Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
New SDR norms allow promoters to manage debt-laden firms.
Central Bureau of Investigation on Friday registered two enquiries to look into the issue of missing files on coal block allocations from the Coal Ministry.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The Central Bureau of Investigation on Monday filed its first charge-sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
If companies manage to raise Rs 10,000 crore, this will be the best year for IPOs since FY11.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Accused by the Bharatiya Janata Party of taking bribe, Himachal Pradesh Chief Minister Virbhadra Singh arrived here today to present his version to the Congress high command while slamming the opposition party of indulging in "malicious propaganda" against him and his family.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Eleven companies, which owe the bank Rs 843 crore, are untraceable.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
Karnataka proposes to auction 15 of its Category-C mines to end-users.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.