Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
Over the past several months, the airline has struggled to pay vendors and staff salaries on time.
All the countries in the top 10 have seen a decline in market value.
'The first half of 2019 could be volatile.' 'In the second half, volatility inducing events should be largely behind us.'
2018 has been a disappointing and highly volatile year for equity investors.
India imports 1.2 billion barrels of oil, and oil prices are falling, falling...
'Extensive thought has been put in, and we have pondered over each and every suggestions and demands received from our members.'
The HR challenge seems to be one of the most important issues that RBI Governor Shaktikanta Das will have to tackle.
French investment bank BNP Paribas said India's earnings growth potential is around 14-15 per cent
Not only were Urjit and Rajan outsiders, they also hired laterally, bypassing the existing talent, especially in the field of economics
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
For willful defaulters, change in ownership accompanied by punitive action against the defaulting management is the way to go.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
Tension between the government, specially the finance ministry, and RBI is as old as the central bank itself.
More than 90 per cent of India's population belongs to the base tier (less than $10,000, or about Rs 730,000) when it comes to the distribution of wealth.
Slide in the rupee, surging oil prices, and rising bond yields have triggered the latest fall in the market.
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