Goods and services provided without any consideration are out of ambit of Consumer Protection Act; investors, too, cannot approach a forum. Tinesh Bhasin reports
Countries with abundant resources are faring worse in terms of development than those with less.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
'The IPO window has been more or less open since the new government in 2014.'
Anshu Jain spent 20 years building Deutsche Bank.
If you have an active trading account or have consumer loans or thinking of taking out a loan, consider investing in NBFCs, says Devangshu Datta
'The spirit of cooperation between the Centre and states has been diluted in many ways.' 'The level of consultation which used to be there earlier has reduced significantly.'
The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
Businesses across the world consider efficient delivery of shipments to be a growth driver, and IoT-based start-up Roambee fills this need with real-time reports to businesses using tracking data.
It said New Delhi increased its purchase of foreign exchange over the first three quarters of 2017 which does not appear necessary.
Finance minister tries to put house in order before reforms are unveiled in February.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
There are some advantages of a falling rupee.
One hopes that the government will act on the Kelkar panel recommendations.
Nine companies incubating at StartupVillage have made it to the second round of Nasscoms flagship programme to support 10,000 technology startups across India.
'The attacks made clear to all the Gulf States that Pakistan was the nursery and sanctuary of extremist violence and that this violence threatened all the countries in the region.'
Most companies often subsidise the sale and the delivery, making losses on their books.
India is witnessing its own tech tsunami, and is poised to become the second largest global startup hub by the end of the decade
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
Ranju Sarkar finds out more about Nowfloats, the start-up that is used by 240,000 businesses that reach 13 million consumers.
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
'It is important that employees are trained to acquire skills that would be needed in future, when the company sees disruption coming -- that is, much before the disruption occurs or the company plans to change the business model,' says Asish K Bhattacharyya.
The new entrants are young, enterprising Chinese men and women who want to tap into the promising Indian market.
Metal shares were the top gainers with Hindalco up over 5%.
About time the Tata companies that are owned by the public are freed from the clutches of Tata Sons, says Sudhir Bisht.
Projecting the mining operations as part of China's move to take over Arunachal Pradesh, the report said 'people familiar with the project say the mines are part of an ambitious plan by Beijing to reclaim South Tibet'.
Finance firms in these SEZs likely to get tax breaks.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
At least 40% of a product must be manufactured in India for it to qualify for the Indian Designed, Developed and Manufactured category.
Little attention is being paid to keep roads, bridges and flyovers in good shape
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
Parents should secure thier special child's future.
Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries.
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