With liquidity crunch hitting operations, many finance companies have put the brakes on sanctions in the third quarter in the aftermath of the IL&FS crisis.
Oil-to-telecom conglomerate Reliance Industries (RIL) has emerged as the country's largest wealth creator, adding a staggering Rs 9.6 trillion over the past five years, according to Motilal Oswal's 26th Annual Wealth Creation Study. In doing so, the Mukesh Ambani-led company has beaten its own record of Rs 5.6 trillion generated in 2014-19. The study covered financial year 2015-16 (FY16) to FY21 and ranks the top 100 companies in descending order of absolute wealth created, subject to the company's stock price outperforming the BSE Sensex. The firms were also ranked according to speed (price CAGR during the period).
North Korea made its decision to pull out of Tokyo at a meeting of its Olympic committee and Sports Minister Kim Il Guk on March 25, the ministry said on its website.
Deloitte India would not provide non-audit services to all listed companies and other entities where public money is involved such as banks and insurance companies, if they are its audit clients.
Nothing is beyond him as Sachin Tendulkar proved when Yuvraj Singh sent him an online 'Keep it up' challenge using the edge of the bat.
The defender is currently in his final year at the St George's British International School in Rome, which is close to Lazio's training ground near Formello.
A Korean couple and a retired Army Major General were among 310 people rescued by Chandigarh-based 12 Wing of the Indian Air Force, which has been conducting non-stop sorties during the past three days to evacuate people from flooded areas of Srinagar.
Stemming from the default of IL&FS in September, on various debt instruments including commercial papers, bonds and loans, the financial sector has been facing a liquidity crunch for the last eight to ten weeks.
In yet another move to close the regulatory gap between banks and shadow banks, the Reserve Bank of India (RBI) has mandated exposure limits to the non-banking finance companies, in line with commercial banks. In the large exposure framework released on Tuesday, the regulator capped aggregrate exposure of NBFCs which are in the upper layer toward one entity at 20 per cent of capital base. The limit can only be extended by another 5% with board's approval. For a particular borrower group, the cap is at 25 per cent, with additional 10 per cent if exposure is towards infrastructure.
It can be noted that ever since Satyam Computers scandal came out in January 2009, the audit world, especially the Big Four, have been under fire from the regulators.
The Kaesong lockdown is the first such known measure taken in a North Korean city to stem the pandemic.
'Yes, I do have a very good idea but I can't talk about it now. I just wish him well'
Investors should take limited exposure in credit risk funds.
NCW data show a noticeable rise in sexual harassment at the workplace.
CNN cameras go inside the secretive nation to places few outsiders have ever seen.
Reacting to the ED's summons to Raj, his estranged cousin and Shiv Sena chief Uddhav Thackeray, in an intriguing comment, said he did not expect any 'solid outcome'.
The Indian Air Force is expected to fly an IL-76 aircraft, which can ferry 300 people, to Libya on Thursday to evacuate Indian citizens stranded there. "An IL-76 is at the Palam airport and is expected to fly out to Cairo on Thursday morning on its way to Libya," IAF officials said. However, the destination of the aircraft is not being disclosed keeping in mind the safety of the evacuees, they added.
The US has deployed its naval carrier strike group, led by the nuclear-powered aircraft carrier USS Ronald Reagan, as well as a fleet of F-18 fighter jets and E-2C Hawkeye all-weather aircraft for the exercise, officials said. The Indian assets at the exercise included Jaguar and Sukhoi-30MKI fighter jets, IL-78 air-to-air refuelling tanker aircraft, Airborne Warning and Control System aircraft and warships Kochi and Teg. The Indian Navy has also deployed a fleet of P8I maritime surveillance aircraft and MiG 29K jets, apart from other platforms.
There has been a considerable drop in India's dependence on arms and equipment from Russia but the Indian military cannot operate effectively without Russian-supplied equipment and will continue to rely on its weapons systems in the near and middle terms, a Congressional Research Service report has said.
The move is aimed at protecting investors from parking their money in dubious schemes.
Both the debt and equity markets have seen sharp volatility in recent months.
We are planning to introduce brand the E*TRADE in India in the first half of 2008. There is huge scope for internet trading in the country because of the growing internet penetration, large population of net savvy professionals and fast growth of business process outsourcing.
More and more PE players are willing to test the waters now, just in case they become early entrants in a future booming business.
The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
Many developers are facing financial challenges after the IL&FS defaults, after which non-banking finance companies - the major financiers to real estate firms - slowed disbursals.
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
Equity flows have been under pressure since the second half of 2018, after the IL&FS crisis sent shockwaves in both equity and debt markets.
Operator syndicate could be behind stock hammering, suspects regulator.
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
Market-linked products have been driving the growth of private insurers for some time now. But, the market volatility has forced the companies to re-think their strategies, reports Subrata Panda.
While lenders create a hype around the services offered on digital platforms, customers think otherwise, given that frustration due to the quality of service has only increased, over the years.
Close-ended equity funds, launched with fanfare three years ago, have disappointed investors with their dull returns. The data from Value Research shows 10 out of 17 close-ended schemes maturing before July have seen one-year returns between 34 and 40 per cent. In comparison, the Sensex Total Return Index (TRI) has rallied 46 per cent over the past one year.
'North Korea could choose to go China's way by selectively opening up the economy, but Kim does not seem enthused by the idea.' 'Getting Pyongyang to give up the nuclear programme may be the best outcome Trump can hope for at the moment,' says Vikram Johri.
The Tour de France has been postponed to August 29-September 20 due to the novel coronavirus pandemic, the International Cycling Union (UCI) said on Wednesday. French president Emmanuel Macron said on Monday that no public event would take place in the country until mid-July as part of measures to contain the coronavirus outbreak, which has infected over two million people worldwide.
An additional factor spurring the FMP launches is MFs' desire to retain investors as many such offerings are set to mature over the next two months.
The Polish player was driving through the Varcaturo district of Naples at around 2 am when the motorbike blocked the road and forced him to stop, the report said.
Continuing its aid to cyclone-affected Myanmar and quake-hit China, India will fly out three aircraft with relief materials to the two neighbouring countries this week. An Indian Air Force's heavylift fixed wing IL-76 aircraft will leave for Yangon on Wednesday. This will be the sixth IL-76 flight to Myanmar.Till date, the IAF has flown over 15 mercy missions and carried over 300 tonnes of medicines, tents, water, wheelchairs, portable houses and other relief material.
