Cash-strapped retail chain Subhiksha Trading Services on Monday ruled out declaring bankruptcy and said it may consider selling stake to raise funds as it struggles to arrange Rs 300 crore (Rs 3 billion) to meet immediate operational requirements.
Banks and financial institutions are seeking more flexibility in dealing with commercial and industrial loan accounts, which are seeing pressure due to cash flows and repayment.
Twenty-seven months after she lost her husband in an anti-insurgency operation in south Kashmir's Pulwama, 29-year-old Nitika Kaul on Saturday donned the army uniform after completing a one-year rigorous training in Tamil Nadu.
Pakistani officials handed over Varthaman to Indian officials, including from the IAF, at the Attari-Wagah Border.
The opposition party questioned why the government took five years after the liquidation proceedings of ABG Shipyard to lodge an FIR in connection with the alleged duping of 28 banks.
Advocacy against the law like the Citizenship Amendment Act (CAA) is not a crime, former JNU student leader Umar Khalid told a Delhi court on Monday, asserting that the police pressured the witnesses to give statements in the riots conspiracy case.
The officer said the aircraft was on a regular training sortie when the incident occurred.
Shah also said that the return of pilot Abhinandan was a diplomatic victory.
Sebi's plea for such powers has been endorsed by the finance ministry.
'Not a single bullet was fired, but we were warning the enemy not to continue with their antics!' IAF Veteran Air Commodore Nitin Sathe finds out how the Light Combat Helicopter, which will be inducted into the IAF on October 3, was designed, developed and flown.
A MiG-21 Bison of the IAF, piloted by Wing Commander Abhinandan Varthaman was downed during a dogfight between India and Pakistan sides on February 27 after the Balakot airstrike
Samajwadi party supremo Mulayam Singh Yadav on Friday termed tapping of phones of Members of Parliament as a serious issue, and asked the government to take tough action against culprits.
If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
The missile hit a sea-based target in the Bay of Bengal from the combat jet.
'Brajesh Thakur spoke to half a dozen Union ministers, some Bihar ministers and Manju Verma's husband between the process of lodging the FIR against him on May 31 and his arrest on June 2.'
Tomy was battling for life on the dismasted sailboat Thoriya with a severe back injury, the officials said.
The IAF in its letter to the censor board, and sent to Netflix and Dharma Productions, has stated that as per initial understanding, "Dharma Productions had agreed to represent Indian Air Force with authenticity and make all efforts to ensure that the film helps to inspire the next generation of IAF officers. " However, when the trailer of the movie was released recently, it was observed that "certain scenes and dialogues in the movie and its trailer, which was forwarded to this office for viewing, have been found to portray the IAF in an undue negative light."
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
This was the very same house from which two nervous women were dramatically winched up to safety by a brave Navy commando.
The outstanding loan amount is Rs 7,000 cr.
CDR amount jumps six times in first half; bankers expect things to worsen.
The mishap occurred during a sortie as part of the rehearsal for AeroIndia.
As the bugle was sounded for the retreat, the Raisina Hill complex lit up in a riot of colours, the illumination provided by LEDs rather than the traditional incandescent bulbs.
It is to be noted that the total cases referred under CDR increased to 19 in the second quarter from 16 in the first quarter of the current fiscal.
In early-December, Air India had appointed global consultancy firm Deloitte to vet the SBI Caps-prepared financial restructuring plan.
The Indian sailing team had to battle the odds and the association to clinch a silver medal at the recently-concluded Asian Games in Guangzhou. Arjuna Awardee Farokh Tarapore, who led the team, was vocal about his disagreement of the choice of coach.
Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.
NPA ratio declined to 3.4% of total loans outstanding, from 3.6% in the Jul-Sept quarter last year.
'He (Khalid) can't be made to incarcerate in jail for infinity merely on account that others who were part of the mob have to be identified and arrested in the matter'
Indian Navy Public Relation Officer (PRO) Cdr M C Joshi has said that the residents may hear sonic boom sounds and they need not panic as it is associated with the training of MiG-29K aircrafts, which is happening off Goa coast.
In 2016, the Centre has been able to get only seven IAS officers from all states so far.
Under the CDR package, the company has sought a debt-restructuring of Rs 2,800 crore, including Rs 1,800 crore for Maytas Infra and another Rs 1,000 crore for various special-purpose vehicles. Sources say the investment companies may have diverted the Rs 400 crore to Satyam Computers. "As per the account trail, this loan of Rs 400 crore was finally given to Satyam Computer, routing through these investment arms," sources close to the CDR package said.
Sources said the company had already secured the required funds for payments due during the current year and might wait for higher valuations for assets that were on the block. Under the CDR, Wockhardt has to divest its non-core assets at an estimated value of Rs 790 crore (Rs 7.9 billion), but the company has been given six years to complete the transaction.
With 600-700 new NPA cases getting admitted into NCLT every month, the demand for resolution professionals is on the rise with their number more than doubling in less than a year.
Abhinandan will undergo debriefing which will include his physiological as well as a physical check-up in the presence of officials from the military and Intelligence agencies.
Cash-strapped retail player Subhiksha has said that almost all its lenders and shareholders are working together to revive the company and it is on its way to completing the ongoing corporate debt restructuring (CDR) programme on schedule by the end of July.
Tough market conditions and low valuations are the key hurdles for the Wockhardt management as it tries to tide over its debt problems.
"IAF used the expertise of its air warriors to retrieve the most vital element sought after any air crash -- the Flight Data Recorder (FDR)-cum-Cockpit Voice Recorder (CVR) or black box in common parlance -- to help provide clues to the air crash," IAF spokesperson Wg Cdr T K Singha said in New Delhi.
