The Small Industries Development Bank of India will soon ink a strategic tie-up agreement with a commercial bank for extending direct credit facilities to the small-scale sector.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
'... That they should emerge as role-models to be emulated by the fellow countrymen; and that the middle classes should not stick only to hate-filled and scornful criticism and condemnation against the state of affairs,' remembers Mohammad Sajjad.
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
Assocham-Skymet report says untimely rain may reappear in north India.
Ind-Swift Ltd completed buyback of 25,56,600 shares constituting 23.14% stake held by Punjab State Industrial Development Corporation in its sister company Ind-Swift Laboratories Ltd for Rs 82 million.
Officials said that 18 died after the building collapsed while 96 others were rushed to hospitals with injuries
"Owing to the development-oriented government policies, favourable business conditions, rising income levels of the middle class, Haryana and Punjab are the two states which enjoy maximum investor confidence in North India," Assocham Secretary General D S Rawat said. Haryana received projects worth Rs 50,917 crore in the first six months of 2008 and Punjab attracted Rs 19,418 crore investment.
The removal of over 54,000 accounts was the largest such removal yet.
He also sought to know if Modi, during his recent meeting with Chinese President Xi Jinping, asked the latter about the 2017 Doklam standoff.
'Given the past practice in the Pakistan army, this delay is most unusual,' notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Because of high rents in Mumbai and the response from Delhi, most luxury retail players want to expand in the capital.
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.
The town produces 85 per cent of the country's fireworks.
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
The state is trying hard to improve ease of doing business by several notches.
Union Ministers Smriti Irani and D V Sadananda Gowda have been dropped from Inter-State Council, official sources said on Wednesday.
While Delhi boasts of one of the best metro systems in the world and decent infrastructure, reckless construction, legalising unauthorised colonies, and the worsening water and air quality dent its image of being a robust cosmopolitan city.
Vijay Mallya left India on March 2, presumably for London.
'If there is a technical issue and the borrowers can resolve it within 30 days, you don't have to go through the bankruptcy court.' 'If the borrower is expecting a large disbursal of a facility or expecting a payment or receivables, in such cases it becomes practical to give a window for taking care of such circumstances. 'If banks had aggregated the assets and benefited with a long relationship with borrowers and now when assets get into a trouble, it is incumbent on banks to find resolution and take responsibility.'
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.
The issue of pollution caused due to the non-degradable material is keeping consumer goods majors - from ITC and Dabur to Nestl and PepsiCo - on their toes.
The bank will be responsible for taking the mixed gold to mint and getting it purified.
According to officials, Punjab, West Bengal, Maharashtra, Assam and Telangana wanted the lockdown to be continued, some of them wanted the powers to decide the zoning of districts -- green, orange and red -- as per the COVID-19 situation.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
The bureau sleuths arrested two officials of the Infrastructure Professional Enterprises -- Kamal Kumar Verma and Amit Sardana -- whose services were hired by the Ludhiana Improvement Trust during the previous Congress regime in the state
NHRC issues notices to Centre and governments of Delhi, Punjab and Haryana, saying 'the state cannot leave its citizens to die due to the toxic haze.'
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
Hundreds of kilometres of national and state highways in states like Maharashtra, Himachal, Uttarakhand, Rajasthan and others have turned into local, municipal or district roads, just a few days after a Supreme Court order banning liquor sale along highways.
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
In a fresh salvo at the Gandhi family, Narendra Modi on Friday said the country could not be run by a government working on "oxygen from mother and son" and a "dead, feeble and fractured" regime was not needed.
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends, with the IIP having expanded 2.7 per cent year-on-year.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Its governing allies are not happy on the economy and complain of ignored concerns but find themselves unable to be assertive.
'Efforts to roll out GST from next fiscal'
The petroleum ministry has recommended a hike in the foreign direct investment cap in government-owned refineries to 49 per cent from the current 26 per cent.
