Among executives who have been approached are former president and CEO of IndiGo Aditya Ghosh, Wolfgang Prock Schauer, current president and Chief Operating Officer at IndiGo and Sanjay Kumar, Chief Strategy and Revenue Officer of IndiGo.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
In a hard-hitting editorial, the US daily further stated that while 'many Indians have said that they are willing to tolerate some pain, their patience won't last if the cash crunch continues'.
According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trn, there will still be a 40-45% year-on-year decline.
CAs not sure if individuals declaring unaccounted money will get immunity from reassessment as these provisions are not covered in the Bill.
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
Will demonetisation lead to a rate cut, leading to higher quantum of lending?
Many fear that in practice if banks make their customers pay to hold their money, it might lead to a situation where consumers hold on to cash.
IOC had challenged the Uttar Pradesh government decision.
Anjali & Uday manage to save a fair amount. But have they invested wisely?
The economists, polled by industry body Federation of Indian Chambers of Commerce and Industry, said the RBI may raise the cash reserve ratio, which is a portion of deposits that banks keep in cash with the central bank, by 50 basis points to 5.5 per cent, although this would have no impact on containing inflation.
The total worth of Assam Chief Minister Sarbananda Sonowal's assets, both movable and immovable, have increased by over 71 per cent since the last assembly polls in 2016, despite not having bought any new immovable assets.
The Department of Posts was one of the 11 entities to get the in-principle nod from the Reserve Bank of India in 2015 for setting up a payments bank.
Since trading in virtual currencies is not illegal, they traded in cash or through barter in some instances.
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
How the demonetisation drives in India and Venezuela have played out.
An unaccounted cash of Rs 12.36 lakh was on Thursday seized from a car registered in the name of a Bharatiya Janata Party MLA's husband in the state capital during a special drive in view of Bihar assembly elections.
Joy Thomas stated that one large account -- HDIL -- was the sole reason for the present crisis that led to the regulatory action on Tuesday when Reserve Bank of India superseded its management and placed it under an administrator for the next six months.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get a declaration form stamped.
You cannot manage the risk in your portfolio if you have no idea how to recognise it.
Even if the government didn't plan for demonetisation properly, it could have taken steps on a war footing later to ensure the situation improves.
SpiceJet is having tough times due to a huge financial crunch.
There are many benefits of taking a personal loan against a fixed deposit than just taking a regular personal loan. Read more to find out...
P C Padhi became headlines in Odisha after a media expose on funds received by the BJD became known.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
RBI is also considering a proposal to re-introduce inflation-indexed bonds.
'Which is the line for depositing money?' 'Which is the line for changing money?' 'Which is the line for withdrawing money?'
'Credit expansion is probably the quickest way to get the economy going again.' 'Easy credit is like a shot of nitro in a race car: In timely, small, quick, doses it can give a tremendous boost but carried to extreme it can destroy the engine,' points out S Muralidharan, former managing director, BNP Paribas.
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
Many banks are contemplating to set up additional counters for withdrawal to meet the rush
Images from the third T20 International between Australia and India, at the Sydney Cricket Ground, on Tuesday.
Withdrawals from basic savings bank deposit accounts are capped at four a month, including withdrawals via ATMs.
Globally, the focus has moved back to India, especially in terms of telecom assets. Vodafone Idea, with some 300 million customers, continues to be attractive with shares available at a low price.
In their election affidavits, Sonia Gandhi declared a 45 per cent drop in her income in 2017-18 compared to 2013-14, while Irani's income increased roughly an 80 per cent increase in her income in the same time span.
Hike in CRR to suck out Rs 12,500 crore from the banking system.
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
