The NDA government will be following the footsteps of its predecessor, the UPA, which had introduced the concept of "loan mela" to boost credit by directing banks to lend to people through public meetings.
Besides growing tech and digital enhancements, the firms are ramping up the hiring of more delivery partners and reinforcing existing Covid protocols.
'The much-awaited decision could be a welcome change at a time when the Indian armed forces are crying for self-reliance and the defence industry is looking forward to more indigenisation,' notes Nitin A Gokhale.
Consensus continues to be cautious with analysts pointing towards tougher days ahead
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
Oil and Natural Gas Corporation may buyback within five years the 21 per cent equity lenders will have in the loss-making Mangalore Refinery and Petrochemicals Ltd after financial restructuring.
'His working style differs from his father as he is a quick decision-maker.'
Ratul Puri, already under probe scanner of the agency in the AgustaWestland VVIP chopper case, has been arrested by the Enforcement Directorate in connection with a Rs 354 crore bank loan fraud case.
Warrior, 54, had joined Cisco in 2008.
In the cable business, the group is connecting directly with subscribers by taking control of last-mile connections and has lined up Rs 500 crore as infrastructure investment.
As A M Naik stepped down as L&T CEO, there are some things he still needs to take care of. And given his love for his company that's not the last we are going to hear of him yet.
If Microsoft can't clearly define its destination, a confused organisational structure isn't going to help it get there.
The working group, in its report, said retail loans, including housing loans, are different in as much as they do not depend for repayment on the productivity of the asset, which has been financed by a bank.
The Anglo-Dutch merger was meant to revive the ailing British Steel which had incurred a net loss of 81 million in the year ended March 31, 1999
The company and a unit had received tax demands from authorities over a restructuring exercise approved by courts more than three years ago.
The departing directors had criticised the club's handling of a social media scandal and expressed doubts about the board's ability to handle the implications of the COVID-19 pandemic, which has led to a 70% players' pay cut.
Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh.
The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.
Jewellery retailer Damas is mulling quitting India, the world's biggest gold market, drawing curtains on its plans to float a major joint venture and open 100 stores across the subcontinent.
However, banks will not be able to retain the 'standard' asset classification status of the loan accounts in such cases.
The regulator's concern arises from several recent instances.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
L&T operates in 152 businesses, including nuclear reactors, power generation equipment, airports, oil & gas pipelines, roads, computer software and financial services.
Splitting Coal India Limited could increase competition and hence make production more efficient, but opinion is building against it.
T K Kurien, CEO, IT business of Wipro, throws light on the company's strengths of weaknesses and its strategy.
A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
The duo spent almost $400 million in 2018 on rapid expansion as well as discounting to gain new customers, and Uber Eats has managed to edge out Foodpanda by 2 million orders.
Loans of over Rs 1.8 trillion, for which agreement has been signed by banks, are likely to be referred to IBC.
BPL Ltd, which got a reprieve from a host of lenders to restructure its Rs 1,500 crore (Rs 15 billion) debt, has faltered again on the restructured package
Beleaguered General Motors on Tuesday said it will acquire its strongest operations, including the Indian business, once the company steers itself out of bankruptcy.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options.
BSNL Chairman and Managing Director P K Purwar told PTI that the scheme will be open between November 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
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