Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
Sunrisers Hyderabad assistant coach James Franklin praised Ishan Kishan's match-winning innings against Chennai Super Kings, which secured their team a place in the IPL playoffs. Kishan's 70 off 47 balls on a difficult pitch was pivotal in the victory.
Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.
'I suspect that Bangladesh being given permission stuck in India's official craw, and this story was an attempt to balance the scales by giving the impression that a similar waiver had been given to India as well.'
'Investing in these funds makes sense if their net yield over better-quality funds -- corporate bond funds or banking and PSU funds -- is meaningful.'
Karun Nair created a new world record for the most runs in List A cricket without being dismissed while guiding Vidarbha to an eight-wicket victory over Uttar Pradesh.
According to officials, Aman Preet Singh is among five people arrested as customers.
When evaluating bonds, returns shouldn't be the sole factor. Pay close attention to the bond's credit rating. It should ideally be AA or higher.
'Those satisfied with returns and not expecting further rally could be booking profits and also stopping SIPs.'
The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
In cricket, we have something that we can share with our families, neighbours and indeed, the whole country. It is colour-blind, language-neutral, truly secular and transcends all regions, from Kashmir to Kerala and Mizoram to Maharashtra, explains Shreekant Sambrani.
The stadium erupted in cheers once more with Fernandez's late strike which sealed Argentina's first win in the tournament and rekindled Messi's hopes of a first-ever World Cup title.
Scotland's Scott McTominay grabbed another brace of goals as they stunned a much-changed Spain side to earn a deserved 2-0 victory in their Euro 2024 qualifier.
After the Franklin Templeton episode, investor confidence has been shaken. Known brands have become more relevant to investors, as long as this psychological impact lasts.
Bayer Leverkusen stayed in the hunt for a top-four finish in the Budesliga after two goals by striker Kai Havertz as well as one each by Mitchell Weiser and Kerem Demirbay helped them to a 4-1 win at struggling Werder Bremen on Monday. The result left Bayer fifth on 50 points from 26 games, one behind fourth-placed Leipzig and eight adrift of leaders Bayern Munich. Werder, who suffered a record-extending seventh straight home defeat, stayed 17th on 18 points from 25 matches.
The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. One of the reasons for the proposed changes is that there are two conflicting regulations that need to be clarified. The other reason is that the sponsor system may itself be outdated as it stands, and the proposed changes would allow new entities such as private equity funds and portfolio management services to enter this space.
City did not replace Argentine striker Sergio Aguero last year when the club's all-time top scorer moved to Barcelona on a free transfer.
Policies to break down the business group format are far more likely to be effective, argues Simon Commander.
Vice President Dhankar's and Law Minister Rijuju's recent interventions have the danger of destabilising the Constitutional equilibrium, cautions N Sathiya Moorthy.
That a golfer could be under pressure to win a major at the age of 18 has been one of the LPGA Tour's more absurd talking points this season, so Lydia Ko was naturally delighted to torpedo the debate with her victory at the Evian Championship.
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
As the stock markets scale new peaks almost every day in a pre-poll rally, a vast majority of Indian investors expect a further rise in equities in the current year, says a survey.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
'It's a big emotion because I've won on the Tour. I haven't won (a race) since the start of the season. It's great to make it. It was tough but I'm super happy to have won.'
Bayern Munich, already crowned Bundesliga champions last week, lifted the league trophy in an empty stadium on Saturday after crushing hosts VfL Wolfsburg 4-0 on the final matchday. Bayern can win more silverware next week with the German Cup final against Bayer Leverkusen. They are also still in the Champions League.
Equity fund managers say large-caps offer higher relative safety, especially in such times.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Focus on large-caps and ensure that the portfolio is balanced.
The publication named the Democratic leaders for its annual prestigious honour, choosing them over other finalists -- Frontline Health Care Workers and director of the National Institute of Allergy and Infectious Diseases Dr Anthony Fauci, the Movement for Racial Justice and US President Donald Trump.
Billie Ellish had a history-making night at the 62nd Grammy awards, as she swept the four biggest prizes: Best New Artiste, Record of the Year, Album of the Year and Song of the Year.
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The market regulator is wielding an unprecedented level of control over how mutual funds operate, delaying new launches and dictating investment strategy, frustrated insiders in the embattled industry say.
Benchmark indices plunge 4.7% in the first full week of 2016.
Even as February 2017 will be remembered for the fight Americans have put up for the rights of immigrants, South Asian Americans recall the February of 1923 when the US Supreme Court barred South Asians from becoming citizens.
Monday's steep fall turned Sensex's yearly returns to - 2.57%, but only two large-cap funds did worse.
Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July
While accepting the Democratic presidential nomination on Thursday night, Biden said in Delaware that "united we can and will overcome this season of darkness in America."
