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.
A report details the campaign conducted by a China-linked threat activity group RedEcho targeting the Indian power sector.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
'The government has to stop trying to fix things for lenders, projects, homeowners and developers and think instead about how to fix the market for houses,' says Mihir S Sharma.
Wondering if mutual fund investments can help you make you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck.
Suven Pharmaceuticals' wholly owned subsidiary, Suven Life Sciences USA, has acquired the assets of the US-based Synthon Chiragenics, according to a release issued by Suven Pharmaceuticals to the BSE on Tuesday.
Financials and auto stocks were the top losers while energy and IT shares recovered
We are serious about setting up a bank and use the parent branding that is a household name in India, says Venugopal Dhoot.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
RBI said aggregate demand during the year so far suggests that the shock to consumption is severe, and it will take quite some time to mend and regain the pre-COVID-19 momentum.
The Oil and Natural Gas Corporation will invest Rs 33,000 crore (Rs 330 billion) in the next five years on oil and gas exploration, discovery and asset building, a top company official has said.
Have you decided what will happen to your social networking accounts and your digital possessions when you are no more?
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Private sector lenders have been communicating to their customers about their strong capital positions but it has not put depositors at ease.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Trifacta's investors include Accel, Greylock Partners, Ignition and Cathay Innovation
Not just in the fight against COVID-19, but also in politics, economics and society, observes Ajit Balakrishnan.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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.
The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's Cairn Energy Plc before deciding on appealing against losing a tax case against Vodafone Group, sources said. An international arbitral tribunal is expected to give a decree within next few days on Cairn Energy Plc's challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand.
The company has not been able to sell its 9.8% stake in Cairn India
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
If people can lobby me for making changes in policies that goes against the country's interest, I won't keep myself in this position, says the vice chairman of NITI Aayog.
Gold has held up better than many expected.
The IPL uses this system for players' auction.
The move comes within months of a crisis at JPMorgan Asset Management Company.
This acquisition marks Lupin's foray into the Japanese branded market in-line with aspirations to build business globally.
Investors should consider debt mutual funds, banks fixed deposits or high-rated corporate debt instruments.
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
If anything has become clear during this campaign, it is this: Mr Modi can bat on almost any wicket and hit the ball over the ropes, points out T N Ninan.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
In the first of a three-part series Paranjoy Guha Thakurta details the salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.
Balanced funds are suitable for investors who have low-risk appetite or are new to equities.Those with more than seven-year investment horizon should look at funds that have higher equity exposure.
Firm to continue to press ahead with arbitration challenging new law on the tax, will seek $1 bn in damages
'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.'
Overseas education consultant NNS Chandra shares advice.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
The perpetrators of the 2008 Mumbai attack, who shot dead 166 people, had confessed to details that should have been enough to hang him, but Pakistan enjoyed his anti-India rhetoric and let him spread his tentacles. A revealing excerpt from Khaled Ahmed's Pakistan's Terror Conundrum.
