Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
Watchdogs of the economy have not been barking and it is high time we noticed it, says Shreekant Sambrani.
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
India already allows 100 per cent ownership of greenfield pharma businesses.
China's biggest carmaker, which own brands like Maxus, MG, Roewe and Yuejin, plans to invest $1 billion in India manufacturing unit, reports Swaraj Baggonkar from Mumbai.
India's doctrinal policy shift in combating terror by carrying out the Balakot air strikes inside Pakistan, appointment of a Chief of Defence Staff and hastening work on military modernisation marked a new beginning in 2019 in dealing with complex security challenges.
The government needs to take positive action to reaffirm that story.
Like Nehru, Modi is loathe to touch the public sector. His policy towards Israel leans towards 'non-alignment'. You can find other similarities: frequent public speeches, personalised leadership, total control over foreign and strategic policies, even stylised dressing, says Shekhar Gupta.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
He, however, acknowledged that Russia and some other countries were behind the hacking of Democratic Party computers.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Indian economy about to take-off
Subrata Roy is in jail since March last year.
What sets 2018 apart from previous years is the magnitude of the shocks that hit our brand ecosystem, says Bharat Bambawale.
A two-year extension at the helm of the RBI still looks a real possibility
Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
'India needs to deeply introspect on the costs of pursuing peace with Pakistan,' says Lieutenant General Syed Ata Hasnain (retd).
The success of Anil Ambani's ambitious defence plan will depend partly on whether he can persuade government officials and international partners that he can build sophisticated equipment and partly on whether the PM can get India's notoriously slow procurement process to work, say Paritosh Bansal, Sanjeev Miglani and Promit Mukherjee.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
'He is still compulsively an operations man. Just a whiff of a live operation, and he is back in the field, at least in his mind. That is why the immediate decision to send the NSG to Pathankot.' 'But there is a difference between classical intelligence or counter-terror operation and dealing with a larger threat to a place as sensitive and sprawling as an air force base. This is what led to confusion and mix-ups,' says Shekhar Gupta.
Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
To unravel Khan's overseas business, one has to rewind to 10 years ago when Londoner Richard James Moore floated a real estate company called Winford Estates in Surrey.
'Joko's re-election bid has been as tough as Modi's.' 'But in a curious reversal of roles, what Joko faced was a platform somewhat akin to Modi has chosen for himself to woo voters,' notes Ambassador M K Bhadrakumar.
Here's a closer look at the showcause notices issued to Lalit Modi
Murkumbi will continue to retain his post till the stipulated notice period of 90 days or completion of open offer by Wilmar, whichever is later.
A glance back at some of the important ups and down Indian Inc faced in 2018.
'Let us remember that Make in India for defence must not be our goal.' 'The goal is to have a strong military to help the nation protect its identity and assert its will.'
Do Modi's foreign visits actually serve India or they nothing more than expensive tools for domestic positioning and image-building, asks Shehzad Poonawalla.
'As of now, it may be best for India to insist that Yameen honours the supreme court rulings and ensures that the next election is free and fair,' says Brigadier S K Chatterji (retd).
Over 5,000 people living in 23 hamlets along the LoC were forced to shun homes.
Lupin will fund the buy through $100 mn cash reserves and a bridge loan.
'A class antagonism of rich versus poor took the colouring of a communal confrontation,' says Sunil Sethi.
In a filing to the Bombay Stock Exchange (BSE), USL said it had made a recommendation to the board of subsidiary United Spirits to consider the sale of the entire share capital of Whyte & Mackay.
Congress is riven by four different approaches to an issue: the Sonia Gandhi way, the Rahul Gandhi method, Lok Sabha MPs' tactic, and Rajya Sabha MPs' style, reports R Rajagopalan.
'Pakistan has responded with appropriate contempt -- hrowing our national dignity into the waste paper basket.'
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