While acknowledging Shivaji's naval contributions, questions are being raised about the inadequate acknowledgement of Chola sea-power in southern Tamil Nadu, which dates back by a few centuries, explains N Sathiya Moorthy.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
The growth premium India enjoyed has largely been lost.
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
Last year in January at Amazon's flagship event Smbhav, Infosys Co-founder N R Narayana Murthy had to shorten his keynote speech from 20 minutes to about five because the event was delayed by 1.5 hours. "I will try to finish it in five minutes, because I am not used to delays," said Murthy, while addressing hundreds of micro, small and medium enterprises (MSMEs) about building businesses that last. In the audience was Amazon founder Jeff Bezos. Murthy referred to Bezos' prediction that the 21st century will be the Indian century. "That confidence enhances our enthusiasm," said Murthy. The relationship between Murthy and Bezos dates to 2014, when Prione, a 49:51 joint venture (JV) between Amazon and Murthy's venture capital company Catamaran, was formed.
Even as Chinese troops continue squatting on territory that we claim as our own -- this was the lowest allocation for defence in percentage terms since the 1950s, reveals Ajai Shukla.
The contempt petition in the Karnataka High Court has been filed only against liquor baron Vijay Mallya alleging breach of an oral undertaking given before the Debt Recovery Tribunal that they would not alienate unencumbered assets nor deal with them, Counsel for a consortium of banks clarified on Wednesday.
However, it still lags far behind the US, which leads with a market-capitalisation of $23.9 trillion through August 2014.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
CBDT circular issued last month had raised multiple taxation concerns.
Noted banker Uday Kotak said the country's financial system is currently in a Darwinian mode as only the fittest lenders are able to survive. Kotak also said that historically, whenever there has been a problem with a private sector lender, it has been merged with a state-run bank.
While debt funds have emerged as the flavour of the season, not all investors understand debt funds. So the best they can do is put trust in the fund manager and the fund house.
Barack Obama has said that he had ruled out involving Pakistan in the raid on Osama bin Laden's hideout because it was an "open secret" that certain elements inside Pakistan's military, and especially its intelligence services, maintained links to the Taliban and perhaps even al-Qaeda, sometimes using them as strategic assets against Afghanistan and India.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Ring fence your family's assets with a trust as this ensures fewer disputes, advises Sandeep Nerlekar.
Tikait has been at loggerheads with various governments on a range of farmers' issues, including loan waivers, minimum support price, power tariff and land acquisition in states such as UP, Haryana Rajasthan, Madhya Pradesh.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
There's a need to train 40,000 pilots over the next year-and-a-half.
How unbranded hotels are hitching a ride on branded ones for growth. Overall, India's hospitality market has seen close to 7,133 hotel rooms being converted into organised, branded space over the last 36 months, said Jain.
Since there are many and complicated choices, retail investors stand to benefit
In a statement, the central bank said heightened volatility in capital markets in reaction to Covid-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom.
Operational income not covering even their interest expenses, finds study; analysts say if economy turns around, new equity issuances an option
Senior Congress leader and former Punjab chief minister Captain Amarinder Singh feels that Sonia Gandhi should retain the leadership of the party for now, as Rahul Gandhi still has things to learn.
The Union Cabinet on Wednesday approved 'Mission Karmayogi', dubbed as the biggest bureaucratic reform initiative, aimed at capacity building of government employees to make them more "creative, proactive, professional and technology-enabled". The core guiding principles of the competency-driven programme will be to support a transition from "rules based to roles based" HR management to prepare the Indian civil servant for the future, according to a government statement.
Watsa, who has always believed in founders and management of the companies he invests in, has said that he restarted talks for the Catholic Syrian Bank deal due to CEO C V R Rajendran's initiatives
Executive lounges with happy hours, complimentary hors d'oeuvres, and complimentary services have been the norm - but not anymore.
Switzerland has been making efforts to strengthen its bilateral cooperation with India .
Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
IBC-oriented pre-packs, the other mechanism under consideration, are a mix of out-of-court restructuring and a formal insolvency process, say experts.
More than 25,000 National Guards have been deployed along with thousands of local police personnel and those from other security agencies. The area in and around Capitol Hill, a large part of Pennsylvania Avenue and the White House has been made out of bounds for the general public with eight-feet high iron barricades being erected.
From Network18 perspective, this helps reduce dependence on ads and helps especially in times of slower GDP growth.
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
Bids for the issue, which opens on January 23 and closes on January 25, can be made for a minimum of 18 shares and in multiples of 18 thereafter.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
When there is panic, you get an opportunity to get your hands on some of the good stocks.
Beginning with the bird's eye view of itself -- a narrow state of hills, rivers and high population density, in a tapering part of the Indian subcontinent. It can be a beautiful place shaped by aesthetic founded in appropriate lifestyle and progressive views, or a junkyard shaped by money and what money buys. The choice is Kerala's, notes Shyam G Menon.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
'I don't think Siddhartha has done anything wrong. He has not managed his debt well. In any case, he is not the best example of the system going wrong or the system pushing him hard. I think on that particular day, he was depressed and took an impulsive decision. It will be unfair to blame the system.'
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
