Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
Money sent abroad rises sharply in July; maintenance of close relatives, education expenses top the chart
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
Retirees and labour officials acknowledged that the city's finances were in a shambles and they would have to share in the sacrifice to help Detroit recover.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
Each scam that comes out in the open shows the regulators to be miles behind.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
'Against the backdrop of difficult administrative, political and economic problems, Imran's temperament and staying power will be the subject of intense expectation and public scrutiny,' says Rana Banerji, who headed the Pakistan Desk at the Research and Analysis Wing, India's external intelligence agency.
'There is merit in appointing people with ability and energy, then leaving them to do the job.' 'The Modi government would have had a better record if it had stuck to this formula from the beginning,' argues T N Ninan.
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
Nitin Desai suggests some concrete measures to revive investment and boost growth.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Securities and Exchange Board of India on DLF's plea for an interim relief.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
Whatever happens to WPP, the marketing communications business will no longer be the same again, says Sreekant Khandekar.
While slow execution and delays in infrastructure projects have led to a payment crisis as recovery of dues is a big challenge, banks are breathing down their necks for loan repayment.
The company has finalised a three year business plan to increase revenue and control costs.
Be a disciplined investor for attractive returns, says fund managers.
Air India has been in the red since the merger of then Air India and Indian Airlines in 2007.
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
'Lower rates are only part of the solution and sometimes not the right solution at all.'
Should we really pay attention to them, asks Ajit Balakrishnan.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
While everybody is talking about the vast potential of 5G, the uptake of such services in India depends on operators getting around 100 Mhz 5G spectrum. At the reserve price proposed by Trai, getting this spectrum will cost a telco around Rs 490 billion. Which amount could be difficult for operators to mop up, given the financial stress they are undergoing, says Kiran Rathee.
At present, Sebi norms bar wilful defaulters from issuing convertible debt instruments.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
The limit of indebtedness comes down to Rs 15,000 crore from 2018-19, and then Rs 10,000 crore from April 2019 onwards
IThe fiscal deficit target for 2020-2021 was originally set at 3.5 per cent of GDP. But the government's revenues have collapsed and its expenditure burden will only increase over the Budget estimates.' With the government having already planned for an additional borrowing of over Rs 4 trillion, the fiscal deficit for the current year would be much higher than the Budget estimate, notes A K Bhattacharya.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
Key relaxations traced in final regulations.
Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
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