Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
The mergers will not involve any cash but only share swaps
'If an investor wants to clone an ace investor's portfolio, s/he will be better off cloning the entire portfolio rather than cherry picking stocks selectively.'
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Growing trees means much more than strewing seeds around; it takes an understanding of local climatic conditions, indigenous strains and partnership with local communities.
Urban and rural FMCG sales growth data for the last five quarters show the latter outperformed the former consistently.
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.
Going forward, Vinita Bali, outgoing MD, Britannia wants to do other things in life which she was unable to pursue.
Industrial production (IIP) grew to a three-year high of 6.4 per cent in August, up from 4.1 per cent in July.
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
PM's announcement were focused on those most affected by the note ban.
Tendering the shares in an open offer will lead to higher taxation.
For fast-moving consumer goods, growth is likely to be tepid.
Experts said the higher pay out will boost consumption demand.
EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
Those looking to take advantage of current market conditions should buy only after conducting due-diligence.
India has achieved 100 per cent electrical connectivity, but 100 per cent electrification remains a long-drawn task, says Shreya Jai.
The report, 'Road Ahead Clears Up for Oil PSUs', says the decline in underrecoveries, or losses oil-marketing companies incur on selling petroleum products below market price, will have a significant positive impact on both upstream and downstream public-sector oil companies.
Our focus around technology, cost efficiency, persistency and effective distribution channel will continue, says the ICICI Bank MD and CEO.
The highest domestic package, however, fell 10 per cent
Govt reconstitutes body, says will not interfere in senior PSB appointments
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
Industry experts estimate that demand for loans from the sector outstrips supply by more than $80 billion.
Banks have been patient and flexible in rescheduling loans.
TCS tops the list of 100 wealth creators for the fourth time in a row
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
'The main reason people go to other countries is unemployment in Punjab'
As the Reserve Bank maintained a status quo on key policy rates, analysts said higher demand due to supply constraints will not allow inflation to ease as quickly as anticipated and the apex bank may be forced to increase rates once more by the year-end.
By splitting its business into separate verticals with dedicated portfolio heads, CavinKare looks to improve distribution and facilitate more launches in the future
In 2010, ministry told its officers nominated on PSB boards to stay away from big-loan panels; central bank followed suit.
43 months after Modi's election promise that his government would create 10 million jobs, the reality does not paint a pretty picture, warns Shyamal Majumdar.
The rupee's plunging to record level and a sharp fall in the equity market are knee-jerk investor reactions to the US Federal Reserve's saying the it will slow down bond-buying programme in view of improving American economy.
Power generation and distribution is the most indebted sector
Key macroeconomic indicators suggest softening industrial growth.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
While FMPs no longer offer the same short-term advantage, it is still a good product for the medium term.
Officials in the weather department said the monsoon is expected to be below normal because of the El-Nino effect.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances