All real estate developers may not be able to avail the benefit of Reserve Bank of India's one-time restructuring scheme as they might not meet the required financial ratios and have the necessary credit rating, HDFC vice chairman and CEO Keki Mistry said. He was speaking at a real estate and infrastructure investor summit organised by Naredco. "Restructuring may not necessarily help every developer because not too many will be able to meet the criteria laid down in terms of meeting the various ratios and getting credit ratings," Mistry said.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
They are the team's leading performers, but Lokesh Rahul and Chris Gayle's batting in the Powerplay overs was one of the "massive problems", opined Kings XI Punjab skipper Ravichandran Ashwin after team failed to make it to the play-offs in Season 12 of the Indian Premier League.
'The DMK may get a little more than 50% of the minority vote.' 'The AIADMK always gets over 10% of the minority vote.'
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
Salman Khan's big Eid release Tubelight is also a major loser.
Hena Mehta will answer Your Questions on personal finance on a weekly basis. Please mail your questions to getahead@rediff.co.in with the subject line 'Personal Finance Query' along with your name and Hena will offer his helpful advice.
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
With six airports handed over to the Adani group for 50 years, the government is now all set to hand over another 25 airports to private players in a bid to 'monetise' them. Official figures reveal that since 2017-18, the government has spent and will be spending Rs 14,500 crore on significantly revamping infrastructure at most of these airports before handing them over to private players. The Airports Authority of India (AAI), which operates these airports for the government, has spent billions of rupees in building new terminal buildings, runways, reinforcing taxiways, upgrading aircraft landing systems, radars and a host of other heavy duty and capital intensive infrastructure works.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, tells Puneet Wadhwa that with Moody's upgrading India's sovereign rating and earnings growth coming back, the country will remain a hot destination for foreign investors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
It was a year of big gains for equity investors.
Lalan Kumar Paswan, who lodged the FIR with the vigilance department, held that the RJD chief's alleged act was tantamount to 'corruption' since, as a member of the legislative assembly, he was a 'public servant' whom Yadav had tried to entice away from 'performing the constitutional obligation of taking part in voting in the House'.
A terrific raiding performance by England saw them record a comfortable 68-28 win over Argentina in the Group A clash of the Kabaddi World Cup at the The Arena by TransStadia` in Ahmedabad on Friday.
Prime Minister Narendra Modi turned 70 on Thursday, and wishes poured in from top dignitaries, including the President and Vice President, Union ministers and leaders from across the political divide. The Bharatiya Janata Party is organising a number of events, mainly aimed at public service, across the country to celebrate Modi's birthday as 'Sewa Divas'.
Morgan Stanley says the Indian market's performance would depend on policy action.
Meel Patthar is, both by theme and design, a tragedy of inertia, observes Rohit Satish Nair.
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 upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
Eight of the 30 companies in the BSE Sensex that shared data reported 99 fatalities in 2016-17 against 86 in the previous year. These lives were lost due to industrial accidents at manufacturing facilities. Fatalities owing to road accidents were excluded from the count.
'From the investor's point of view, a real change would happen only when business environment in all our states qualitatively improves,' says NITI Aayog Vice-Chairman Rajiv Kumar.
These consistent performers are expected to maintain momentum.
If the states do not chip in with better governance procedures in the setting up of new businesses, providing electricity connections, enforcing contracts, issuing construction permits or registering property, there is little the Centre can do on its own to quickly move India up the index on ease of doing business, says A K Bhattacharya.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
ONGC was the top performer while private banking major ICICI Bank extended gains
If you default, it will affect your credit score and your career.
SBI has been reeling under a mountain of bad loans for the past few years as the key sectors in the economy are faltering.
Gandhi, who is on a whirlwind two-day tour of Kerala as part of Lok Sabha poll campaign and is contesting from Wayanad besides his family bastion Amethi, took time off his hectic schedule to pay obeisance at the famed Thirunelli temple near the stream.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
In less than an hour, seven of the top 10 India trends were fuelled by wishes pouring in for Prime Minister Modi from different quarters.
The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
