Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
Analysts at rating agency ICRA say the debt level of the telecom companies is very high and the ecosystem for the premium band is not in place.
The Dornier flight with three crew members, all deputy commandants, went missing on June 8 after a routine maritime surveillance sortie along Tamil Nadu coastline.
Reliance Power is yet to get a new CEO after J P Chalasani quit as managing director and chief executive officer.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The case relates to alleged wrong classification of mixed xylene
The company's debt is around four times its earnings before interest, taxes, depreciation and amortisation, raising concerns among investors as well as stock analysts.
Reaching out to present and former employees of the defence PSU at an interaction with them, Gandhi said, work done by HAL for the country was tremendous and the country owed debt to it for "protecting us" and creating a scientific vision.
The Central Bureau of Investigation on Thursday contended before a Delhi court that there is no change in government's stand on withdrawing the case against Italian businessman Ottavio Quattrocchi in the wake of the Income Tax Appellate Tribunal (ITAT) order in the Bofors pay-offs case.
'One by one we are seeing these private banks taking people's money and mismanaging it.' 'In the last 30 years, 30 private banks have collapsed.' 'Nationalise all banks so that people's money is safe.'
Executives would analyse information and pass it to seniors.
Manchester City CEO Ferran Soriano said the group had been looking for years at soccer in India and the Indian Super League (ISL), which is currently in its sixth season.
With over half the Plan funds that Parliament approves being spent through non-government channels, to cite the figure in CAG Vinod Rai's presentation to the Planning Commission, members of the Parliament have no way of knowing whether the money is properly spent.
Apex auditor CAG on Friday lamented that private telecom operators are not providing their account books to it, despite a request from the government.
The world's largest independent telecom masts player GTL Infrastructure on Wednesday said its expects to complete the merger of Reliance Infratel's tower operations with itself by the middle of next month.
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
It is not clear whether the drop in offers is a fallout of demonetisation.
Defence Secretary Robert Gates said the US Joint Forces Command would close, the use of outside contractors would be cut and the number of generals and admirals reduced. The command, which is based in Norfolk, Virginia, has an annual budget of US $ 240 million and 2,800 military and civilian employees.
The former I-League champions collected the Invitation To Bid document on the last day and Thursday is the submission deadline.
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