'The state government does not believe in disallowing non-Hindus to do business outside Hindu temples.'
'The Khalistanis get bulk of the money from abroad.' 'Where did Amritpal's Mercedes come from, which costs well over Rs 60 lakhs?' 'Where does his fleet of vehicles come from?' 'Local Punjabis can certainly not contribute this kind of money.'
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HC restrains Nokia from selling, transferring ownership rights in India.
RBI has appointed R Subramaniakumar, the ex-managing director of Indian Overseas Bank as the administrator of the third largest pureplay mortgage lender.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
This alternative is being planned as the existing projects continue to be delayed due to land acquisition troubles. The ministry is thinking of adding new track lines to its existing eastern and western DFCs passing major areas in the proposed stretches, senior officials said.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
The strengthening of regional outfits may weaken the grand old party's chances of leading a joint opposition front for the 2019 general elections.
Given the dismal show of the Congress in the recently concluded assembly polls and the JMM eating into its vote bank, the possibility of Congress MLAs switching sides is not bleak, reports R Krishna Das.
'He is my friend, role model, mentor and superhero.'
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
It is nearly after 13 years that a foreign brokerage has resumed holistic coverage on stocks of public sector banks (PSBs). To that extent, Morgan Stanley's report dated March 3, where the analysts have listed their order of preference for PSB stocks, is an indication that the state-owned banks may once again be attracting some interest, thanks to three back-to-back quarters of good results in FY21 so far. "State-owned banks' balance sheets have improved, and bad loans formation should moderate going forward," the analysts note and this is the key reason for them to relook at their stance on PSBs. While State Bank of India (SBI) remains their preferred pick, stocks of Bank of Baroda (BOB) and Punjab National Bank (PNB) have been upgraded from 'underweight' to 'equal-weight'. The brokerage maintains its underweight recommendation on Bank of India and Canara Bank.
Two issues dog the sale of the national carrier. One is the $2 billion bank guarantee the winning bidder will need to furnish. The other is the nearly 5000 lawsuits filed against Air India, many of them overseas. Anjuli Bhargava reports.
The largest stock bourse in the country, NSE on Wednesday said trading across segments came to a halt at 11.40 am due to connectivity issues.
The SC has agreed to re-examine the sentence awarded by it to the cricketer turned politician in a 30-year-old road rage case.
Even today when news organisations and their owners have stooped before the powers that be when they were only asked to bend, Prannoy is still standing tall, asserts Sanjay Ahirwal, , former managing editor, NDTV Worldwide.
Noted banker Uday Kotak said the country's financial system is currently in a Darwinian mode as only the fittest lenders are able to survive. Kotak also said that historically, whenever there has been a problem with a private sector lender, it has been merged with a state-run bank.
This is a key reason for the finance ministry's objection to fixing the tenure at 100 years, as it is pushing PSBs to be self-dependent and raise funds from the market, reports Hamsini Karthik.
Jaishankar said China, in violation of the 1993 and 1996 agreements not to mass troops on the Line of Actual Control, chose to do so, and added that its attempt was obviously to unilaterally change the LAC.
Chanda Kochhar, the high-profile ex-banker had on November 30 moved the Bombay high court challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar. A division Bench of justices Ranjit More and SP Tavade allowed her to implead RBI and directed the apex bank to file its reply by December 16.
Declining cash flows, difficult IPO environment are substantial complications.
Chinese billionaire and Alibaba group founder Jack Ma is suspected to be missing following his mysterious disappearance from the public eye for over two months after Beijing's aggressive crackdown on his business empire.
According to one of the Kochi team co-owners, Modi had driven them to 'madness'.
Mann stares at a twin-headed monster: Resuscitating the state's debilitated public-sector enterprises and controlling the spiralling debt to keep the state machinery and his poll-fuelled populist schemes running.
Activist Anna Hazare has decided to join Baba Ramdev in the latter's indefinite fast against corruption. Baba Ramdev is scheduled to hold an indefinite fast at the Ramlila Maidan in Delhi from June 4 to demand repatriation of the black money stashed in foreign banks. His supporters will also join him in the fast in 624 districts across the country to demand stricter steps to deal with corruption.Hazare has announced his decision to join the fast from June 5.
67 companies with total debt of Rs 5.65 lakh cr were either loss-making or didn't generate enough profit to cover interest cost in FY15
Take a look at top picks of all 10 IPL teams
Bharatiya Janata Party working president JP Nadda and party general secretary in-charge of West Bengal Kailash Vijayvargiya led a rally in support of the amended Citizenship Act in Kolkata on Monday.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
Prohibitory orders were imposed in parts of Ranchi city after some policemen, including an Indian Police Service officer, and others were injured in Ranchi on Friday while trying to control a mob near a temple, an official said.
This pertains to certain irregularities in loan disbursements towards the development of two Slum Rehabilitation Authority projects undertaken by the company in the past.
The Service Tax Department has once again frozen the bank accounts of the national carrier Air India for non-payment of dues running into a little over Rs 300 crore (Rs 3 billion).
PNB Housing Finance on Wednesday said it will disclose the outcome of shareholders' meeting held a day earlier -- on Rs 4,000 crore capital infusion led by Carlyle Group -- in accordance with the order of the Securities Appellate Tribunal next month. The company moved the tribunal on Monday after the capital markets regulator asked it on June 18 not to go ahead with the proposed capital raise plan by allotting preference shares to the investors until it carried out a valuation of shares from an independent registered valuer. The SAT in an order dated June 21 allowed the company to go ahead with the EGM, but restricted it not to announce the voting results by the shareholders, as the matter is pending before the court.
'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
On the Sensex chart, Vedanta was the biggest loser with 4.66 per cent decline. Other major laggards were were Tata Steel, IndusInd Bank, HDFC Bank, Kotak Bank, Axis Bank, HUL and Bharti Airtel, losing up to 3.36 per cent.
In fresh trouble for YSR Congress chief and Kadapa MP Jagan Mohan Reddy, the Central Bureau of Investigation is freezing the accounts of three companies owned by him, including the Sakshi TV.
The 136-year-old baby, argues Shyam G Menon, is taking a tiny step to tackling the biggest dread of old age: Change.
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat.
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