The company, which has a subscriber base of 120 million, also plans to raise funds via a bonds issue. The company's impending 4G launch is also expected in the second half of the current financial year for which it would invest Rs 12,000 crore, partly through bonds.
The two nations share a problem of corporate debt gone bad that is so large and opaque.
Tax Guru Anil Rego answers your personal income tax queries.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
SBI was the top gainer after it reported lower-than-expected rise in bad loans
Indian Economy poised for growth, say experts.
V G Siddhartha's wife has the support of the employees. But the challenges ahead of her are tough.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Investing in ETFs is similar to buying and selling shares on exchanges through your trading account, points out Ashwani Bhatia, MD and CEO, SBI Mutual Fund.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
The collection of mostly small and medium sized businesses is a hotchpotch of ventures and include design schools, schools, villas for hire in Goa and a country club in Gurgaon.
BCCI president Sourav Ganguly wants injured senior opener Rohit Sharma to tread cautiously while deciding on competing for his IPL team Mumbai Indians in the play-offs as he risks aggravating the hamstring tear that led to his exclusion from the Australia-bound India squad.
Kagiso Rabada considers himself 'blessed' to have been a part of the 'Born-Free generation' with parents, who endured tough times to create a level-playing field for him.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Tax Guru Anil Rego answers your personal income tax queries.
After outclassing Bangladesh by eight wickets in the second T20 International in Rajkot on Thursday, India's off-spinner Washington Sundar said that spinners have a very important role to play in the shortest format of the game.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Senior Congress leader and former Punjab chief minister Captain Amarinder Singh feels that Sonia Gandhi should retain the leadership of the party for now, as Rahul Gandhi still has things to learn.
With stock prices at elevated levels, investors must cut valuation risks in their portfolio
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
'At any given point in time, we expect only 25 per cent of our workforce will need to be in office.' 'And any given person will only be required to spend only 25 per cent of their time in office.'
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
'Even if there is a third wave or a fourth wave, it is hard to see the economy will suffer like that (during the first wave).'
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's retail behemoth.
Venture capitalists Adam Wolfensohn and Ameya Bijoor tell Anjuli Bhargava about the kind of investments and companies they are looking to invest in.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
'The government has realised that the finances of the government are in a precarious state.' 'We are borrowing to fund the ever-burgeoning revenue deficit.' 'Then you are paying interest on the fresh borrowing.' 'For the first time, the government has realised that this cannot go on.'
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