"The downgrade would mean they would have no buyers for their debt papers. It would also impact borrowing from overseas banks," said a Mumbai-based analyst.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
At a time when services are rapidly digitising in India, enterprises are witnessing a rise in cases of sensitive data exposure risks and breaches.
The service provider has to ensure that outsourcing arrangement to an agency does not absolve them of their responsibility to fulfil their obligation to consumers and it should not affect the rights of consumers against service provider, Trai said. All companies should set up a formal code of conduct for outsourced agency and its employees or agents for collection of outstanding dues from customers.
India's first report on safety of civilian nuclear power plants was presented on Thursday at the Convention of Nuclear Safety at Vienna by Atomic Energy Regulatory Board Chairman S K Sharma. India's complete compliance with obligations under all the relevant articles of the convention in a 206-page report was presented by Sharma at the International Atomic Energy Agency, AERB Secretary Om Pal Singh told PTI in Mumbai.
The multi-pronged initiative is targeted at employees, organisations, enforcement agencies and policy amendment, through a '4E Framework' - engagement, education, enactment and enforcement.
The families who have lost loved ones in the 1985 Kanishka bombing on Friday sought a public apology from the Canadian government for the way it dealt with the tragedy.
The company faces fine of up to $18 billion in the US.
According to a senior CBI official, the agency has evidence to suggest the finance ministry's recommendations were overlooked while giving a licence to MCX-SX in 2008.
The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies. Reliance Home Finance has a debt of Rs 11,500 crore and Reliance Commercial Finance owes Rs 9,000 crore to lenders.
Financial information company Thomson Corporation said on Tuesday it has made a preliminary approach for possibly acquiring Reuters Group Plc, which runs one of the world's leading news agencies as well as other financial data businesses.
The proposals aims to impose new restrictions to prevent abuse and misuse of H-1B visas, besides ending the provision of granting extension for those who already have a green card.
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
The Income Tax department has sent a detailed questionnaire to about 50 individuals and entities figuring in the list of those allegedly holding offshore assets in tax havens.
H-4 is issued to the spouse of H-1B visa holders, a significantly large number of whom are high-skilled professionals from India.
The UIDAI, set up in 2009, will manage the generation and authentication of Aadhaar numbers.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or suspended or not renewed during the moratorium period. The Cabinet also allowed amending the code to streamline the corporate insolvency resolution process and protect last-mile funding to boost investment in financially distressed sectors.
As all regulators are part of it, individuals don't need to worry about approaching the right authority
'We focused on de-risking our balance sheet but we are very clear that the steps we have taken over the past few years, about changing the proportion of the loan mix, improving the ratings of the incremental portfolio, and reducing the concentration risks have now created a strong position that will allow us to attain growth with stability.'
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd.
Move to shift powers from RBI without discussions baffles many
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Veteran India goalkeeper Subrata Paul on Wednesday earned a massive reprieve after the National Anti-Doping Agency (NADA) revoked his provisional suspension, letting him off with a warning with regards to violation of anti-doping rule earlier this year.
Some years ago, Rakesh Gangwal reportedly said his relationship with Rahul Bhatia evolved in an amazing friendship, which he termed 'blind trust'. The question is whether that is under scrutiny now.
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In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
While participation of start-ups in the space sector has largely been minimal so far, their involvement will be key towards building India's very own aerospace companies such as Maxar, Elon Musk's SpaceX and Rocket Labs, according to experts.
In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
The conviction levels are still low.
The bill to set up an Airport Economic Regulatory Authority, which will fix tariffs for different agencies involved in airport operations and management, will be introduced in the budget session of Parliament next year.
Mukerjea recorded her statement under the Prevention of Money Laundering Act and said she and her husband Peter Mukerjea met Chidambaram at his office in Delhi's North Block.
The outlook for India's rating would improve if fiscal, inflation and infrastructure metrics get better, a global report said.
There are multiple laws dealing with insolvency in India, which lead to delays.
"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.
Punjab National Bank has the largest share.
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
Shah wants to focus this time on a mentoring role and help youngsters with innovative ideas live their entrepreneurship dreams by providing them a platform for "institutionalisation, globalisation and scaling up" of their ventures.
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