A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
BSE Midcap and BSE Smallcap indices registered an uptick of 0.06%, and 0.05%, respectively
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The agency is also preparing to analyse the details of assets of the Kochhars and others so that they can be provisionally attached under the Prevention of Money Laundering Act
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
More than 10% (40 of 498 companies) have lost at least half their market value.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
As the legend turns 40, we take a look at his journey in cricket and life.
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
With a net worth of $12.6 billion, Mistry is well known for constructing some of Mumbai's landmarks such as the Reserve Bank of India headquarters, The Taj Mahal Palace and Towers, and the Oberoi Hotels
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
The posts of Chairman and MD in the private sector are held separately.
New SDR norms allow promoters to manage debt-laden firms.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
The Centre on Wednesday told the Supreme Court it would examine the current status of development in 61 coal blocks allocated to companies, on a case-by-case basis, and take a decision within six weeks.
'With his stature as a playwright and actor, Girish Karnad was one of the voices of modernity for not just Karnataka but the entire country.'
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
A summary of sports events and sports persons, who made news on Wednesday
The country's largest consumer goods company Hindustan Unilever says it has been able to reduce its water use by regular metering, monitoring and controlling of utilities consumption at all its manufacturing sites
The EC limits campaign expenses incurred by a candidate to Rs 50 lakh to Rs 70 lakh. But there is no such limit on spending for parties. The vendors aren't complaining.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
The Goa Foundation started filing writ petitions before the Bombay High Court from 1992 onwards against several mining companies.
Local businesses are fretting over reform setbacks.
Markets shrugged off RBI's neutral stance on key policy rates.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Using a sledgehammer to fix some ills can cut down a game at its peak, warns Shekhar Gupta.
For the first time, PSU banks will have a non-executive chairman, giving operational responsibility to managing director and chief executive officer.
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
'The corporate sector says by 2022 they will create 300 million jobs.' 'In the last 70 years we didn't do it, how will we do it in 5 years?' 'Only agriculture can bail out the economy. Unfortunately, it is not being looked into.'
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