Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
It is useful to note that Indian markets have not gone into a tailspin as the Greece crisis has developed, says Devangshu Datta.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
He added that the risks can increase if the Chinese slowdown gathers more speed.
With Iran reaching an agreement on its nuclear programme, India is expected to be one of the major gainers.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
'It is strange a government that is bold and coercive has meekly chosen to do more of what has repeatedly failed to work in the past.' 'And sadly, rating agencies, the business community, fund managers, and analysts, who know this, have chosen to act as compulsive cheerleaders,' says Debashis Basu.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
The government is ready to support Air India, but wants the airline to improve its performance.
Greek proposals hailed as "a positive step forward".
'Ladakh is a tiny salami-slice issue.' 'The big one for China is Arunachal Pradesh, more than 83,000 sq km.' 'Do they imagine they can grab any of this by force?' 'In the 21st century, nursing those thoughts only means you need to get your heads examined.' 'It isn't going to happen,' declares Shekhar Gupta.
Money is being released and the government knows it will have to front-run private investment.
Both the government and RBI have to complement each other if the economy has to revive quickly.
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
It is a national economic problem and one that requires a political solution hand in hand with a clear government commitment to stand behind core national assets, says Vinayak Chatterjee.
As the Modi government enters the fourth year of its tenure, it is looking more confident, shedding its earlier inhibitions about offering sops or new opportunities to big business, says A K Bhattacharya.
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
Air India stares at an operational loss of Rs 2,171 crore in 2014-15.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
China is keen to rebalance its economy towards higher consumption, services, technology use and value-added exports. The hope is that its currency will strengthen as the world embraces it as a global trade and reserve currency, say Abheek Barua & Bidisha Ganguly.
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
The World War I had been triggered by an assassination in then relatively unknown Serbia.
Out of the total amount, Rs 17,359.77 crore is aircraft loan, while Rs 31,517.04 crore is working capital loan.
India suffers from peak power deficit of three per cent.
In recent past, midcap stocks have performed well, say experts.
Prime Minister Narendra Modi will hold discussions with public sector banks (PSBs) and financial institutions to draw up an action plan for banking reforms
Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.
Chances of a sudden collapse in the Shanghai Composite are remote.
Investors with stalled projects and mounting bad debt will refinance their loans.
To cover most of the gap, the road ministry plans to raise $7 billion.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
Iraq war veteran and Democrat Manan Trivedi tried his luck for the third time, but was trounced by Republican Ryan Costello, the Chester county commissioner for Pennsylvania's open seat in District 6
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Five simple tips to help the youth kick-start their financial education
The Sensex ended in red on domestic concerns.
Echoing the position articulated by Prime Minister Manmohan Singh, China and Russia on Thursday warned that imminent withdrawal of fiscal stimulus by the US could have an adverse impact on the global economy and cautioned the Obama administration against it.
Over the past week, the Sensex and the Nifty continued the bull-run
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