The government has made it much harder for tycoons to get special dispensations from Delhi
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel's acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of Electrosteel Steels.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
The Delhi Police on February 20 arrested five corporate executives.
Transparency is more than welcome, but govt should not look vindictive.
'Adivasis are a critical national treasure, so we need to protect them.' 'The fight for the tribals of Chhattisgarh needs people from all political parties. It cannot be about any single political group.'
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
Granted 6-month relief, subject to interim payments and guarantee, on Rs 3,700-cr demand for alleged transfer pricing in FY09.
APAs are part of govt's aim to move to a non-adversarial tax regime.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
'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.
Indian billionaires do not believe in sitting on their wealth.
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago
Almost every home in this area has a slogan 'Jal, Jangal, Jameen' painted outside. Rashme Sehgal reports for Rediff.com on the four-year battle to save the Mahan forest in Madhya Pradesh.
In 2013-14, India became the third-largest contributor to Vodafone Group's service revenue and operating free cash flow.
Corporates' forex borrowings have grown at a CAGR of 15.6% since 2008.
'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.
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
With facts and figures, the CAG report has highlighted how Gujarat was far from a role model for states across India, and that the progress made in this province in western India in improving agriculture, education, healthcare and empowerment of women and children, was not exactly creditable, says Paranjoy Guha Thakurta.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Inter-ministerial group to meet on Thursday to finalise model concession pact.
New SDR norms allow promoters to manage debt-laden firms.
During campaigning, P Chidambaram has been addressing villagers, explaining his efforts to improve life in the constituency and blaming the state government for not supporting him. He has also been introducing his son in the 10 villages across 250 km.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
'One lesson to emerge out of the Modi-Putin summit is that India can be more self-confident that it possesses inherent strengths to leverage its interlocutors to influence Pakistani policies,' says Ambassador M K Bhadrakumar.
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.
The country imported 9.31 million tonnes (mt) of steel in FY15.
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.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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