So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel's acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of Electrosteel Steels.
Consumption of cement, steel, and bitumen is to get a boost of Rs 42,000 crore (Rs 420 billion), as the National Highways Authority of India has announced to award 7,994 km of highway projects in the current financial year.
Passenger vehicle wholesales in India slipped to a 10-year low in the April-December this fiscal, and the industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday.
Very few today realise that without Brigadier John Dalvi's courage, we would never have known what really happened during those tragic days of October/November 1962, reveals Claude Arpi.
India Inc was, perhaps, watching out for a repeat of the dot-com bubble burst of the early 2000s.
While Modi must worry about the electoral backlash of bailing out state-owned banks, China's communist rulers face fewer constraints.
The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL) by October.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
When a trial for a murder is going on -- with no end in sight -- more than ten years after the crime took place, it will not feel like the murder happened yesterday.
India Inc on Friday said the hike in railway passenger and freight fares will help in resource mobilisation, hoping that the higher fares will lead to better quality and safety of services offered by the Indian Railways, while asking the government to allow FDI in Railways.
Bengaluru now have two draws in a row and their first clean sheet but languish at second-last with just six points.
'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.
The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.
These 10 cities have maintained cleanliness throughout
The steel major, which had shifted its headquarters to Luxembourg had approached the authorities for related licenses.
'There was no pressure and I was taking it (Olympics) just like any other event. It was like I have played against these athletes before and there's no reason to worry. I was able to focus on my performance. That has helped me win gold.'
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.
'And because she was very close to Indira Gandhi, she was close to me.' 'Sonia is a wonderful person'
The target announced is 13.6 per cent higher than that set last year and 145.4 per cent higher than the revised target for 2013-14.
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.
It has so far managed to raise only Rs 1,700 crore (Rs 17 billion), by divesting a 5% stake in Steel Authority of India.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
'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.
Centre plans to acquire land and then give it on lease to miners.
In a conversation with Rediff.com's Indrani Roy veteran civil engineer Subhash Bhattacharya tries to ascertain the causes behind the collapse of the Vivekananda Setu, an under-construction flyover in Kolkata last Thursday.
LHB coaches are safer. Two high-level railway safety commissions came down heavily on ICF coaches, recommending their replacement by LHB, says Bibek Debroy.
Claiming to be saddled with faulty equipment from China, the Indian Weightlifting Federation (IWLF) on Monday called for a boycott of sports apparatus made in that country after the violent face-off in eastern Ladakh killed 20 Army personnel last week. The IWLF ordered four weightlifting sets, comprising barbells and weight plates, from Chinese company ZKC last year. The body said that the equipment turned out to be faulty and the weightlifters are no longer using them.
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
In the atmosphere created by the reaction to the PNB fraud and RBI's resolution framework, "don't lend, don't resolve" is bound to become the bankers' new mantra, says T T Ram Mohan.
The Nikkei India Manufacturing Purchasing Managers Index (PMI), fell from 52.1 in February to a five-month low of 51.0 in March, indicating the slowest improvement in operating conditions recorded by the survey since last October.
Former Pakistan fast bowler Shoaib Akhtar proposed a made-for-television three-match ODI series against arch-rivals India to raise funds for the fight against the coronavirus pandemic in both the countries. In these extraordinary times, Akhtar believes both countries should help each other.
India has received the preliminary report of investigation into the disappearance of the shipping vessel M V Rezzak with 25 Indian sailors onboard, conducted by the Marine Casualty Investigation branch of the Panama Maritime Authority.
Four Chinese soldiers were killed in the fierce clash with the Indian Army in the Galwan Valley in eastern Ladakh in June last year, the People's Liberation Army (PLA) acknowledged for the first time on Friday.
JSW Steel chairman Sajjan Jindal confirmed that his group is acquiring an IPL side.
'For Mallya, it seems 'the night is dark and full of terrors' and if you believe his lawyers, he's only looking for some sunshine,' says Veer Arjun Singh.
Arun Jaitley will aim for jumps in other revenue streams for the government.
A memorandum of understanding was signed by the AAI and the Jharkhand government for establishing airports in both the cities in the presence of AAI Chairman and Jharkhand Chief Minister Arjun Munda.
Officials say a fall in global oil prices will reduce the government's subsidy burden, giving it a greater chance of hitting its ambitious fiscal deficit target of 4.1 percent of gross domestic product in the fiscal year to March.
There is growing alarm at the inexorable rise of China, both of its military prowess and its aggressive bullying of other countries plus its subjugation of whole portions of its own population.
