State-owned Indian Strategic Petroleum Reserves Ltd (ISPRL), which operates India's strategic crude oil storage, will make awards by December to lease around 1 million tons of crude oil storage space (7.3 million barrels) at two of the country's three existing Strategic Petroleum Reserves (SPRs), around a fifth of the total SPR capacity. This will enable the refilling of crude caverns even as escalating hostilities in the Gulf threaten disruptions in crude supplies, two industry sources said.
'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'
The Physically Challenged Cricket Association of India (PCCAI) secretary Ravi Chauhan on Wednesday, said, Medcalf took the initiative to help the disabled cricket players under aegis of PCCAI.
Taking a sceptical view of MUDRA program, Shiv Sena sought to know when the distressed farmers get help and how does the government plan to curb their suicides.
Number of suicides due to financial distress rose 13.6 per cent compared to 2012
The Bill when enacted will pave the way for setting up of the Resolution Corporation
How do you cope with a home loan EMI that's becoming unmamanageable due to various reasons? Can going for a personal loan to pay home loan installments a good idea?
A husband has no control over his wife's 'stridhan' (woman's property) and while he may use it during the time of his distress, he has a moral obligation to return it to his wife, the Supreme Court has reiterated while directing a man to pay Rs 25 lakh to a woman in return for her lost gold.
The total amount of money various entities have raised through the private placement route is at its lowest since 2014. They raised a total of Rs 1.96 trillion in the first five months of 2022, revealed the numbers from PRIME Database. It is down 23.4 per cent from the Rs 2.56 trillion raised in the corresponding period in 2021.
A local official confirmed the incidents but said the causes of these suicides were yet to be ascertained.
Protesting delayed payment of salaries and allowances, a section of Air India pilots today warned they would not undertake flying duties from April one if their dues were not cleared by then.
The best option to reduce farm distress in the state is that when the rains fail, the state -- the central and the state government -- provide a financial cushion for the farmer
With buyers playing safe, projects such as Delhi-Gurgaon Expressway find it difficult to get new concessionaires
Defaulting on the payment is a serious offence and one must avoid it at all cost. But if at all you default on one, here's how to handle the tricky situation.
Zeenat Aman shares pictures from Shammi Kapoor's directorial debut Manoranjan where she played a sex worker, Nisha and spoke in detail about how the moral police had a field day because of her flirtatious and sexy outfits in the film.
Indian National Developmental Inclusive Alliance (INDIA) MPs, including Congress president Mallikarjun Kharge, Congress Parliamentary Party chief Sonia Gandhi and Leader of Opposition in the Lok Sabha Rahul Gandhi, staged a protest in Parliament premises on Wednesday over the alleged discrimination against opposition-ruled states in the Union Budget.
The ministry of railways has projected a three-time increase in Plan size to Rs 7,19,677 crore (Rs 7,196.77 billion) for the five-year period.
RBI Governor Shaktikanta Das on Friday called upon G20 nations to resolutely address the challenges, like threats to financial stability and debt distress that confront the global economy. Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, Das said although the outlook for the global economy has improved in recent months and there is now greater optimism that the world may avoid a deep recession and only experience slow growth or softer recession,"yet uncertainties lie ahead of us." "Together we must resolutely address the challenges that confront us, including those that are of medium to long-term nature such as threat to financial stability, debt distress, climate finance, fractures in global trade and strains on global value chains.
US insurance giant AIG's plan to give massive bonuses of $165 million to its executives has drawn flak from the White House leaders, with President Barack Obama vowing to pursue legal measures to block these payments.
Parents who give their daughters-in-law a hard time for not being able to fulfil their desire of "preserving their family tree", need to be educated that it is their son and not his wife whose chromosomes will decide the child's gender, the Delhi high court has observed.
Dow Jones Indexes, a leading global index provider, has removed scandal-hit Satyam Computer from its 'Dow Jones India Titans 30 Index' and replaced it by Axis Bank.
According to data analysed by KPMG, 2009 may see personal insolvencies reach record levels, with over 1,50,000 people entering into an individual voluntary arrangement, being declared bankrupt or entering into a debt relief order. IVAs enable an individual in financial distress to approach his creditors with a plan to restructure his debts. This typically involves the debtor making regular affordable monthly payments for a fixed period of time.
Amidst global financial distress, State Bank of India has hinted that it is mulling overseas bank acquisition. SBI Chairman O P Bhatt today indicated that though there were no immediate plans, but the bank was definitely having a look at it.
In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.
Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
Public sector lender Punjab National Bank (PNB) has moved the Insolvency appellate tribunal NCLAT against the approval of bids for defunct airline Jet Airways. The National Company Law Appellate Tribunal (NCLAT) bench has issued a notice over the PNB's petition along with its interim plea seeking a stay over the execution of the resolution plan. A three-member bench has directed the Resolution Professional of Jet Airways along with other parties including the Committee of Creditors to file a reply within two weeks and rejoinder, if by PNB, within one week.
To tell us about your father, just mail us at getahead@rediff.co.in (subject: My father) along with your name, the place where you live, your father's name and picture and your message about him.
Speaking at the Delhi Economic Conclave in New Delhi, Reserve Bank of India Governor Raghuram Rajan said the central bank will come out with a discussion paper next week with regard to distressed borrowers and rising non-performing assets.
When it comes to making investment decisions, women tend to shift this responsibility on their close family members. While trusting one's close family members is not wrong; completely depending on them can lead to trouble when one is left alone. The reasons could be an eventuality in the family or a separation from spouse.
'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'
Legendary Sunil Gavaskar's 'The CHAMPS Foundation', which has been helping a lot of sports personalities under financial distress for more than two decades, have come to the aid of ailing hockey Olympian Mohinder Pal Singh.
Delhi Finance Minister Atishi on Monday announced the 'Mukhyamantri Mahila Samman Yojana' for the 2024-25 fiscal, under which Rs 1,000 will be given monthly to women aged above 18 from the fiscal year 2024-25.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
'This was earlier driven by industries and the commercial sector.'
Alternative Investment Funds (AIFs) with a lock-in period performed better than the ones that allow investors to withdraw capital at any time. Close-ended schemes had a median return of 5.62 per cent in December, according to data from industry tracker PMSBazaar. The median returns for open-ended schemes were 3.91 per cent
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
