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Board For Reconstruction Of Public Sector Enterprises

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President's address to the Parliament

Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

How the iconic Modern bread travelled from Chennai to Mexico

It was the first branded bread, launched more than half a century ago by the government. Sindhu Bhattacharya reports. Wrapped in blue and orange wax paper, it’s a familiar sight on the......

Maker of Modern Bread sold to Mexican baking major

Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Mexican baking major Grupo Bimbo for an undisclosed sum. Everstone......

Why did RBI take this route to save Yes Bank?

'The RBI has not allowed any commercial bank to fail in the past three decades.''It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal......

The little-known company that's buying up distressed telcos

UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group’s Reliance Communications and Reliance Telecom, which are in the National Company Law......

Banks Board Bureau cracks the whip on errant promoters

In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans. IMAGE: Promoters who have agreed to sell their assets to pay off loans will......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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