A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
The central bank has been intervening in the foreign exchange market by buying dollars, and this is capping the rupee's gains.
Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
Inviting private sector in Indian Railways is a good idea.
The ED is contemplating a special audit of the account in the backdrop of rating agencies downgrading various debt papers of IL&FS.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
China's economy is in transition, with rising wage costs and massive overcapacity.
International Finance Corporation plans to increase its investment to $1.0 billion this year in Indian companies, mostly engaged in manufacturing, infrastructure and financial sectors.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Assocham said even if an investment revival were to happen, it would be a time lag of at least 18 months before it reflects in the manufacturing sector.
Low oil prices also means effectively transfer of wealth from the producing nations to the consuming nations
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
Naik is passionate about protecting India's manufacturing sector from the onslaught of Chinese imports.
IMF attributes the slower growth rate to supply-side bottlenecks.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
NDA government has shunned populism.
Indian economy is likely to expand at close to 9 per cent this fiscal and the government may take more steps such as relaxing norms for infrastructure companies to raise funds abroad for sustaining high growth, Finance Minister P Chidambaram said on Monday. Chidambaram said India needs to raise investment in infrastructure from the current level of five per cent of GDP to nine per cent of GDP over the next five years.
Corporates understand that the PMO drives all key decisions in this government.
IRFC, NHAI, Hudco and others to hit the market in next few months.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
The report found that only 20 per cent of companies supported programmes that aimed to change the behaviour of individuals despite its critical role in eliminating open defecation.
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Infosys will develop software for managing the kumbh mela scheduled in Ujjain (Madhya Pradesh) in 2016, he told PTI in an interview.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Make in India needs policy support for access to markets.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
Fifteen months after taking power, Modi's credibility as an economic manager is on the line.
With their balance sheets under stress, private companies have lost interest in them.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Iran's decision to keep India out and welcome China to the scene is a huge strategic setback for India, observes Dr Rajaram Panda.
Adapting to an inevitable digital intervention is India's only hope at beating a long-standing job crisis. To do so, focus on quality education and better skill development is fundamental, says Dr Yogesh Kumar Bhatt.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
