The new provision under the Income-Tax Act may enable the authorities to seize trustees' personal assets if there's a breach of objectives governing registered charitable trusts.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
With their balance sheets under stress, private companies have lost interest in them.
Mistry's intention of selling ailing steel maker Corus, Tata's so-called feather in the cap, was one reason for his ouster
Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steelmaker Lucchini.
Civil Aviation minister says that certain regulations restricting the growth in the aviation sector needs to be re-looked to attract investments.
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, tells Puneet Wadhwa that with Moody's upgrading India's sovereign rating and earnings growth coming back, the country will remain a hot destination for foreign investors.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.
Analysts were expecting the government to propose higher capital infusion for banks.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
Such classfication brings with a high cost, including closing of formal credit channels, and likely criminal proceedings.
The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc, have temporarily and purposefully pulled us back only to propel us forward with greater velocity, Rajiv Memani.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
The most experienced administrator in the country seems to have sat back and allowed bureaucrats and policemen to manage the lockdown, observes Jyoti Punwani.
Share swap has moved the 'founder tag' from Sam Pitroda and Suman Dubey to the Gandhis.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
FTIL prepares to challenge the order in the Bombay high court
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The government is ready to support Air India, but wants the airline to improve its performance.
A SpiceJet official allegedly told some Jet pilots that they were doing a "charity" by hiring them.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
It appears that the BJP government has succeeded in managing the communication of the PNB scam in a manner that its adverse impact on its electoral fortunes is largely contained
The regulator's concern arises from several recent instances.
Real estate will prosper, small developers won't.
Does the Union government or the RBI see itself as Krishna beheading Shishupal and what will constitute the 101st or indeed the past many sins for which a Sudarshan Chakra will have to be used? More importantly, what are those sins?
The country imported 9.31 million tonnes (mt) of steel in FY15.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.
The Forbes 30 Under 30 list is harder to get into than Stanford or Harvard University. Meet the desis who made the cut this year.
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
There are a couple of proposals, however, whose goals are not easily achievable.
While his performance is commendable, the bribery charges against him just don't go away.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
'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.
Sarvjit Singh Samra's Capital Local Area Bank offers attractive features.
Stock to watch: Shipping Corporation and Great Eastern Shipping
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
Asian markets were trading mixed with the Nikkei gaining after the US dollar strengthened against the yen.
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