The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
As corporate India prepares to put its house in order, the transition raises concerns
The new variant is said to be 70 per cent more transmissible, though health experts say there is no evidence that it is more deadly or would react differently to vaccines.
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
Every year Fortune honours 10 innovators, groundbreakers and game changers as 'Most Powerful Women Entrepreneurs'.
As many as 11 industry bodies related to food and pharma sectors on Thursday alleged that the food regulator FSSAI has become "den of corruption" and demanded a CBI inquiry into the functioning of the authority, which shot to limelight over the Maggi issue.
It may not be an exaggeration to say that in the next three years, in India itself a million jobs or more might be at risk due to automation. How we leverage its benefits will determine our fate in the digital era.
China's National Health Commission on Thursday said the country reported only four new confirmed COVID-19 cases on Wednesday, taking the total number to 82,862, while no death due to the disease was registered. The virus has claimed 4,633 lives in the country.
Strengthening of rules governing insider trading is among the key proposals in the agenda set by Sebi for 2018-19, along with making improvement to the Prohibition of Insider Trading Regulations (PIT) and Prohibition of Fraudulent and Unfair Trade Practices regulations.
Ruchi Soya was admitted to the corporate insolvency resolution process (CIRP) in December 2017 and owes lenders Rs 12,000 crore.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
The approvals would be handled independently by administrative ministries of different sectors.
Vashi APMC traders see supplies to Mumbai impacted over movement curbs. A number of trucks sent to Mumbai from the market has reduced from 600 per day in recent times to around 300.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
Corporate affairs ministry sending notices seeking details of fund disbursal
The ministry of home affairs in its advisory on December 28 had advised states and Union Territories that they can impose local restrictions, including night curfew, based on their assessment of the situation to contain the spread of COVID-19.
'We need to confront such people else they will be encouraged to harass more women in the future,' notes HR guru Mayank Rautela.
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
'That would once and for all teach all the film-makers of this country a fitting lesson!'
Rules for market infrastructure institutions such as stock exchanges, clearing corporations, and depositories have come under review by Sebi after five years.
The Narendra Modi-led government has issued around 50 fresh guidelines easing conditions for industry in about six months, beside launching an online system for applying environment clearances.
India is in the midst of its biggest crisis since Independence. It is a national emergency and begs to be dealt with. Politics can wait. Lives need to be saved. We need to vaccinate India at a pace faster than any country in the world, asserts Ramesh Menon.
India Inc has too much on its plate to ensure double digit growth in FY16.
Gold is the first product for options trading that markets regulator Sebi has allowed after 14 years of commodity exchanges in the country.
The ministry of consumer affairs had sent notices to both the companies under the Emblems and Names (Prevention of Improper Use) Act of 1950, which bars use of prime minister's name and picture for commercial use.
Experts view this as a case of "failed experiment" in succession
Experts believe scrapping some projects is likely to bring some stability in road sector.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
Prakash Javadekar's one year as India's minister of state (independent charge) of environment, forests and climate change has been an unmitigated disaster, says activist Himanshu Thakkar.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
Any act by a chartered accountant that brings disrepute to the profession, whether or not in the professional domain, is open to disciplinary scrutiny and action.
Five longtime Republicans -- K V Kumar, Puneet Ahluwalia, Suhail Khan, Ajay Kuntamukkala and Harry Walia -- have been named to the GOP's Asian Pacific American Advisory Council.
Calcutta HC dismisses United Bank of India's decision on technical grounds
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
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