Stiff requirements on branch placement and liquidity make for an arduous path to profitability and scale.
To ease pressure due to the coronavirus lockdown, corporate have asked banks and the government for a six-month liquidity line, so that they can pay off their suppliers and employees.
Both the Ambani brothers use this helipad daily to travel to their offices in Navi Mumbai. It sees 15-20 flights daily.
France bestowed the honour in recognition of Bajaj's remarkable career as businessman, his successful management of Bajaj Group and his notable entrepreneurial spirit.
In a recent awards event, industrialist Rahul Bajaj said that India Inc was afraid of criticising the Narendra Modi government, The comment drew flak from Finance Minister Nirmala Sitharam who said spreading one's own impression "can hurt national interest".
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
The partners have, thus, solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008.
The Allianz Group, the German financial services powerhouse, is planning to foray into the booming asset management business in India.
With the government considering a new Bill to make the Indian Institutes of Management answerable to Parliament, India Inc leaders say the time has now come to grant complete autonomy to these institutes.
Differences still persist between Rahul Bajaj, his brother Shishir Bajaj and others on the issue of transfer of shares for finalisng the split of the Bajaj group, the Company Law Board has been informed by the lawyers.
Bajaj Electricals is eyeing companies that are strong in manufacturing and has a good product line, but are weak in financials.
Board meetings of two holding companies stayed.
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
DFS writes to departments that haven't responded to RBI's request for information.
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
The company is set to be India's first microlender to become a bank
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
Rajan has a great track record abroad.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
The private companies announced projects worth Rs 11.33 lakh crore (Rs 11.33 trillion) during 2014-16.
Bandhan financial Services will raise funds via internal accruals.
The depreciation in the yuan has led to a decline in all emerging market currencies
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.
'Research shows that customers want their loans instantly.' 'So the team asked can we reduce the time for approval from 5 days to 30 seconds?' 'It took the company two years of hard work to tear apart our operations and processes and rebuild them through fresh ideas and by leveraging technology.' 'We reduced the time of loan approval to 3 hours and another year to get it down to 30 seconds,' Sanjiv Bajaj tells Surajeet Das Gupta.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
India Inc has pitched for rate cut to boost economic activities.
The RBI has agreed to consider the application of India Post in consultation with the government.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
Additional levy to eat into Rs 6,000-crore income of top promoters
He was a plain talker and never hesitated to put forth his point of view
Licence winners are expected to be announced by the first quarter of 2014.
The one common theme across companies that have rewarded shareholders is consumption.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
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