Formula One boss Bernie Ecclestone on Thursday asserted that the troubled Indian Grand Prix has run out of time for a 2015 return and its organisers must settle the contractual obligations for a possible comeback in 2016.
NHAI to pay only Rs 175-200 cr as it takes over from concessionaire
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
MotoGP, the pinnacle of two-wheel racing, could come to India in the winter of 2023 if all goes ahead as planned, providing a massive boost to the stagnant motorsport scene in the country.
The Madhya Pradesh government on Tuesday tabled a bill that would make it difficult to file "irritating" litigation against a single person.
The Duncans Goenka group is in a spot of bother over the death of workers and non-payment of dues to employees.
To tackle increasing demand, the Union Ministry of Power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that are undergoing insolvency proceedings. The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply. Increasing demand is pushing states to scout for more power sources. "It is requested that state-owned gencos may be encouraged to participate in the corporate insolvency resolution process (CIRP) of stressed power assets, which are of strategic and commercial significance to the capacity addition plans of the states concerned.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
His comment on India did not go down well with some of his fans and he took to social media to justify what he said.
Former FMSCI chief Vicky Chandhok on Monday severely criticised the governing body's current regime.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
Vrde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years
Real estate developers are sitting on around 7.85 lakh unsold housing units across eight major cities and it will take them 32 months to clear these stocks at current sales velocity, according to PropTiger. However, in Delhi-NCR residential market -- which has been adversely impacted due to defaults of many big builders like Amrapali, Jaypee Infratech and Unitech -- it will take 62 months to sell over 1 lakh unsold housing units. Housing brokerage firm PropTiger.com data showed that unsold housing inventory has increased to 7,85,260 units as on September 30, 2022 from 763,650 unsold units at the end of previous quarter.
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
With empty stands greeting the Indian F1 Grand Prix during the first two practice session, Raja Sen begs the organisers to open the gates and bring in the junta. 'At least, Formula One will feel compelled to bring its mega budget circus back to India at the soonest'.
Thousands of homeowners across housing projects owned by Jaypee Infratech and the Amrapali Group are running out of options. Jaypee Infratech and Amrapali are among the 12 big corporate loan defaulters against which the RBI has ordered initiation of insolvency proceedings.
Its proximity to popular tourist destinations like Agra, which attracts 45 per cent of the international passenger traffic at IGI, could be diverted to Jewar.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Experts say the move will make matters worse for buyers, reports Karan Choudhury.
F1 CEO and chairman Chase Carey reiterated that Asia is a "tremendously" important region for the sport and India figures in their scheme of things for the future, if not now, with the calendar already packed till next year.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
He supervised and handled several major big ticket insolvency cases that includes Essar Steel, Bhushan Power & Steel, Bhushan Steel, Jaypee Infratech, ElectroSteel Steel, Binani Cement, Reliance Communications.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
The two nations share a problem of corporate debt gone bad that is so large and opaque.
The Indian Formula One Grand Prix is expected to return in 2016 as a "fruitful" meeting between F1 boss Bernie Ecclestone and race promoters has prepared the ground for the comeback of the high-profile event.
Anjali Ryot was killed along with another German tourist on Wednesday night in the crossfire, californianewstimes.com news portal reported.
Infra major's entry could queer the pitch for Jaypee and Hindustan Semiconductor.
For debt-laden companies, asset sales is an obvious solution.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Delhi Waveriders started their campaign on a winning note, defeating Jaypee Punjab Warriors 2-1 in the opening match of the inaugural Hockey India league, at the Major Dhyan Chand stadium, in Delhi, on Monday.
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.
For the past few weeks, the government has been in an overdrive, pushing stuck projects with the larger aim to improve the country's economic growth, which had fallen to a four-year low of 4.4 per cent in the first quarter of this financial year.
LCD displays could be produced in India in the near future.
These are companies with a strong track record and good prospects on earnings.
Private sector giants Reliance Energy, Torrent Power, Jaiprakash Group and L&T are among the companies that have bid for setting up hydro power plants in Himachal Pradesh.\n\n
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