Harassment, corruption and the burden of compound interest for years are also the reasons.
Experts say Biyani will now become a contract manufacturer of fashion and FMCG products, with the Reliance group being one of his customers.
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
The Arun Jaitley-led finance ministry reiterated banks should act tough on wilful defaulters.
With the US education system operating independently from the government, universities are adopting varying strategies when it comes to Covid vaccination.
The company faces regulatory hurdles in these countries
Post Brexit, Irish universities are seeing a surge in applications says Barry O'Driscoll, senior spokesperson for Education in Ireland.
Kingfisher Airlines, National Aviation Company of India Limited -- the state-owned company that runs Air India -- and Indigo could face additional cost pressures, with reinsurance rates expected to harden following the accident involving the Air France aircraft that was flying from Rio de Janeiro to Paris with 228 passengers on board.
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
Bank of India will soon launch online trading facility for the customers, enabling them to make investments in the equity market.
While those who attended 'Livelihoods in Lockdown' learnt a lot, was anyone from the government listening?
Workers being laid off will be entitled to full wages of 45 days for every year of service.
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
A total of 25 companies raised Rs 28,220 crore during the financial year.
Control over PSU banks is what is allowing the government to drive this scheme.
Through rights issue, a firm allows existing shareholders a right to buy additional shares in the company at a specific price.
UTI Asset Management Company will float an initial public offer by March-end 2008 to help its sponsors State Bank of India, Life Insurance Corporation, Punjab National Bank and Bank of Baroda -- offload up to 50 per cent stake.
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Opposition party is unlikely to block Bills for GST, insurance and e-auction of coal mines.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
Sector-wise, oil & gas witnessed monthly growth of 30 per cent in hiring while insurance sector registered an increase of 25 per cent compared to September.
The IPO is an offer for sale of 38 million shares by SBI, BOB, LIC, PNB and T Rowe Price. Barring T Rowe and PNB, the others are selling stake to comply with Sebi norms.
At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The new drugs to come under price control include commonly-used antibiotics and painkillers
The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.
The agreement was reached in intensive negotiations between contact groups that Obama and Modi had set up in September.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
Five key capital market announcements from the previous Budget.
With the help of Practo Ray, doctors can share reports.
The announcement comes on the first anniversary of the project.
'More than 900 companies believe that the majority of their employees worry about AI's role in potential job losses.' 'It makes employees anxious about working with machines or AI applications and fuels resistance to change,' says a Capgemini report.
Not all change is good, but this one is, applauds Shekhar Gupta.
Industry fears tougher US stance on IP after President Donald Trump asserted that foreign countries must pay a fair share for drug development costs. Aneesh Phadnis reports.
