The recommendations of the 6th Pay Commission, if implemented by the Central government, could result in major negative impact for the fiscal position of the country, though it could be positive for consumption, according to a leading investment banker. The review said assuming the 6th Pay Commission's recommendations were implemented fully, "we judge the impact on the economy should not be as negative this time round". Impact of 5th pay commission was unambiguously negative.
The bankruptcy filings count ballooned 33.3 per cent to 1,202,503 for the 12-month period ending March 31, 2008. In the comparable period, the same stood at 9,01,927, the statistics from the Administrative Office of the US Courts showed.
Three of this year's bankrupt companies -- GM, Chrysler and Thornburg Mortgage -- have found place among the 10 biggest ever bankruptcies in the American history.
'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.
Banks completed a full circle in 2008, as famed lenders from New York to Tokyo turned beggars who lined up for bailouts from their respective governments.
The FTSEurofirst was on course for its worst one-day per centage fall since it slumped more than 7 per cent in October 2008
Though the family controls and runs DLF, CFO Ramesh Sanka is said to be playing a key role in mapping the group's future strategy -- including the move to, now, construct lower-cost housing.
We plowed through the financials of thousands of privately held companies to find the next pockets of trouble.
How to avoid getting the boot when layoffs loom.
'Banks are being encouraged to lend instead of parking their resources with the RBI and earn risk-free interest income,' points out Tamal Bandyopadhyay.
Industry bigwigs and corporate heavyweights have been scurrying to get the best students for themselves. Naturally, salaries are headed north.
Residents in these 10 spots are experiencing the most economic upheaval.
With a market share of 16.6 per cent in mergers and acquisitions and 14.2 per cent in fund raising through the equity route, the investment banking arm of the German financial behemoth has become the numero uno investment bank in the country.
For the next two years the whole world, including India, is expected to reel under the effect of the current financial crisis. Here's how it will affect us in India.
The Indian rupee continued its downward march and fell by another 48 paise to 46.53 against the US dollar in early trade on Tuesday owing to melting Asian stock markets amid heavy demand for the greenback.
'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
While the situation Sitharaman finds herself in may not be that good, how does it stack up against her three immediate predecessors Pranab Mukherjee, P Chidambaram and the late Arun Jaitley?
An S&P stock screen identifies the 10 best-performing stocks during a month that saw unprecedented market turmoil
Raghavendra Kamath reports on what ails India's real estate sector.
These elite up-and-coming companies have more than just great financials.
The BSE Realty index slumped 7.7% at 4,335. The IT index dropped 5.5% to 3,597, and the Metal index shed 4.5% at 10,391. The market breadth was extremely negative - out of 2,662 stocks traded, 2,263 declined, 359 advanced and 40 were unchanged on Monday.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
The DLF group has deferred the Singapore listing of DLF Office Trust, the real estate investment trust of DLF Asset, till the market condition improved, said sources close to the Gurgaon-based real restate group. DLF Asset has received investments worth $600 million from hedge fund DE Shaw and Lehman Bothers. DLF may now raise Rs 2,000 crore through private trusts or a private placement by March end.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
Two top investment banks, Enam Financial Services and JM-Morgan Stanley, have backed out from the high-profile initial public offering by real-estate developer DLF Universal
The high-profile bidding war for control of Hutch-Essar could intensify with reports in the British media suggesting that Indian partner Ruias have received funding pledges worth up to $25 billion to buy out foreign stakeholder Hutchison Telecom.
The Ruias have received overwhelming response from international banks for funding of their proposed bid to pick up Hutchison's 67 per cent equity stake in Hutchison-Essar Ltd, in which they hold the remaining stake.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
Stalin has given due respect to seniority in the pecking order, but has also taken into consideration the demands of individual ministries and the suitability of individuals, observes N Sathiya Moorthy.
It has to put in place the physical and social infrastructure for getting an international finance centre along with expediting reforms in the financial sector.
Having dominated the summer placement scene at IIMs, companies like McKinsey, Boston Consultancy Group and UBS showed up for the first time for placements at IIT Bombay.
Newly-appointed Australia coach Justin Langer on Thursday said his team can be considered great only if it wins a Test series in India, something that he likened to conquering Mount Everest, last done back in 2004.
Former PGA Championship winner Davis Love III will captain the United States in the 2016 Ryder Cup match against holders Europe at Hazeltine in Minnesota, the PGA of America said on Tuesday.
Arsenal scored a comfortable 2-0 win over Sparta Prague in the first leg of their Champions League third qualifying round tie.
Goldman Sachs on Wednesay began celebrating confirmation of bumper bonuses for this year, with the chairman and chief executive, Lloyd Blankfein, expected to lead the pack with a 30 per cent increase in his pay to about $70m.
Is an MBA just about Placements, Package, Profile and Prospects?
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
Vallabh Bhansali-controlled Enam Financial Consultants, one of the leading home-grown investment banks in India, is learnt to be in talks with JP Morgan for a strategic alliance.
Final student placements of the Indian Institute of Management (Ahmedabad) was over on Tuesday, with the premier B-school witnessing a hike in domestic and international salaries, as well as growing preference for enterpreneurship.
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