The former liquor baron owes several banks a total of as much as Rs 9,000 crore
The Dubai branch of Bank of Baroda has been directed by courts in Dubai to pay a sum of over $103,869 to an Indian company in a bank guarantee case.
The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit at $50 billion
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
Indian companies are unable to raise prices because 35 per cent of the drugs sold in the country come under the government's price control order.
With the rupee fast losing value against the US dollar, Finance Minister Pranab Mukherjee on Friday blamed volatility in global commodity prices for currency depreciation and said deteriorating balance of payment (BoP) situation in several Asian countries also put stress on currencies.
Trump presidency was the first in more than 100 years not to feature a "first dog". Neither President Trump nor his wife Melania owned any pets.
Bayern come from behind to beat gutsy Mainz 2-1 and widen gap.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
The Communist Party of China has clipped the wings of Bo Xilai, a popular leader among netizens. B Raman explains why
Bo, who was replaced by Vice Premier and Politburo member Zhang Dejiang, was known in China for his populist Maoists revival campaign and had been seen as one of the leading contenders to join party's powerful nine-member Politburo standing committee, which virtually governs the country.
The Development Commissioners have recommended to the Board of Approval to cancel these SEZ projects.
With expectations of a significant rise in savings rate and share of working population over next 50 years in India, the current phenomenon of overall surplus in balance of payments may not be a temporary one, RBI deputy governor Rakesh Mohan said.
Developments in the disgraced party official Bo Xilai case have engulfed China's top leadership. Was Bo's ouster part of a well-planned conspiracy? Security expert B Raman takes a look at the intriguing incident.
China has suspended Bo Xilai, a top politician who was once regarded as the rising star in the ruling Communist Party of China hierarchy, from all party posts and also detained his wife over the suspected murder of a British national.
Two elderly Chinese aerospace experts are hospitalised after a violent attack by a 'Princeling', states Jayadeva Ranade, the distinguished China expert and retired RA&W officer, highlighting the power the 'Princelings' ironically hold in the Communist People's Republic.
According to a department notification, Tech Mahindra has approached the Board of Approvals under the Department of Commerce for transferring rights of three SEZs (one in Tamil Nadu and two in Andhra Pradesh) and the proposal will come up for a discussion before the BoA on August 30.
'I started reading your MF articles regularly so requesting your guidance as I would like to start investing in MFs'.
The BoA, a 19-member inter-ministerial body that deals with special economic zone -related matters, is scheduled to meet on September 9.
SBI is the third state-run lender to lower the lending rates after Indian Overseas Bank Tuesday and Bank of Maharashtra which also lowered their loan prices by 5 bps on loan tenors of one year and above, effective April 10.
In yet another ceasefire violation, Pakistani Rangers on Sunday resorted to small arms firing on forward Border Outposts along the international border in Jammu district.
Tata Motors is likely to have one more achievement to cheer about as it gets into the new financial year, when Thailand's Board of Investment (BoI) approves the company's proposal to make an eco-car. A BoI official in Bangkok told Business Standard that the internal approval meeting, scheduled for April 2, 2008, was likely to give its nod to India's third largest passenger car maker to manufacture the eco-car.
The one-size-fits-all approach adopted by the AICTE is not suitable for regulating business schools in India, argues Asish K Bhattacharyya.
'Imagine China pursuing its aims in Jammu and Kashmir by using Pakistani and now Afghan proxies.'
Violating the ceasefire yet again, Pakistani Rangers resorted to firing of mortar bombs on border out posts along the International Border in Jammu district.
The global brokerage firm further said that BoP would be INR-supportive.
SoBo socialities mingled with Bolly folk as a businessman with tinsel links celebrated his birthday.
Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for $37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing. Currently, AAIL, which is a wholly-owned subsidiary of Malaysia-based AirAsia, holds 49 per cent stake in the Bengaluru-based AirAsia India. In a regulatory filing to stock exchange Bursa Malaysia, AirAsia said, "The board of directors of AirAsia wishes to announce that its wholly-owned subsidiary AAIL and Tata Sons Pvt Ltd, India, on December 29, entered into a share purchase agreement."
The banks used for the fraud include ING Vysya Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Dhanlaxmi Bank, YES Bank and DCB Bank.
DIG B K Loshali has been removed as the chief of staff at northwest region.
It is believed that the new draft guidelines will encourage foreign banks to acquire stakes in Indian banks.
As many as 24 special economic zone (SEZ) developers including Dr Reddy's Lab and Tata Consultancy Services have sought more time from the government to execute their projects.
If Chinese growth starts falling, sharply or otherwise, the risk on trade might reverse.
Some of the public banks showed improvement; much more still needs to be done
Tightening financial conditions have set the stage for early Fed easing. Outside the US, there is no longer expectation of the ECB, BoJ, BoE, and BoC to hike rates this year again
The government has given more time to 20 SEZ developers, including Tata Consultancy Services and Mahindra World City, to execute their projects. At a meeting on January 14, the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar also allowed four SEZ developers to surrender their projects.
In the latest move, the telco has reduced validity for its Rs 309/509 packages from 84 days to 56
The former World No.1 and winner of two Commonwealth Games gold medals shot 686 in the 72-arrow ranking round to equal the feat of London Olympics gold-medallist Ki Bo Bae of Korea.
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