NuPower will return loan with interest to consumer durables major by 2021
Modi spent 32 days out of the country in 2017.
'We are making a transition from governance to campaign mode.' 'The speed of execution is picking up,' says Union Minister Jayant Sinha.
Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.
Decades apart, but the drama linked to the two appears similar, says Nivedita Mookerji.
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe
The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
It's seen as a signal that he wants to engage with India Inc at a time when the economy has started looking up.
Whether it's about colonising Mars or donning Net-connected apparel, 2022 is a year everyone seems to be planning for, says Nivedita Mookerji.
China Development Bank takes Reliance Communications to NCLT over loan default
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
Prime Minister Narendra Modi will inaugurate the Global Entrepreneurship Summit and launch Hyderabad Metro Rail next week.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
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