They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
Vikram Bakshi on Friday offered to sell his 50 per cent stake in Connaught Plaza Restaurants, the joint venture with McDonald's that operates fast-food restaurants in north and east India, for Rs 1,800 crore (Rs 18 billion).
Banks put the airline's trademarks including Kingfisher logo and the once-famous tag-line 'Fly the Good Times' on the block
Consumers are set to gain from discounts.
Prospective bidders had earlier termed the reserve price as too high, while multiple legal woes of Mallya-led UB Group are also being cited by many as reasons for lack of interest in buying this property
Vikram Bakshi, the estranged partner of fast-food chain McDonald's, will seek reinstatement as managing director of the 50:50 joint venture Connaught Plaza Restaurants, with a plea to the Company Law Board seeking the 'deadlock' in the August 6 board meeting be resolved.
The Tata Group had acquired its UK steel operations as part of a 6.7 billion pounds acquisition from Anglo-Dutch steelmaker Corus in 2009.
Sequoia Capital might emerge as leading global investor in start-up space in the country, as funds from other sources dry up.
The study draws attention to the contribution of the Indian industry
A recent survey done by indianboards.com suggests that around 283 directors will retire by October this year.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
Bakshi rejects McDonald's proposal to buy his stake in JV for Rs 48-50 crore
Experts say the move will make matters worse for buyers, reports Karan Choudhury.
Under political fire and ecologists' ire, the group hires Suhel Seth, who will work closely with the promoters and the social media, corporate communications and external public relations team.
Analysts say consumers would be the real winners.
Experts said the new framework has ensured that the focus has moved to creditor protection from debtor protection.
Flipkart might consider Singapore, too, as listing norms aren't very strict.
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
Many consumer good companies say they will pass on the benefits to consumers, which will bring down prices.
With a string of deals with telecom service providers, DTH operators and Bollywood stars, Netflix goes all out to protect its turf in India and fend off competition, says Viveat Pinto.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
Tax department sends notices saying they are liable to pay MAT.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
Before buying property, please carefully study the agreement with the builder, advises Sanjay Kumar Singh.
Decoding four important provisions in the Finance Bill 2018.
Goods like chocolates, chewing gum, shampoo, deodorant, shoe polish, detergents, nutrition drinks and marble will now attract 18% GST>
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
The new law would boost home buyer confidence as well as investment in the realty sector.
In September, Sebi had given a six-month extension to companies.
Bharat Biotech started work on developing a vaccine against Zika way back in 2014.
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Second hand goods are catching up with customers on renown shopping websites.
Compared to their Indian peers, MNCs have higher return ratios.
His plan revolves around new products, a renewed thrust on exports and some serious cost savings
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