With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel's acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of Electrosteel Steels.
From inspiring stories of women who have carved a niche in their career to differently-abled women who fought against social and psychological barriers, the CII event was an eye-opener to the fact that India still has a long way to go towards women empowerment
The lawmakers, speaking at a Capitol Hill event hosted by the Confederation of Indian Industry to release its new study about Indian companies investing heavily in the US and both saving and creating jobs, hoped that this message will alleviate the concerns over outsourcing and loss of American jobs among their constituents.
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
The 72-year-old, also an eminent Congress leader, passed away today after being in coma since 2008, when he had suffered a stroke.
Auto sales continued to break record for the fourth consecutive month in October, with total vehicles sold in the country last month stood at 14,60,655 units.
The All India Football Federation (AIFF) is set to amend its constitution in order to adopt the new regulations which have come from the Asian Football Confederation (AFC).
While the new norms are part of the draft policy's guidelines to fight counterfeit and fake products on platforms, they might end up helping brands and e-commerce firms sign exclusive sale deals.
The study titled, 'Indian Roots, American Soil: A Look at Indian Companies in the US Economy,' was released at Capitol Hill in Washington, DC on Wednesday at a ceremony attended by several US lawmakers from both the Senate and House.
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Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures, including further liberalisation of FDI norms to improve economic condition.
The crowd at the Confederation of Indian Industry's annual general meeting and national conference 2012 merely issued a round of half-hearted applause, though finance minister Pranab Mukherjee had earlier hinted a rate cut was in the offing in the next 'half an hour'.
The Department of Industrial Policy and Promotion is closely working with the Reserve Bank of India, DIPP's joint secretary Gopal Krishna told reporters in New Delhi at a Confederation of Indian Industry function.
Builders on Friday blamed the Noida and Greater Noida development authorities for the current crisis and warned of similar problems in future due to their faulty land acquisition process.
Housing prices may rise by 5-10 per cent in the next 3-6 months as the cost of funds for developers is expected to increase following the Reserve Bank of India's decision to raise key policy rates by 25 basis points.
Worried over the fallout of the Supreme Court's observations on allocation of coal blocks, India Inc wants the apex court to consider a reprieve for those allotted to genuine companies that have invested billions.
The Bajaj Super could not be called a pretty scooter, but it was sturdy and reliable, says Veenu Sandhu.
Along with Lord Ganesha and goddess Laxmi, electronic gadgets will also enter the pantheon of Hindu gods this Diwali.
Prime Minister Narendra Modi is travelling again! The Pradhan Sevak is in Indonesia on the first leg of his three-nation tour to East Asia. This is Modi's first-ever official visit to Indonesia and before the visit, the PM hoped that the meet would cement the political, economic and strategic interest of the two friendly maritime neighbours.
Wants all services included in tax, with a negative list.
BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest.
Indians spend a higher percentage of their earnings on food consumption, compared with other countries globally, Ramachandra N Galla, chairman of Amara Raja Group, said.
FIFA has urged the agitating I-League clubs to work closely with the national federation
'When you oppose a policy, you are labelled anti-government.' 'The problem is, the policymakers have never done any business in their lives.'
With founder Subhash Chandra no longer in the driver's seat at Zee, the acid test for Punit Goenka would be to take the financial investors along with him even as he strives to weather the latest storm. The question, now, is how he will deal with the challenges of being a professional CEO rather than an owner-CEO in the aftermath of his family offloading most of its promoter stake to a clutch of financial investors. However, the silver lining is that Zee remains the most profitable of the top four broadcasters in India.
India's second largest software exporter Infosys Ltd is eyeing big opportunities in cloud computing but advocates that there is need to put in place a policy framework for the same.
The NITI Aayog's vice-chairman's charge holds ground.
In India, these global retailers exported goods worth $725 million in 2010. Modern retail constitutes 6.5 per cent of the $435-billion overall Indian retail market.
Retailers claim online firms' predatory pricing strategy disrupting business
Wildcard entrant Gaurav Bidhuri's remarkable run at the World Boxing Championships ended with a bronze medal on Thursday after he lost his semifinal clash to American Duke Ragan in Hamburg.
The session was organised in the backdrop of upcoming new Companies Act which is touted to have very strong provisions for both executive and independent directors, said Nitin Mankad, chairman, CII Central Gujarat Zonal Council.
The President of the All India Football Federation (AIFF) Praful Patel was on Thursday appointed member of the Ad-Hoc Committee for Member Associations for the term 2011-2015 by the Executive Committee of the Asian Football Confederation.
Getting to the magic growth, however, will require massive increase in investment in infrastructure, in labour force skills and manufacturing capacity.
India boxer Vikas Krishan stormed into the quarter-finals of the men's 75kg category after beating Turkey's Onder Sipal by unanimous decision in a clearly dominating bout. Vikas in now one win away from a medal at the Games. India's first boxer to reach quarterfinals in Rio, Vikas will meet Uzbekistan's world championships silver medallist Bektemir Melikuziev in the next bout.
Leading businessmen from India and Pakistan on Monday called for closer commercial ties between the two countries and said commerce could well turn out to the harbinger of peace in the Subcontinent.
However, metro services, schools, colleges, cinema halls and salons will remain closed, the chief minister said. Wearing masks and following social distancing norms are mandatory in the city, Kejriwal said, adding that no activity will be permitted in containment zones, except for essential services.
India, one of the world's fastest growing auto markets, will see the launch of over ten vehicles, including small cars during the 10th Auto Expo.
'In the last 4, 5 years, ever since online companies started online shopping in a big way with heavy discounts, our sales are affected badly.' 'As there is no control over the way the online companies operate, they were able to destroy the domestic retail market to a great extent.'
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