While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
The e-commerce sector gave a much higher average hike of 16-20 per cent to its executives.
Sources claim that 68-70 per cent of the workers at Halol are permanent ones, while the balance is tilted towards contractual workers at Talegaon.
There are still a few lingering issues towards the progress of India-China bilateral relations, the approach for dealing with each other seems to be quite different. With Modi-Xi bonhomie strengthening, it seems that India and China are ready to recalibrate their approaches towards each other, says Sana Hashmi.
Co-founder of Twitter Biz Stone tells us what he learned from his enterprising entrepreneurial journey.
'Both Modi and Xi know that if all that there is to show for Modi's visit -- barely eight months after Xi's India trip -- is a repeat of the same old declarations, there will be a terrible sense of letdown in the public mood resulting in future summits losing credibility. Only the possibility of new ground being broken can justify Modi's trip at this time,' says B S Raghavan.
In this industry, a company's strategy needs to be adaptable in order to keep up with the pace of change.
At least 40% of a product must be manufactured in India for it to qualify for the Indian Designed, Developed and Manufactured category.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
Indian billionaires do not believe in sitting on their wealth.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
Queens Park Rangers could be consigned to English soccer's minor leagues if they are relegated from the top flight and fail to pay a potentially huge fine for breaching the Football League's financial fair play rules.
Ishita Katyal, the youngest TEDx licensee ever from Asia impressed the world with her ideas at the TED Youth conference held in New York, November 14.
13 out of the world's 20 most polluted cities are in India. Most shockingly, the latest Central Pollution Control Board statistics reveal that the pollution levels in Gwalior, Raipur and even little known Kashipur are higher than that of Delhi which means we have some of the most polluted zones in the world.
In recent years India-Japan relations have acquired rich economic content and strategic intents. Although the bilateral trade at $18 billion between the two countries is not very impressive and leaves much to be desired, the economic engagement between the two countries is both qualitatively and quantitatively noteworthy. India-Japan defence cooperation, however, has generated a lot interest among the strategic community in the context of rise of China. There has been a lot of speculation about India-Japan strategic partnership to hedge China, says Rup Narayan Das.
New Delhi and Beijing are the only two regional capitals that have commented on US President Donald Trump's speech on August 21 outlining the way forward in Afghanistan. The Indian foreign ministry statement was effusive in praise, while the Chinese statement has been one of cautious and guarded hope. Delhi has identified itself with Trump's Afghan strategy, whereas the Chinese stance is calibrated -- observant and objective, keeping a distance, says Ambassador M K Bhadrakumar.
PM Modi addressed a crowded UNESCO gathering, speaking of the importance of culture.
An excerpt from Conde Nast India's Make In India magazine.
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Global retail behemoths seem to have read the signals right.
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
Full transcript of President Obama's speech at the Siri Fort Auditorium in New Delhi.
Sheela Bhatt meets Bharti Patel, a truly exceptional mother of our times whose son Dr Vikram Patel was recently ranked among Time magazine's 100 most influential people of 2015, to find out her recipe for a remarkable upbringing.
The government must justify why we need to buy foreign reactors when we have developed up to 700 MWe unit-size pressurised heavy water reactors, a design which can be easily extended to 900 to 1000 MWe unit size. Why can't the 'Make in India' philosophy apply to indigenous nuclear reactors, more than 18 of which have been designed, built, and being operated by Indian engineers, asks Dr A Gopalakrishnan.
Overseas education consultant NNS Chandra shares advice on how to pick the right international education.
India and Japan have a shared interest in countervailing China's hegemonic ambitions in Asia. Although neither has an interest in forming an overt anti-China alliance, Tokyo and New Delhi feel increasingly obligated to work together to find ways to guard against a muscular Beijing's power sliding into arrogance, says Brahma Chellaney.
'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.' 'We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance minister had the DMK won.
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Rohan Murty was speaking at the 50th anniversary symposium of the computer science department at Cornell University.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
What is Narendra Modi like? What is his politics about? What will he do? What are his priorities? Sheela Bhatt/Rediff.com speaks to Swapan Dasgupta to find out more about the man of the moment.
A special episode of the Prime Minister's radio broadcast Mann ki Baat featuring US President Barack Obama and Prime Minister Narendra Modi was aired on Tuesday night. The 35-minute special broadcast of 'Mann Ki Baat', which marked the rapport between Modi and Obama, touched on issues ranging from public health and personal inspirations of the two leaders, both of whom have come up from simple beginnings to assume to top positions of the respective countries. What follows is a transcript of the Mann ki Baat episode.
'When I give advice to my Indian relatives they are shocked.' 'I tell them to eat butter again and eggs and all that stuff.' And eat only so much rice.' 'Instead of having three chapattis, have one.' A must-read interview!
While chips have become ubiquitous, Moore's Law has remained a self-fulfilling prophecy even half a century later. Not bad for an industry where the time scale is not measured in decades and centuries, but in annual quarters, says Shivanand Kanavi.
President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political, economic and foreign policy road map of the Narendra Modi government and covers virtually all crucial areas.
'Our approach to India is no different from the approach that we have made in India over the years, recognising its non-aligned status. That's their decision; we're not trying to change that. We have common interests, and we have actually built on those common interests... We think there's more potential to build on those common interests.' 'Security, stability, freedom of sea lanes, economic development, energy, all those are certainly in the interest of India and the region, as they are to the United States.' The transcript of US Secretary of Defence Chuck Hagel's interaction with reporters travelling with him hours before he landed in New Delhi on Friday on a three-day visit to India.
A sensational interview on India-China ties, with the man most qualified to answer.
'The real test will be in defence-related deals, for instance the Javelin anti-tank missile: Is the US willing to co-develop something with India, on terms that will support the 'Make in India' initiative? Is there defence technology transfer? Or will it dump old junk on India?' asks Rajeev Srinivasan.
Sree Sreenivasan recalls his encounters with the pioneer of sound who passed away on Friday and gives a sense of how many lives he touched -- in big and small ways.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
