National Hydroelectric Power Corporation, the central power utility, has shortlisted five merchant banks for its initial public offering likely to hit the market in first quarter of FY08.
"Another measure of our nation's strength is the effective, firm and fair handling of a series of internal low intensity conflicts and proxy war," he said.
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
Jack Ma, founder of China's e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of $39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. The Shanghai Stock Exchange surprised market investors with an abrupt announcement late on Tuesday that it will suspend Ant Group's IPO, as regulators and the public debate the balance between financial innovation and risk control, state run Global Times reported. According to media reports, the Hong Kong exchange followed suit several minutes later.
RBL Bank is no Yes Bank. It's not fraught with fraud. It's a story of limitless ambition and greed for growth under a leader who doesn't want to give up, says Tamal Bandyopadhyay.
Lenders are likely to convert part of the airline's debt into 11.4 crore shares at a consideration of Re 1 apiece as per RBI norms.
Defence Minister Arun Jaitley said perhaps for the first time after Independence, such a big and 'far-reaching' reform process is being initiated in the Army.
A total of 2,765 posts of the civilian cadre of the Sashastra Seema Bal will be shifted to the IB command over the next year. Of these posts, 2,039 are operational.
The panel's report also provides a range for fiscal deficit and debt path of both the Union and states and also recommended additional borrowing room to states based on performance in power sector reforms. Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations. The report of the 15th Finance Commission was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman.
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
There is no reason for keeping an entire ministry with a total staff strength of 2,300, just for the oversight of a few aviation sector laws and regulatory bodies, notes A K Bhattacharya.
The Modi government has not lived up to the muscularity the prime minister promised while campaigning, says Ajai Shukla
Bank of Baroda has relatively better position on impaired assets.
Gen Rawat will be able to serve as CDS for a period of up to three years after the government amended the rules extending the age of retirement to 65 years.
The move comes ahead of the tighter provisioning norms kicking in from next April
Lt Gen Naravane is currently serving as Vice Chief of the Army. In his 37 years of service, Lt Gen Naravane has served in numerous command and staff appointments in peace, field and highly active counter-insurgency environments in Jammu and Kashmir and the Northeast.
Some vaccine frontrunners are in advanced stages of trial and could hit the market by early next year, making the task of securing "last mile connectivity" and ensuring that nothing goes wrong before the shot is administered more urgent.
Though the BJP is running too close for comfort, populist schemes and support among Muslims may help Mamata Banerjee overcome the challenge, observes Aditi Phadnis.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
In the April-June period, bond yields rose by 30 bps.
'We are beginning to see that the rest of the world will not simply accept the domination of one power'
The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
Whatever its apprehensions and concerns about the regime of the Rajapaksa clan, India must be ready with unconditional assistance when Colombo asks for it. Because it will, observes Aditi Phadnis.
Violence in Nepal continued unabated on Tuesday as thousands of people protesting the proposed new Constitution clashed with police in which one person was killed, taking the death toll to 11 and prompting authorities to deploy army in a riot-hit district bordering India.
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.
Party leaders, sources said, maintained that Congress cannot afford to have a new leader at the helm for rebuilding the organisation at this juncture and that the responsibility for the defeat is collective and not individual.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
The NCLAT's order is offensive because it goes against every tenet of bankruptcy reorganisation. If Justice Sudhansu Mukhopadhyay's tenets are accepted by the Supreme Court, we will not only regress in modern bankruptcy reorganisation but also slide back in the Doing Business rankings, says Omkar Goswami.
'China is constantly probing India's weaknesses.' 'The challenge is to implement a strategy that will allow India to buy time, gather its strength, and eventually counter China,' recommends Harsh V Pant and Vinay Kaura.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
The Chinese leader will display his grip on the Communist party and chart his plans for his country's future.
The regulations will only apply to the share purchases that have been done after October 1, 2004
'Since each chief single-mindedly pursues his service's interests in the competition for turf and in core matters such as budget share. The CDS, therefore, must act as an "honest broker" whose decisions serve the broader national purpose, rather than narrow service interests,' says Ajai Shukla.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
Events to keep an eye out for...
Their net NPA as a proportion of net advances were 2.2 per cent, compared with 1.7 per during the same period a year earlier.
The government's initial promise and energy seems to have dissipated.
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