With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
'Every day, when I deliver milk, I talk to the families and find out what is happening in their lives.' 'That is how you get to know the real issues and find solutions.'
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Film director Amar Kaleka, the son of the gurdwara president who was killed in a 'supremacist' shootout last year in Wisconsin, is planning to challenge US Republican Paul Ryan in the 2014 congressional election, agencies report.
The commercial vehicle business is one of the mainstays for the Tata group, highlighting the importance of Girish Wagh's appointment.
Some 1,100 years ago, Uthiramerur had an election system similar to what India has today.
Accusing the Congress of creating obstacles in the path of growth and economy, he declared that the government would try to get the bill passed with the help of parties
According to the draft, in the northeastern states the threshold is at Rs 500,000.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
Apart from the second pandemic upsurge in Haryana which devastated its cities and villages, in most districts panchayats stopped inviting BJP-JJP leaders to social gatherings, while a few announced a boycott.
Though he went back to writing "beautiful scenes" for other Bollywood directors, his deep interest in the lives of ordinary citizens never slackened, evident from the way he made himself available to human rights groups whenever they called him.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
Top Congress sources said they would not hold up the Bill.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
Despite the relaxation of the one-child policy in 2016, the number of live births per 1,000 people fell to a record low of 10.48 in 2019, down from 10.94 in 2018.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
'The policy is to consolidate farming into the hands of a few and to take away the food security of the country.' 'Once food is in the hands of 15 chosen corporate houses, you will get food, but at a price that they determine.'
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
Once a Congress-led government is formed at the Centre, the farm laws will be revoked and dumped into the 'dustbin', he said, addressing a gathering in the evening here on the conclusion of his 'Kheti Bachao Yatra' (save the farming march), which began from Punjab's Moga district on Sunday.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.
It makes it mandatory for companies to spend on social welfare and seeks to bring in greater transparency.
The proposed exchange is likely to be almost as big as Mumbai's Bharat Diamond Bourse, now said to be fully occupied.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
Senior Congress leader and former finance minister P Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.
Prime Minister Narendra Modi is in Tanzania where he held talks with Tanzanian President John Pombe Joseph Magufuli.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
'On the tax front, most of the Budget proposals are sensible'.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management.
"The RSS is trying to change the nature of India. Other parties haven't tried to capture India's institutions," he said.
Rediff.com gives you a look at newbies in the Council of Ministers
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