 31,830 crore.
Firms to find alternative export routes or face increased trade barriers
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
JLR, Tata Steel Europe CEOs caution staff on high risks of leaving the EU
India's captains of industry said they were disappointed at the exit of Reserve Bank of India Governor Raghuram Rajan.
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
Never one to mince words, Rajan will walk away with a mixed legacy
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
New SDR norms allow promoters to manage debt-laden firms.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
A number of industrial countries are now resorting to populism and this has its own set of political implications.
The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
The withdrawal of offer letters is an indication that the company might have overestimated its future business after giving offer letters.
Raghuram Rajan's 'surgery' uncovers more bad loans
Rajan has a great track record abroad.
The good news for the group has come from the port business.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
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