Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
When agricultural holdings get fragmented over years, the state government has the power to step in and help farmers pool their land parcels for improving land productivity, after which the pooled land is divided up into larger plots. Instead of the fragments they hold, a farmer gets a single contiguous patch of an equal size. But, it is done only for agricultural holdings. In Kot village, however, the consolidation has been ordered for the entire village land, including the hilly forested commons, which are already pooled. This is not the first time that the Haryana government has attempted such a consolidation of Kot common lands.
Only commitment and planning can help you reap the benefits of long-term investments, says Abhishek Agarwal
KK Sinha is a director in 2 firms - Gobinda Tea Trading and Kriti Infrastructures.
A joint team of the Enforcement Directorate and the CBI will travel to the tax haven nation of British Virgin Islands in connection with its probe against various entities in the 2G spectrum allocation case.
While actor Arjun Rampal's portrayal of gangster Arun Gawli in Daddy is gutsy, producer- writer Arjun Rampal pushes the audience to discover more plot holes than Mumbai citizens encountered this monsoon, says Prasanna D Zore.
Internet, tech, infra, realty in India might gain
Boost to dairy sector will generate jobs
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
Bigger companies are signing equity JVs with global investors.
He is widely admired for maintaining an almost military like discipline and is not known to smoke or drink
Former Telecom Minister A Raja's aide Sadiq Batcha was found hanging at his Chennai residence on Wednesday, police sources said.
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
General Motors vice-president P Balendran is less diplomatic and talks about a 'severe blow'.
The optimism stems from benign fuel prices, adequate and well distributed rainfall and the recent measures announced by the government to boost liquidity at banks and NBFCs.
Brotin Banerjee, managing director and chief executive officer, talks to Business Standard on how the e-commerce space has broken down the barriers between a buyer and a seller.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
'There could be a law where you can say from the 15th over or the 20th over, you can give the wax polish to the bowlers.'
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
Rediff.com traces the life of Sadiq Batcha, a key aide of former telecom minister Andimuthu Raja who committed suicide on Wednesday
The narrative has a humorous streak throughout.
The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.
Snapdeal chief executive officer Kunal Bahl said Piramal's investment was a significant endorsement for the firm and the transformation the company has undergone over the last couple of years.
The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
Mumbai metropolitan region, comprising Mumbai city, Navi Mumbai and Thane, leads the pack (in delayed projects) with 210,000 units at an approximate valuation of Rs 2.34 trillion.
Rooms at this Kolkata hotel are priced between Rs 7,000-8,000 per night. Gateway is a full-service upscale hospitality brand under the Taj Group of Hotels.
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
Amid lowering of bank deposit rates and falling yields from traditional investment vehicles like gold and real estate, investors are fast shifting to financial assets. The MF sector is emerging a clear beneficiary of this trend.
Companies are drawn to the parks by the infrastructure and ready-to-occupy land.
In a rather candid disclosure, a top Income Tax official has admitted that the diamond trade has one of the highest prevalence of black money, with investigations revealing that books in the sector are "completely manufactured".
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
A person in the 30% income tax bracket with a Rs 40 lakh home loan at 9% interest rate would, under the Rs 3.5 lakh interest exemption, will save Rs 105,000 in tax in the first year, against Rs 60,000 under the previous interest exemption of Rs 2 lakh.
Bankers have decided to fight back against 'arbitrary arrests' and 'harassment' by probe agencies.
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