'...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.'
The limit of indebtedness comes down to Rs 15,000 crore from 2018-19, and then Rs 10,000 crore from April 2019 onwards
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
Elaborating on this theme, Petroleum Minister Dharmendra Pradhan pointed out that if the power sector had not been opened up through reforms initiated in 2003, India would still have been in darkness.
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
Arun Jaitley addressed a post-Budget press conference.
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
India's most heavily indebted property firm, DLF has filed an appeal with the Securities Appellate Tribunal (SAT) against a ban from tapping capital markets for three years, a spokeswoman for the appellate told Reuters.
Buoyed by the success of secondary market, IPO market set to see high action
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.
Foreign investors are betting top dollar on the country as growth is likely to recover at a time when other emerging markets are battling macroeconomic adjustments.
Have conviction in your bets and use stop-loss as a defence mechanism to curtail losses.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
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.
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.
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
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.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
The judge was also of the view that 'the gravity of the allegations levelled against petitioners (Sonia, Rahul and others) has a fraudulent flavour.
Some measures announced in Indradhanush -- a 7-point Modi plan to revamp State-owned banks but not completed -- may be taken up again.
These funds give the wealthy an option to invest in strategies that other equity products like mutual funds and portfolio management services cannot, says Nishant Agarwal.
Investors should take this opportunity to look at asset allocation and realign their portfolio.
Should we really pay attention to them, asks Ajit Balakrishnan.
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.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
The pilots and other senior staff have not been getting their full salaries since December.
Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
11th-hour debt restructuring programme offered no concessions to creditors
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
A mistake here can prove costly.
Getting locked into instruments before the new regime kicks in would be a good strategy.
At a time when the asset quality of state-owned banks is deteriorating, the Reserve Bank of India is also planning harsher penalties for wealthy promoters of wilful defaulters.
