The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.
The T20 World Cup is slated to be held in India in October-November 2021.
While the benefits offered by the new-generation products are alluring, choose a plan that offers features you may actually need in the future
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
Will the EPFO be required to deduct tax at source or will the employee have to calculate the tax and pay it separately?
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
Companies think they are too big to bow before regulators.
'Anything that couldn't be stolen they destroyed.' Saloni Dhumne and Atreya Raghavan speak to members of the Indian community in Durban -- the largest congregation of Indians outside India -- who were targeted in last month's horrific riots.
'Our future is in limbo. The government saved us with Operation Ganga; now, they must save our careers.'
Launching a scathing attack on Harris, the Trump campaign said the Americans will resoundingly reject the absymal failures of Biden and Harris. 'Joe Biden is no moderate, and with Harris as his 'political living will,' he is surrendering control of our nation to the radical mob with promises to raise taxes, cut police funding, kill energy jobs, open our borders, and appease socialist dictators,' Katrina Pierson, Trump 2020 campaign's senior advisor, said in a statement.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
Our government has failed the country on several counts. All this must change for India to redeem itself in six months, says Naushad Forbes.
The final agriculture GDP numbers for 2016-17 are expected to be revised up, as rabi production is looking really good.
The National Commission indicted LIC for working in cahoots with doctors for baseless certificates to repudiate claims and held this to be an unfair practice.
The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business.
Housing Development Finance Corp (HDFC) chairman Deepak Parekh on Tuesday said that while the country's macroeconomic fundamentals remain strong and the recovery is in progress, the unpredictability of coronavirus will remain a key challenge. Owing to the second wave, the Indian economy is likely to mirror a similar trend seen in FY21, where the first half of the financial year is weaker and the second half is significantly stronger, he said. "I remain confident that India's macroeconomic fundamentals are strong. Recovery is underway," Parekh said while addressing the 44th annual general meeting of HDFC Ltd. He said, the country's forex reserves and foreign direct investment inflows have scaled record highs, the capital markets are also buoyant and agriculture growth is expected to remain strong with food grain production estimated at over 305 million tonnes.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
The National Digital Health Mission seeks to provide a unique health ID to each citizen who wishes to have one and also on-board the healthcare service provides - hospitals, pharmacies and diagnostic labs, among others. It will have an online database of doctors and personal health records.
The nation will have nine nuclear reactors by 2024 and a new nuclear project, the first in northern India, will come up 150 kms away from Delhi in Gorakhpur of Haryana, the government informed the Rajya Sabha.
His remarks at the Maharajganj rally come against the backdrop of the war in Ukraine from where India is trying evacuate thousands of its citizens. Modi, however, did not specifically mention the crisis.
Prime Minister Narendra Modi on Monday appealed to protesting farmers to end their agitation against the new farm laws even as he questioned opposition parties for their sudden 'U-turn' on the agriculture sector reforms.
Terming coronavirus as a big health crisis before humanity, Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday said the only way to break the chain of transmission and contain COVID-19 cases is for people to 'close down everything' till May 15.
Solicitor General Tushar Mehta, appearing for the Centre, assured the court that everything is under consideration.
