'We are hoping by March, the government allows us to export and give it to the private market.'
'But Russia is well aware of Pakistan's nuisance power on its border.'
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The anger against land acquisition is not only among landowners.
The country's largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
Prime Minister Narendra Modi promised a conducive environment for manufacturers, including a discrimination-free tax system
In the past four months, $7.5 billion has flowed back into domestic stocks, helping the benchmark indices bounce back more than 40 per cent from their 2020 lows.
Property buyers fund the project cost and the entire debt and entire equity servicing, and yet, have no locus standi in the IBC process, points out Debashis Basu.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Poor land-use planning, indiscriminate approvals of building plans and the absence of disaster-risk assessment in urban design have resulted in what experts term concentrated concretization, predisposing cities to disaster risks
Take an education loan. Encourage them to freelance while studying.
Amid improving fundamentals, the bank is keen to double the corpus over the next year and a half, said a senior official.
The Institute welcomes the proposal relating to LLP for not charging capital gain tax on conversion of general partnership firm into LLP.
'Nothing will stop India's top three-four corporates who have become aggressive players in the agri-markets after Modi came to power from acting in concert to drive down at will the prices at which they buy from farmers.' 'These corporate houses have the wherewithal to purchase all the farm produce at low prices and store them for a long period of time.' 'Once the harvest season is over they will sell the same produce at higher prices.'
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
Prime Minister Narendra Modi is addressing the nation for the seventh time from the ramparts of the Red Fort on Independence Day on Saturday and it will be his second speech of the second term in office.
How much will the banks' bad assets grow in March? It could be anywhere between Rs 1.2 trillion and Rs 2 trillion, observes Tamal Bandyopadhyay.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
Use of blockchain technology will ensure that banks will not be blindsided like in the case of the Nirav Modi-Mehul Choksi blowout at PNB, says Raghu Mohan.
The Supreme Court on Thursday ordered the reinstatement of a former Madhya Pradesh woman judicial officer, who resigned in 2014 following an inquiry into her allegations of sexual harassment against a high court judge, saying her resignation cannot be construed to be voluntary.
Air India pilots and crew often play musical chairs, leading to a substantial revenue loss for the airline in an inefficiently managed set-up
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
Woefully inadequate infrastructure is just one of the many reasons why a case is not settled within 180 days and even 270 days as envisaged by the law, says Tamal Bandyopadhyay.
Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter
SP leader Akhilesh Yadav reacted quickly to the allegation, tweeting that the red caps are a 'red alert' for the Bharatiya Janata Party itself as they will oust that party from power.
The BJP's manifesto speaks about the Prime Minister's vision of making 'Atmanirbhar Bihar'.
Investments into domestic shares through participatory notes (P-Notes) surged to the highest level in more than six-and-half years at Rs 2.65 lakh crore (about $43 billion) in October.
Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.
Mumbai's Bandra Kurla Complex moved down from 18th to 19th position.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
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.
Niraj Bhatt discovers how a CFO 'without a finance background' made it to the corner office at TCS.
P-Notes are mostly used by overseas HNIs.
The bank will have around 501 branches.
The combined weight of IT companies in the benchmark Nifty 50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market.
'For the government, statehood is one of the end-points of the journey. A vast distance has to be traversed to reach there. There are many turns on the road, some resting points, and possibly, many cul-de-sacs.'
National carrier Air India is running in losses and needs government's attention.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
