Banks are set to sell dud-loans worth Rs 90,000 crore of 22 firms in the first tranche to the National Asset Reconstruction Company (NARCL). It's reason for cheer given that such sales to asset reconstruction companies (ARCs) have been poor in recent times. In fiscal 2020, their assets under management (AUM) contracted by 4 per cent; and in fiscal 2021, it fell by another 100 basis points to Rs 1.07 trillion. So, why are we where we are?
The fourth day of questioning was deferred from June 17 to this day after Gandhi requested the agency for postponing the session as he wanted to be with his mother and Congress president Sonia Gandhi in hospital, where she is admitted for post-Covid issues.
She left the agency's office in central Delhi just before 7 pm on Tuesday after recording her statement.
Singer-composer Bappi Lahiri, who popularised disco music in India in the 1980s and 1990s, has died following multiple health issues. He was 69.
The Centre had earlier the apex court that the ex-gratia compensation of Rs 4 lakh cannot be paid to the families of those who have died of COVID-19 as the finances of state governments and the Centre are under severe strain.
Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global Management and Softbank to end up with a significant majority holding
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
While agency sources informed that Gandhi recorded his statement and checked its transcript minutely, Congress leaders said the investigators took multiple breaks during his questioning
The Supreme Court on Wednesday pulled up state governments for failing to disburse claims to the next of kin of COVID-19 victims, and issued a show cause notice to the Andhra Pradesh chief secretary as to why contempt action be not initiated against him.
Two separate suicide notes were recovered. They said that the CBI raid caused them (the family) great humiliation in the society.
The Congresshas announced a three-phased campaign, "Mehngai-mukt Bharat Abhiyaan".
Flipkart co-founders Sachin Bansal and Binny Bansal, who were ranked 86th last year dropped out of the list
The complainant accused Kejriwal and his brother-in-law of indulging in corruption.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Prime Minister Narendra Modi on Thursday laid the foundation stone for the Noida International Airport at Jewar in Uttar Pradesh. It will be one of the largest aerodromes in Asia.
Five founders of e-commerce start-ups, four of them Bansals, say they had alternative ambitions chalked out.
Myntra founder Mukesh Bansal takes over as marketing chief.
For the post of deputy chief minister, the names of Swatantra Dev Singh, Baby Rani Maurya, Brijesh Pathak and Keshav Prasad Maurya are in talks.
Management campuses are expecting the rise in pre-placement offers to ease the final placement process.
'In two years there will be consolidation. Look at the Indian brands now. Only three of us are surviving, many others have died. What will differentiate us are two things -- timing of our launches in the market and the communication to the consumer," Narendra Bansal, CMD of Intex, tells Arnab Dutta.
JM Financial, Axis Bank, and Bank of America have been roped in as the bankers to run the mandate, say sources.
In an online chat, career counsellor Amit Bansal shared crucial career advice with readers on how to pick the right stream and college to study engineering.
The start-up, which has invested $100 million over the past eight years, sells 50 million products.
By switching to simpler alternatives, you can make Diwali enjoyable for all.
Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow
They are witnessing, or anticipating, a double-digit growth in job offers over the same period last year.
Re-rating of Bharat Petroleum Corporation, Container Corporation, Shipping Corporation, SAIL, and Hindustan Copper, for which the government has already shown intent to divest its stake, possible now, say analysts.
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, civil aviation secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.
Sidhu backed his wife saying 'she would never lie', while the CM said she refused to contest from Amritsar.
After raising $2.5 billion from SoftBank's Masayoshi Son and his Vision Fund, Sachin Bansal and Binny Bansal are back in the driving seat at Flipkart, the company they founded over a decade ago.
The Enforcement Directorate on Thursday questioned Congress chief Sonia Gandhi in a money laundering case related to the National Herald newspaper and summoned her for a second round of questioning in the case on July 25.
Those who denounced the letter writers in the "Group of 23" like Nirmal Khatri and Naseeb Pathan have interestingly found places in the panels announced by Gandhi on Sunday evening.
Flipkart co-founder Sachin Bansal on Friday took pot shots at Snapdeal saying India should not be blamed for the latter's failure to hire "great engineers".
Technology start-ups that got listed in the last few quarters reported a hit to their December-quarter (Q3FY22) profitability due to higher marketing and employee costs. While fintech firms Paytm and PB Fintech saw their losses widen by 45 per cent year-on-year (YoY) to Rs 778 crore and 55 per cent to Rs 295 crore, respectively, food delivery company Zomato remained in the red despite narrowing its net loss by 81 per cent to Rs 66 crore. Meanwhile, online fashion and beauty products seller Nykaa saw its net profit drop 59 per cent to Rs 28 crore in Q3FY22.
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.
Congress leader Rahul Gandhi was questioned for over eight hours by the Enforcement Directorate for the second consecutive day in the National Herald money-laundering probe and was again summoned on Wednesday, even as the opposition party continued its protests and sparred with the BJP, accusing it of conspiring to defame the Gandhi family through the ''false'' case.
Amit Bansal discusses the emerging trends in the engineering sector.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
