West Indies off-spinner Sunil Narine got complete backing of his Kolkata Knight Riders captain Gautam Gambhir who termed him as an asset and said there can be no back-up for the mystery bowler.
Russia's embattled Yukos Oil Company has threatened to sue Indian oil and gas major ONGC if it goes ahead with plans to pick up stake in its core asset Yuganskneftegaz, effectively nationalised by Russian government through auction.
The real estate sector is a major employment provider and the economy cannot afford its hard landing. Harsh Roongta suggests measures that can revive the under-construction market
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
Cases filed in 3 high courts.
Agreement between Bharti Airtel and Loop Mobile, which offers mobile services in Mumbai, expired on October 31
At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
Deposit certificates will also be exempt from capital gains tax.
Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate.
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
A new political crisis is brewing in the VK Sasikala camp in Tamil Nadu -- differences between Chief Minister Edappadi Palaniswami and party general secretary Sasikala.
Gandhi accusing the minister of 'lying' on HAL's capability to build the jet fighters, saying her position is untenable.
The company is looking at demerger of land banks from RCom and then go for separate listing.
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
SBI remains a favourite of most brokerages in the PSB segment.
Any delay in passing the coal bill may cause a crisis in the coal sector which would also affect the power sector.
Prime Minister Narendra Modi on Wednesday said that his government is unsparing when it comes to punishing the corrupt and listed out the steps initiated by him to curb the menace.
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
Mallya has denied that he had fled India and said he would comply with laws.
According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
Across the world, middle class families are dealing with the consequences of competition to get into high-quality institutions.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
'The one sector where there is still a sense of crisis is banking, but the government has regrettably set its face against privatising any of the government-owned banks,' says T N Ninan.
'In terms of growth rate, India is better than China.'
The top court last week gave Sahara a final chance to raise funds.
SBI set to buy residential properties of Air India in south Mumbai
'At least three top bureaucrats have been declared guilty in recent years in connection with scams where they had no pecuniary benefit.' 'But in the telecom case, a money trail is declared irrelevant because no scam has been proved in the first place.' 'Fair enough; so we must punish illegality without criminality, but ignore possible criminality as suggestive of illegality,' points out T N Ninan.
Oil India is set to usher in a new era with a road map drawn to ramp up production and diversification plans to foray into liquefied natural gas
Most borrowers of loans against property pin hopes on future cash flows from their business, but in case of failure to repay the loan, the lender can repossess the property and sell it.
'Reliance on crude oil is still very high. Globally, natural gas is 25 per cent of the energy basket. In India, it has fallen to 6.5 per cent, from 11 per cent in 2014.'
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The IT department has a designated official to execute these rare powers.
The finance ministry official may have claimed that the ministry does not have information on the loans sanctioned by different banks to Mallya or the details of the guarantee given by Mallya against those loans, but the ministry had responded to questions in this regard in Parliament in the past.
Global rating agency Fitch on Tuesday said the imminent entry of Reliance Jio into the telecom space will see a likely 20 per cent fall in data tariffs, but will not have any impact on the credit profile of the top four incumbents in the medium term as their revenue is on an uptick on rising voice tariffs and improving regulatory environment.
Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported.
Sources say companies will have to keep the market share of merged entities below 50% in all circles
How much would collectors be willing to pay for owning a part of Indian history, asks Kishore Singh.
