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While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
Mahindra to sell Peugeot scooters in North Africa
The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.
Prime Minister Narendra Modi will hold discussions with public sector banks (PSBs) and financial institutions to draw up an action plan for banking reforms
The company will develop residential and commercial real estate on the 17-acre land in the plush area, which it bought from DLF last year.
Finance Minister Arun Jaitley refuted the allegations saying when items of common use were being taxed, how could luxury items be kept out.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
'After that, volumes and prices would move up.'
Thailand, Indonesia want unconditional access to India's multi-brand retail space.
Let's take a quick look at what could become more expensive and what will cost lesser now.
MEA says Salahuddin's interview shows the freedom enjoyed by terrorists in Pakistan.
He has drawn fresh strategies to take his businesses to the next level.
O Paneerselvam did not even sit in Jayalalithaa's office chamber and left her seat vacant in the assembly. This time Amma is not coming back and he has a large number of challenges awaiting him.
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
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Most infra projects have hit a road block due to high cost of funds.
A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes.
A new comprehensive Income Tax bill will be drawn up by the next fiscal end to clean up complex and archaic laws, Finance Minister P Chidambaram said on Friday.
'He is wily and has everything that a political leader needs to succeed at that level.' 'He would be outstanding as a counter to Modi in the Lok Sabha, if he had the Opposition benches behind him,' says Aakar Patel.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
Under its Turnaround 2.0 programme, Tata Motors will work to improve its sales capabilities -- "as the product itself is not enough" -- use experiential marketing to excite the market and cut costs to make its offerings more competitive.
The new tax rates will come into effect from January 1, 2019.
Paytm plans to induct 5,000 manufacturers and sellers; has started programmes to identify and train new sellers.
With Awfis, a quirky co-working venture, and other offbeat ideas, Radha Kapoor, the daughter of the Yes Bank CEO, is taking the creative route to entrepreneurship.
The GST rates for all but six items were finalised at the first day of the two-day meeting of the GST Council, headed by Union Finance Minister Arun Jaitley and comprising state representatives.
'Jaitley should get the GST and multi- brand retail bills passed to achieve 9%+ growth.'
Almost 40 per cent of a durable company's sales are achieved during the festival season
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
Small and medium enterprises had complained of tedious compliance burden under the Goods and Services Tax
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.
Both Oberoi Realty and Ritz-Carlton refused to share further details of the management contract stating confidentiality.
There would be no retrenchment of employees and that their services conditions would also not be affected post merger.
Tata Motors reported a 25.47 per cent decline in its net profit.
