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National Asset Management Company

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'Companies Will Be More Powerful Than Nations'

'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power. Businessman Gautam Adani's advice to students of IIT-Kharagpur. IMAGE:......

Zubeen Garg's death: ED, I-T dept to probe event manager's financial crimes

The Enforcement Directorate and Income Tax department are likely to join the Assam police in investigating alleged organised financial crimes and acquisition of benami properties by event manager......

Local body polls soon? Maha cabinet takes 21 decisions in single day

With elections to local bodies looming, the Maharashtra cabinet took 21 decisions on Tuesday, an unusual number for a single meeting, including the closure of the state's asset reconstruction......

'Direct threat to US': Trump sanctions Indian firms

The Trump administration has sanctioned entities and individuals from India involved in sales of Iran's petroleum and petroleum products, saying the funds from this trade support Tehran's regional......

Indians sanctioned by US for aiding Iran's energy trade

The United States has sanctioned more than 50 entities, people and vessels including two Indian nationals for allegedly facilitating Iranian energy sales, in an attempt to dismantle "key elements"......

Bankers pitch for a National Asset Management Co

Concerned over rising bad loans, heads of banks and financial institutions on Tuesday suggested creation of National Asset Management Company which could act as a nodal agency to deal with the......

M&M, Manulife to form life insurance JV with 7,200 crore investment

Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a......

Rate Cut effect: PFC, Sidbi plan to raise Rs 11,000 crore from bond market

Activity in the corporate bond market is set to gain momentum following a 25-bp policy repo rate cut by the rate-setting panel of the Reserve Bank of India (RBI). Illustration: Dominic......

US Judgment Against Byju Raveendran Faces Steep Hurdles in India

A US court's $1.07-billion default judgment against Byju Raveendran can't be enforced directly in India because the US isn't a "reciprocating territory." Creditors must file a new case in an Indian......

Anil Ambani skips ED summons in FEMA case

The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear before it on November 17 in a FEMA case after he skipped his scheduled date on Friday.......

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