Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
India's banks rely on overnight borrowings to fund longer-term lending.
The exemption from MAT does not apply retroactively.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
The reason for the windfall: the soaring value of their stock awards.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
Here's a closer look at the showcause notices issued to Lalit Modi
Well then, what did DeMo achieve? As predicted by most economists, the volume of transactions fell, economic activity was adversely impacted, and some sectors (which were more dependent on cash transactions) witnessed greater disruption than others, says Rahul Khullar.
Fraud is a big concern among many board members.
Amid the raging row over National Herald case, the Congress on Sunday asserted that the allegations and "insinuations" against party leaders Sonia Gandhi and Rahul Gandhi are "deliberately orchestrated", "patently false" and "defamatory" as they have "not received a rupee".
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
'Her presence before and during the Lok Sabha election will electrify the political environment.'
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
The ruling by US Judge Steven Rhodes, who cited the city's dismal finances and $18 billion owed to a multitude of creditors in support of his decision, marks a watershed in the history of Detroit.
One might wonder what's wrong if one were to get the best of both worlds by buying one product. There are basically two problems... cautions Rajiv Raj
Nobody is clear what 'minimum government maximum governance' means.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
Under Sharma Axis Bank has also taken the lead in focusing on technology, which has now become core to almost every other lender's strategy.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.
'Modi's investment in the relationship with Washington is the biggest deliverable of this visit. He means business and that's fantastic!'
Every financial plan needs to be tweaked periodically.
The FDA actions eventually led to a $500-million fine for Ranbaxy as well as the effective mothballing of many of its Indian factories.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
There is more than what meets the eye to the wealth accumulated by Punjab Deputy Chief Minister Sukhbir Singh Badal.
There is no clearly defined right or wrong answer since both target different needs of a portfolio.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
This is the 2nd lowest amount of funds held by Indians.
The government has provided a long-term vision.
The amount saved in a PPF account is actually saving for a rainy day.
God forbid, if bad days fall upon someone and debts pile up. A fascinating excerpt from Anil Lamba's Financial Affairs Of The Common Man: Master The Art Of Personal Finance Management.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
With the Union Budget over, it is a good time to start the rebalancing exercise. Take cues from last year's market performance
The Supreme Court on Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore (Rs 100 billion) for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.
Sushma Swaraj, like Clinton, has a strong political base in her own party and is likely to have her imprint on foreign policy, says Ambassador T P Sreenivasan.
The sector faces many challenges and calls for prompt corrective action.
The Indian Navy has just one aircraft carrier. The INS Vikramaditya carries just 26 unreliable MiG-29 fighters and 10 helicopters -- an insufficient capability to battle a serious foe.
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