The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
The best of India's brains are instead busy solving the world's problems (I deliberately exaggerate a bit to drive home the point), as our policies incentivise them to do so.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
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Infra experts say govt will first need to figure out how to exploit real estate along the proposed routes.
More than 10% (40 of 498 companies) have lost at least half their market value.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
'If you look at this Budget, except for the Rs 2 increase in petrol and diesel, there is no positive or negative impact from the Budget for the common man.'
Decision to build or buy a platform is a function of price but buyouts are helping large investors create a medium and influence outcomes.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
Oil tanked to a 7-year low as OPEC decided to maintain production.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
Senior counsel, Diwedi submitted that technology is advancing and we have limitations of understanding the technological developments.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
India has more than 45 million SMEs, accounting for nearly 40 percent of gross domestic product.
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Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
India's rank was further amplified by the collapse of the South American and Russian economies.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
Indian-American business leaders meet to discuss ways to make this initiative a success.
Soft oil prices are expected to persist in 2015 and will be accompanied by significant real income shifts from oil-exporting to oil-importing countries.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
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'I feel more like a chess player, thinking for long hours how to make the next move," Telecom Secretary Aruna Sundararajan tells Surajeet Das Gupta.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Many chief executives said they were talking to people at the top level in their organisations to find how their companies can help the flood victims.
