Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
New SDR norms allow promoters to manage debt-laden firms.
Corporates' forex borrowings have grown at a CAGR of 15.6% since 2008.
In 2013-14, India became the third-largest contributor to Vodafone Group's service revenue and operating free cash flow.
The country imported 9.31 million tonnes (mt) of steel in FY15.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
'He selects certain portfolios that he has personal interest in, and he does not give them to a senior leader. The responsibility is given to a junior minister who then directly reports to Modi or to the small team of bureaucrats working with Modi.' 'I noticed this first in Gujarat where Modi worked mainly with two ministers, Saurabh Patel and Amit Shah,' says Aakar Patel.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Since the US, the second biggest emitter of greenhouse gases after China, has shifted in a major way to shale gas, the focus of global environmentalists' ire has fallen on India, which is the third biggest emitter, reports Darryl D'Monte.
Malls, retail stores are being hit by online sales and are struggling this festive season.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
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