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.
Additional levy to eat into Rs 6,000-crore income of top promoters
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.
Experts expect the trend to continue in the near term.
Congestion on Mumbai roads has become chronic.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
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.
For the first time in a decade, the BSE Midcap and Smallcap indices outperformed the benchmark index for a consecutive year
Longest period of price-earnings expansion in the index since 1996
67 companies with total debt of Rs 5.65 lakh cr were either loss-making or didn't generate enough profit to cover interest cost in FY15
Indian CEOs might like to make some serious course correction.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
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.
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