Sources said a few other lenders were also contemplating a move to declare both Kingfisher Airlines and UBHL wilful defaulters.
Civil Aviation Minister Ashok Gajapathi Raju said the airlines have been responsible in keeping fares reasonable during Chennai and Srinagar floods.
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
Time is running out for a hapless UPA govt over the Telangana bill, and the latest observation by the Rajya Sabha secretariat -- that the bill has financial implications and so must be introduced and passed in the Lok Sabha first -- has only worsened the crisis for the ruling alliance. Anita Katyal reports.
Mauritius wanted extension of the benefits limitation clause in India's treaty with Singapore, which we were quite willing to extend, for our price
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
BRICS has no plans to form a military and political alliance, Russian President Vladimir Putin said on Wednesday, in an apparent effort to allay apprehensions of the West.
India can attract significant FDI, says experts.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
'At this point, it does not appear to be a Lehman Brothers kind of crisis, which had a domino effect on the financial system.'
News of all that's transpired on and off the football field
Siddaramaiah said he was not unhappy about the Congress-JD(S) coalition as was being projected, and there was no doubt about the stability of the government.
A summary of sports events and sports persons, who made news on Tuesday
When on October 24, the Supreme Court, on a petition moved by the government, ordered payment of past dues according to its new definition of AGR, the country's second-biggest carrier Vodafone-Idea Ltd warned of shut down if no relief is given. The total dues for the industry ran into a whopping Rs 1.47 lakh crore. For an industry that has come from 7-8 operators to just three private players and state-owned fourth operator, the warning by Vodafone-Idea sounded like a death knell.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
Richard Clarida's recent paper could be key for policymakers in deciding whether India should move to an 'inflation targeting policy regime', says Vivek Dehejia.
The lawyers also gave detailed responses to specific issues raised in the PAG.
Wikileaks founder Julian Assange, holed up in Ecuadorian embassy in London for more than a year, on Thursday launched his political party in Australia to contest the general elections later this year.
The Left parties said they have come together to provide an option to the public to provide "people's rule" in the true sense.
While brick-and-mortar retailers have been the most vocal in their protests, e-tailers do not seem to be in a hurry.
The RBI has this year cut interest rates by 110 basis points in four instalments but banks have passed only a part of it to borrowers. Before the last reduction earlier this month of 35 basis points, the bank on an average had passed only 29 basis points out of 75 basis points cut affected during 2019.
Increasing migration to cities and urbanisation along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, according to assurance, tax and advisory firm Grant Thornton.
It accounted for over a third of foreign direct investment flows into India between 2000 and 2015
Taking serious note of the rampant corruption in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act in Uttar Pradesh, the Lucknow bench of Allahabad high court on Friday ordered a Central Bureau of Investogation probe into the alleged large scale financial bungling brought to its notice through a public interest litigation, moved by local journalist Sachchidanand Gupta .
While asserting that the growth of coronavirus cases in the country has been more or less linear and not exponential, it also said testing has been ramped up consistently.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
The government is in no mood to buy the privacy and security argument pitched by WhatsApp, whereas the American firm says traceability will undermine end-to-end encryption and the private nature of the app, creating potential for serious abuse.
A glance back at some important events that occurred in 2018.
Knowing these will save you from taking undue risks, losses and also create wealth in the long run, says Dwaipayan Bose.
IndiGo's situation points to a deeper malaise where skill shortage can challenge India's status as the fastest-growing aviation market, say experts.
Banned for life from India's cricket establishment, a beleagured former IPL boss Lalit Modi is not ready to throw in the towel yet.
Consensus seems a problem before the current session of Parliament ends.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force.
Vadra is expected to be questioned again on either Friday or Saturday.
The new numbers show India's economic growth rate averaged 6.7 per cent during the Congress-led United Progressive Alliance regime as compared to 7.3 per cent under the present government. Previous numbers had put the average growth rate during the 10-year UPA rule at 7.75 per cent.
Few in Zimbabwe dared to anger 'Gucci Grace' as Grace Mugabe was called. Robert Mugabe's wife was ruthless and terrifying, and her ambition clearly provoked the army's coup on Wednesday.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
One may now not have to wait to get their insurance claims redressed.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances