For the first time, PSU banks will have a non-executive chairman, giving operational responsibility to managing director and chief executive officer.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
President A P J Abdul Kalam gave away the awards to 58 eminent personalities from different walks of life at a glittering ceremony held at the Ashoka Hall of Rashtrapati Bhavan.
Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.
The verdict, upholding Centre's November 15, 2019, notification bringing personal guarantors of corporate debtors under the net of the IBC, assumes significance in view of the fact that various high-profile industrialists may now face insolvency proceedings along with their debt-ridden firms under the IBC.
A total of 4,452 cases have been disposed at pre-admission stage and 66 have been resolved after adjudication. 260 cases have been ordered for liquidation.
Tata Communications has invested around Rs 6.5 billion in developing its IoT business, which is being managed by some 75 executives over the past three years.
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Recently, CVC suggested that banks have a monitoring mechanism for bad loan sales to ARCs, with the cash flow statement from stressed assets shared with banks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
As the legend turns 40, we take a look at his journey in cricket and life.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
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
A 7:2 majority verdict by the apex court ruled that the tax legislation by the state does not require the consent of the President under Article 304 B of the Constitution
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Adivasis are a critical national treasure, so we need to protect them.' 'The fight for the tribals of Chhattisgarh needs people from all political parties. It cannot be about any single political group.'
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
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.
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.
'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.'
A summary of sports events and sports persons, who made news on Wednesday
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
'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.'
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.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
The Goa Foundation started filing writ petitions before the Bombay High Court from 1992 onwards against several mining companies.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
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
Using a sledgehammer to fix some ills can cut down a game at its peak, warns Shekhar Gupta.
'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.'
Local businesses are fretting over reform setbacks.
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
Take a look at the skills that matter and how you can acquire them.
'I like the thought that I am competing successfully with writers much younger than me,' says Ruskin Bond.
