'Cyrus was always very different. He would think before acting.'
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
Sunder Navalkar devoted her whole life to the cause of workers' rights, remembers Sanober Keashwaar.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
If you are running a sweetmeat shop, will you manage a dairy for milk supply or buy milk from the market? Banks are running a dairy (which has its cost for processing milk), while NBFCs are buying milk from the market, observes Tamal Bandyopadhyay.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
Adani Power bagged Jitpur mine in Jharkhand.
There are 30 listed PSUs in which the public holding is less than 25%.
While the Bongaon municipality accommodates 1,200 trucks, the rest are at the mercy of private parking lots, where contractors charge an upfront fee of about Rs 4,000 per day.
Indeed, there were frauds, and the politician-banker-industrialist nexus played a role in the rise of NPAs, but governance issues in Indian banking are far more nuanced and complex, reveals Tamal Bandyopadhyay.
JSW Steel chairman Sajjan Jindal confirmed that his group is acquiring an IPL side.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
India Inc was, perhaps, watching out for a repeat of the dot-com bubble burst of the early 2000s.
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
The Oil Industry Safety Directorate, under the Petroleum Ministry, carries out safety audits of oil and gas installations, besides formulating and standardising procedures and guidelines for design, operation and maintenance.
The prejudices the Chinese carry with them mean they are not natural global managers.
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
Summary of sports events and persons who made news on Wednesday
'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
The RBI's warnings signal its concern that unhedged firms could be a vulnerable link should global markets buckle.
Loans make money for the lender in the initial years but losses come later when they turn bad.
BAOA says the recent downgrade of India by the America's FAA was triggered primarily by a shortage of qualified staff for conducting safety and airworthiness inspections of aircraft.
Non-mineral-rich states will benefit from tariff concessions.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Govt keen to revive business sentiment in india.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
Their coal block bids may be referred to CCI.
Zarreen Khan's book Koi Good News? is hilarious journal of a reluctant Indian couple's journey into parenthood.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
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