The settlement offer has been made for 13 out of the 15 Videocon group companies that are currently under Corporate Insolvency Resolution Process.
The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying with the local data storage guidelines may hit five private banks, a non-bank lender, and a major card-issuing company. The impact is expected to be felt for a few months as these players transition to other card networks. According to Nomura Research, RBL Bank, YES Bank, and Bajaj Finserv are the ones most impacted by the ban as all their credit card schemes are allied to Mastercard. Among others, IndusInd Bank, Axis Bank and ICICI Bank have 35-40 per cent of their credit card schemes tied to Mastercard, the report said.
More than three weeks have passed since the Reserve Bank of India's (RBI's) new guidelines on e-mandates for recurring payments came into effect but consumers are still taking to social media platforms to complain about the disruptions they are facing. This comes as most stakeholders in the ecosystem have not put in place systems in accordance with the new rules, resulting in many transactions not going through. Industry sources said most banks are still not ready, especially the smaller ones.
'Women's voices are too high or too low, or they are seen as too short or too tall, or too fat or too thin, to be great leaders.' 'These judgments wear us down.'
Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.
'15, 17 years back we were not even in existence in the US. Today nearly 1/3 of prescriptions written comes from India.' 'India is showing that in a very competitive environment -- like the US and Europe -- our industry is doing very well.'
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said. During the second quarter, 160 funding deals were closed -- up 2 per cent from the January-March period. "Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has also added the most number of unicorns. "Standing tall during the pandemic second wave headwinds, Indian start-up ecosystem has shown a strong resilience in this quarter," the report said.
'Learning to learn should be given more importance than what is actually being learnt,' recommends Zaki Ansari.
Flight caterer TajSATS has partnered with Air India to improve the onboard food service on select domestic and international routes.
Internet entrepreneurs are the next big thing in India.
All along, Rahul, right till today 10 years later, hung onto his gut feeling that something surely had happened to Sheena.
Swiggy is shoring up capital to defend its position as India's largest food-ordering app as rivals Zomato and FoodPanda focus on growth after receiving funds
KPMG's global board will meet in India next week
How bridge keeps corporate India sharp and quick-witted.
'We are not organising any large celebrations on New Year's Eve to avoid last-minute changes in guidelines.'
Swiggy had in June entered the elite Unicorn club after raising $210 million from a group of investors
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
PharmEasy has acquired Medlife for an undisclosed amount, the e-pharmacy unicorn said on Tuesday. The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to serve 2 million customers a month.
The American, who moved from US Navy to the corporate world, is considered best suited for this role because of her understanding of both production and distribution. Arnab Dutta & Viveat Susan Pinto report.
Mahindra Holidays & Resorts plans to have close to 5,300 rooms in the next 3- 4 years from the current 3,700 rooms.
Victoria state sports minister Martin Pakula said the government would develop a plan with Cricket Australia and the MCG to allow the famed 100,000-seat stadium to be at one-quarter capacity for the Test starting on Dec. 26.
Yet another surgical strike? India's Osama bin Laden moment? A fresh demonetisation exercise? What could it possibly be?
This SUV will look as cool in 2030 as it might have in 2010 and ultimately that's what drives the core appeal of Mercedes-Benz and its products -- being classic, says Pavan Lall.
From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real,says Shailesh Dobhal.
While Yadav began to tour different constituencies and address public meetings to mobilise the SP rank and file, he has concurrently started the tedious process of cobbling up an alliance of smaller outfits representing a mlange of castes and sub-castes, reports Virendra Singh Rawat.
'I suggest Rahul Bajaj come out in the open and give us his own white paper on the perceived sense of fear that he thinks haunts corporate India,' says Dr Sudhir Bisht.
Saha, 32, possesses none of his predecessor's flamboyance or big-hitting ability with the bat but his dexterity behind the stumps, to go with his determination in front of them, has meant that Dhoni, who now plays only limited-overs cricket, has not really been missed.
The footprints of Indian-origin corporate executives at multinationals is expanding, with Sandeep Kataria taking over the reins of footwear major Bata as its global chief executive officer. From FMCG majors to IT titans, Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporate across diverse sectors globally. From Nooyi to Pichai to Nadella, the list of such people at the helm of multi-billion dollar enterprises is long.
In the past decade-and-a-half, sections of urban India have become much more liberal about accepting gay men and women than our colonial-era laws might have suggested, says Rahul Jacob.
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
Terrorism decreased, corruption and dynastic politics ended and an era of peace, development, prosperity started on August 5, 2019, said Shah as he reached out to the youths in the Valley urging them to stand up to disruptive elements and become ambassadors of peace.
The man with the golden arm could surpass some, if not all, top cricketers -- the demigods who stand well above athletes from other disciplines in India
Joginder Tuteja looks at the big September hits in the past decade.
Mercedes-Benz, Ferrari, Porsche and Lamborghini are some marquee badges that have introduced track cars to excite hard-core customers who want to push their cars to the limit, says Pavan Lall.
With demand drying up, hotels are surviving on quarantine centres and isolation facilities.
A catchy title is always key to hold audience attention and when it is unique and distinctive, it is even better.
The deal, which is expected to close in the next four to five weeks, will give exit to investors Alibaba, Abraaj Group and IFC. The parties are awaiting approval from the Competition Commission of India (CCI).
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