Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
ICDS is silent on the prudence aspect of accounting standards.
If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014.
The view among the regulator and the government is that the currency is overvalued
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
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.
RIL has denied knowingly producing any gas from the ONGC block
According to the draft, in the northeastern states the threshold is at Rs 500,000.
Finance Minister Arun Jaitley, in his Budget speech on Monday, announced a new dispute resolution mechanism for such companies who are in confrontation with the taxman's action.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The Union Cabinet on Thursday night gave the go-ahead for the creation of a 10-district Telangana and outlined the blueprint for carving out the country's 29th state from the current Andhra Pradesh.
The 58-year-old businessman, who is also the son-in-law of former Karnataka Chief Minister SM Krishna, has been missing since Monday evening from Mangaluru.
Several brokerage houses have given a year-end target of as high as 30,000 for the BSE bourse's benchmark Sensex, with fund managers telling investors not to redeem though the index is still only around 25,000.
He, however, acknowledged that Russia and some other countries were behind the hacking of Democratic Party computers.
Although the Congress leadership and UPA has given its nod for Telangana, the road to the separate state is surely going to be a complicated one, reports Anita Katyal.
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
Budget is likely to focus on infrastructure creation in the N-E
Modi and Shah's next focus will be South India, and the Maharashtra and Jharkhand assembly elections. Shah is unlikely to abdicate control over the party even after he joins the government. Modi and Shah both know only too well that the party makes the government, and not the other way round.
'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.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
Here's a closer look at the showcause notices issued to Lalit Modi
The government has provided a long-term vision.
Indian economy about to take-off
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
While even the Opposition doesn't believe that Kerala Chief Minister Oommen Chandy is personally involved in the solar scam, the Congress leaders reputation has been tainted. And while he tells Indulekha Aravind that it is only a conspiracy, it may have a bearing on the coming general elections
'Godse is no more, but the mindset which gave birth to such distorted philosophy is unfortunately still with us.'
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