Collateral stocks sold at huge losses as defaults mount.
'As long as there is misery, as long as people let themselves be exploited by rogues, this will continue.'
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
That panic has set in among policy makers is suggestive of the worst being over in global inflation.
Small and medium enterprises have been struggling to raise bank credit even as they have been powering India's manufacturing growth in recent years.
'Once we are past this electoral season, during which all promises are presented as free lunches, could we bring such non-populist issues into focus?' 'Like fixing the problems of the public sector?' points out T N Ninan.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Modi said he was shocked that such voices are being raised for political gains in the land of Shivaji Maharaj.
It goes without saying that the best performers are in the private sector, says TN Ninan.
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Ten times when Yash Raj Films let us down.
Promises have been made in the past about cleaning up bank boards, revamping processes, purging vested interests. How far away is that Promised Land?
As PM talks of lower lending rates, housing companies prepare to cash in.
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.
People elected me to fight corruption, I'm doing what they told me to do, Modi said.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
'How can you ask the common man alone to suffer when the rich is not doing any sacrifice?' 'To take out 10% of black money, you are punishing 90% of the public who have genuine white money.'
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
'Tinkering will not do. Merely staggering spectrum dues comes nowhere near solving the problem,' cautions Rahul Khullar.
Read on to see what trouble a dishonoured cheque (that is, a bounced cheque) can cause you.
Follow these tips to get ready to celebrate with sweets and kites with your friends and family in your new house next Pongal.
The Industrial Development Bank of India-led consortium will meet the foreign lenders in London on Wednesday for taking over their outstanding dues in the troubled Dabhol Power project.
'Demonetisation, is in principal, a mistake, because it involves a theft -- a taking of private property by the State.' 'It is one of those bad Indian ideas that has been tried twice in the past, with two failures for the record books.' 'This cloud over the economy will probably remain as long as Modi is in power.'
Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value creation at the site at Rs 25,000 crore.
'Unless we get the health and economic situations right at the same time, we will not recover.'
A weak opening of European bourses weighed on sentiments.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Months after making history by winning America's Got Talent, Mumbai's V Unbeatable dancing crew is crumbling under the lockdown.
The delay in receiving the revised pension was due to problems in calculation at his bank's end.
So how does one protect themselves from misuse of their credit cards? Here are a few helpful suggestions.
Over the past 25 years the MF industry has come a long way. Geographic reach has increased, many more customers have been added, more channels have been opened up and the product basket is full.
What's required is proper implementation of the rules and better coordination between market intermediaries such as stock exchanges and clearing members who play a key role in monitoring brokerages.
The single most important issue in Public Sector Banks is corruption.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
The Industrial Development Bank of India-led consortium may get the government's backing for taking over the outstanding dues of foreign lenders, as part of efforts to restart the troubled Dabhol Power project at the earliest.
Even as people lined up for the final time to deposit their old notes in banks, Lalu Yadav launched a scathing attack on the PM over his demonetisation scheme.
CLSA managing director & equity strategist Christopher Wood, and executive director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year.
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In a rare appearance since shifting base to the United Kingdom, troubled Indian businessman Vijay Mallya was seen having a good time in London as he watched the Indian Premier League final between Royal Challengers Bangalore and Sunrisers Hyderabad on Sunday. In a video gone viral, Mallya senior is seen having a gala time with his son Siddharth along with a few others. The video was posted by Siddharth as he watched the IPL final with his father. Siddharth also mentions about Force India's third place finish in the Monaco Grand Prix, which also took place on Sunday. "Here we are, watching together from London. It doesn't get better than Sergio Perez getting a podium (for Mallya co-owned Force India). Hopefully we can add to what has been an epic day of sports so far," says Mallya junior in the video as he catches the IPL action with his father on the big screen.
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