Online cab network company Ola has launched the 'Road to Gold' campaign under which its customers can contribute a sum of Re.1 per ride across the over 110 cities it operates in, a press release stated.
PE funds say they have enough money to buy two or three of the indebted companies and the issue is not cash but the management bandwidth to turn them around.
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
The cricket icon is a co-owner of the Chennai franchise, one of the new teams added to the sport league
From India, Reliance Industries is the only one in the overall top-200 list and is followed by HDFC Bank at 209th, ONGC at 220th, Indian Oil at 288th and HDFC Ltd at 332nd place.
With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
Construction major Larsen & Toubro invested $160.80 million in its wholly owned unit in the United Arab Emirates for business in financial services.
Among other major companies, Cox & Kings made a total investment of $39.95 million in four different WOS situated in Hong Kong, Singapore and the UK.
Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12.
Abhinav Bindra backed Nikhat Zareen's demand for a trial bout against the six-time World champion before India's squad for next year's Olympic Qualifiers is decided.
'Will tell BFI to decide what's best for nation'
Summary of sports events and persons who made news on Wednesday
Gujarat, Telangana to roll out policies to encourage manufacturing
The projects coming up in Bihar, Jharkhand and Odisha will together add 16,000 MW capacity to country's power generation.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase.
Anil Agarwal breaks into big three; Anil Ambani group out of top 10; Essar, Adani lose out to JSW, Shiv Nadar & Motherson Sumi
The NSE 50-share index, after moving between 10,572.20 and 10,546.20, ended at 10,565.30, up 39.10 points, or 0.37 per cent.
18-year old Javelin thrower Neeraj Chopra had recently scripted history by becoming the first Indian athlete to become a world champion at any level when he won a gold medal at the U-20 World Championships in Bydgoszcz, Poland on July 23. His 86.48m effort brought India's first World record and the country's first-ever gold in any World athletics championships. An attempt at a wild card entry into 2016 Rio Olympics didn't materialize and Chopra will now be one of India's top medal hopes at the 2020 Tokyo Olympics.
The profitability of industry is under stress and needs to be addressed by encouraging investments in the supply side infrastructure.
'All I am saying is just give me a chance. It is my dream to compete in the Olympics too.'
'I am not saying let me go to the Olympics. I am asking for a fair chance for a trial.'
'All these years I have been training for what? What is the point if I cannot compete?'
Rediff readers tell us about their first salary.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
Indian firms raised the money via external commercial borrowings.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
The trading firm is under pressure from lenders to raise funds.
The steel sector, which has spent a lot of money to tap the automobile segment, is nervous on its investments.
The government on Monday decided to deallocate one more mine - Gourangdih ABC-- jointly given to JSW Steel and Himachal Emerging Markets Trade Association besides deduction of bank guarantees of two allottees for failing to develop mines within time.
India's biggest firm, Reliance Industries, has decided to cut salaries by 10 per cent in its oil and refining divisions. Several smaller companies like Kajaria Ceramics have followed suit with cuts as high as 40 per cent for those earning more than Rs 50 lakh.
It is not the lack of skills and poor education institutes, but the lack of passion to learn and poor choices that is holding India's young grads back.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.
Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore (Rs 44.60 billion).
The brokerage said it expected corporate earnings to turn around.
While fuel costs have risen 20%, prices of finished output have fallen
Chelsea playmaker Eden Hazard says it "would be a dream" to play under French great and current Real Madrid manager Zinedine Zidane in the future.
The delay will increase the provisioning burden on lenders and will also postpone the benefit of reversal of money set aside as provisions.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Indian boxer Vikas Krishan Yadav is setting his eyes on a gold medal in the third Olympics of his life in Tokyo
