Move to increase 90-day window to 120 days to give more time to borrowers to service loans.
Former president of the Calcutta Stock Exchange, Kamal Parekh, was arrested in connection with the Rs 120 crore (Rs 1.2 billion) payment crisis of the bourse.
Satyam has initiated discussion with a host of banks and institutional investors to get funds to keep its business afloat and has pledged some of its receivables to secure funding, Parekh told reporters in Mumbai on Wednesday. Satyam's new board will meet on Thursday and the day after to discuss issues including appointments of top executives and ways to raise funds, Parekh said.
The government does not see any conflict of interest in HDFC chairman Deepak Parekh and former Nasscom President Kiran Karnik, who are directors on the board of Satyam's competitors, being on the troubled company's board.
Moratorium was only a temporary reprieve to borrowers affected by the pandemic, adding that a longer moratorium period exceeding six months can impact credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments.
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
'I knew that since I would be designing for Sanjay Leela Bhansali's film, the aesthetics would have to be correct.' 'He doesn't show poverty in his films.' 'He won't show someone standing on the streets in phate hue kapde.'
While Tech Mahindra's Gurnani earned Rs 146 crore in 2017-18, his actual gross salary component was Rs 2.77 crore. Wipro's Neemuchwala, on the other hand, took home Rs 18.23 crore
Leading the Indian-Americans on the list is 49-year old Aneel Bhusri.
"Cost of funds is still high, so once it comes down, we will reduce interest rates," HDFC chairman Deepak Parekh said. Parekh's comments came two days after Finance Minister P Chidambaram said 'competition from PSU banks will force lenders in private sector to cut interest rates sooner than later'.
As means of transport or metaphor, the romance of trains is unmistakable in Hindi cinema.
Travel insurance policies do not generally cover adventurous or sporting activities such as bungee jumping, paragliding, mountain climbing, or white water rafting, which fall under hazardous activities.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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Imports of gold virtually stopped since July 22 after confusion on the new import rules.
A Kolkata court on Wednesday rejected the bail application of former Calcutta Stock Exchange president Kamal Parekh and remanded him in judicial custody till July 7.
As many as 40 applicants have thrown their hats in the ring for the top job of CEO at scam-tainted Satyam, whose board meeting is scheduled for Thursday to consider the appointment.
Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh on Tuesday said that interest rates may rise owing to higher inflation, but lending rates are unlikely to change in the next one month.
A civilised society depends on having the greatest possible number of people who have a stake in society. Being a homeowner gives one a secure and direct stake in society; so that is the goal we need to work towards.
Many are now cheaper after stock splits. But look at key parameters
The top four Indian IT firms have cash reserves of nearly $15 billion with TCS alone holding $5.9 billion in reserves, followed by Infosys with $3.6 billion, and Wipro with $3.4 billion. HCL Technologies has cash reserves of $1.75 billion.
The banking industry is hoping for more rate cuts by the Reserve Bank, which in turn, will help soften both deposit and lending rates, a top financial industry expert said.
Its revenue, however, grew 20.3 per cent to Rs 21,400 crore in the December 2018 quarter as compared to Rs 17,794 crore in the year-ago period.
At the launch of Khalid Mohamed's latest book, The Aladia Sisters, Karan Johar got Javed Akhtar and Anil Kapoor to reveal a few secrets.
Rani Mukerji's friends make sure to stand by her side at her father Ram Mukherjee's prayer service.
The show felicitated indie musicians like Dualist Inquiry and Nischay Parekh.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
Most bankers on Monday ruled out the possibility of lending rates softening following RBI's move to suck out excess liquidity, but housing finance leader HDFC sees a scope for reduction."There is enough liquidity in the system, softening of lending rate could happen," HDFC chairman Deepak Parekh said. Interest rates can come down despite CRR (percentage of total deposits that banks keep with RBI) hike, he said.
The all-cash transaction is likely to be complete in the first quarter of 2020, subject to regulatory clearance.
Thierry Delaporte's pay package would be around 34 per cent higher than the total compensation that Wipro CEO Abidali Neemuchwala received in financial year 2019-20 (FY20). It also brings the Wipro CEO's salary on par with other top IT firms such as Infosys and Cognizant.
Linking all new floating rate loans to an external benchmark won't impact existing borrowers, so customers who have taken long-term home loans recently should watch things carefully, say Joydeep Ghosh and Sanjay Kumar Singh.
At a time when human contact seems is at its lowest, two people meeting for the first time oblivious to their romantic future together is alluring than ever.
The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
Coal, land, insurance bills are cited as govt's commitment to reforms.
The earnings are, however, expected to be down around 2 per cent on a sequential basis due to pent-up demand getting exhausted and the adverse impact of rising metals and energy prices on consumer goods and manufacturing companies.
The Bengaluru-based firm's revenue grew 17.3 per cent to Rs 20,609 crore in the quarter under review as compared to Rs 17,567 crore in the same period of 2017-18
Taking a cue from their Spanish co-owners and UEFA Champions League finalists Atletico de Madrid, the Kolkata franchise for the much-anticipated Indian Super League was named Atletico de Kolkata on Wednesday.
