So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
'Nationalism built on divisiveness cannot strengthen the country, or help the economy improve its performance,' points out T N Ninan.
Borussia Dortmund coach Juergen Klopp battled to contain his emotions on Saturday after his final game on their bench saw his team lose 3-1 to VfL Wolfsburg in the German Cup final.
Siva group defaulted on payment in 2016 and is also facing CBI investigation
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
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.
'If prices of everyday consumption don't come down, employment doesn't pick up, 2020 will not be a happy year for anyone but the super rich,' notes Sherna Gandhy.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
'We would do well to encourage all Indians to participate in democracy by contesting and laws that prevent or deter individuals and parties should be relooked at,' says Aakar Patel.
A glance back at some important events that occurred in 2018.
A consummate deal-maker, the former Aircel boss raked in the moolah in many, but lost a packet in several others.
The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market
Analysts were expecting the government to propose higher capital infusion for banks.
'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
'A law firm checked credentials of Karan Ajit Judge and Nouam'
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
The legislation passed with 230 votes in the 300-seat chamber.
Modi said the ease of doing business ranking improved because the government initiated reforms to end difficulties in the lives of people.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
The Congress on Saturday hit back at Attorney General Mukul Rohatgi for opining that the party had no claim to the post of the Leader of Opposition in Lok Sabha and alleged that his view on the matter was aimed at "pleasing the political masters".
Armed with a warm smile, the Swede shares his thoughts about Federer, Becker and modern-day tennis. Norma Godinho/Rediff.com speaks to the legend, who made the art of serve and volley a potent weapon, reckons Federer should skip French Open to focus on winning Wimbledon and that technology in the sport is here to stay.
'The government is sincerely working on employment generation. Unfortunately, they are depending on these people from Harvard. Their wrong policies are killing jobs. The government has to come out of the Western framework on which they depend upon a lot.'
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
The problem of stressed assets needs to be addressed with effective recovery.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
Summary of sports events and persons who made news on Saturday
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
'Deep pockets have become a prerequisite for contesting elections on a major party symbol in most states.' 'Given the premium parties place on self-financing candidates, once you have accounted for the suspected criminals, dynasts, industrialists, and celebrities, there is not much room for anyone else.'
Congress members also vociferously pressed for a discussion on the Comptroller and Auditor General report.
The Premier League kicked off in unique fashion on Saturday as an own goal by Tottenham Hotspur's Kyle Walker gave Manchester United a 1-0 victory in an undistinguished season opener at Old Trafford.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
'Modi remains the most popular politician in India; the BJP's organisational and fundraising prowess is considerable; and the Opposition, while newly collaborative, has no leader or clear economic messaging as of yet.'
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
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