Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
The company had received a loan restructuring package from banks under the 5/25 scheme last year.
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.
Employee integration and branch rationalisation are major challenges.
New SDR norms allow promoters to manage debt-laden firms.
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.
The withdrawal of offer letters is an indication that the company might have overestimated its future business after giving offer letters.
Rajan has a great track record abroad.
The good news for the group has come from the port business.
Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
The study claims that from its peak of 18 per cent of gross domestic product in 2008, the crony capitalists' wealth is now down to three per cent
Two members recommended bringing down the rate by 50 bps in the April policy.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
'Confidentiality needs to be maintained.'
Former head of McKinsey & Co,c, is not alone in writing a book on his life after serving a prison term.
Tata Steel, others sell assets abroad after taking massive impairments.
Benchmark rate for new loans to be lower by 80-90 bps from Friday; move could increase competition but hit commercial papers.
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