News for 'financial distress'

Is a CA job awaiting Ponting?

Is a CA job awaiting Ponting?

Rediff.com19 Nov 2016

With Mahela Jayawardene named coach of Mumbai Indians on Friday, speculation is rife that former Australia skipper and the IPL franchise coach Ricky Ponting may be in contention for a big role in a revamped Australian cricket.

Oppn puts 11-point demand charter before govt

Oppn puts 11-point demand charter before govt

Rediff.com22 May 2020

These parties also asked the Centre to present a revised comprehensive economic package that will be a 'true stimulus' and sought reversal of all unilateral policy decisions, especially pertaining to labour laws, as they put forth a 11-point demand charter before the government during a virtual meeting, called by the Congress to discuss the situation arising out of the pandemic as well as the lockdown.

Can the BJP dethrone Mamata?

Can the BJP dethrone Mamata?

Rediff.com9 Jan 2021

Though the BJP is running too close for comfort, populist schemes and support among Muslims may help Mamata Banerjee overcome the challenge, observes Aditi Phadnis.

Covid-19: Good, bad and ugly of Indian aviation sector

Covid-19: Good, bad and ugly of Indian aviation sector

Rediff.com8 Jan 2021

The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.

Are our hard earned money safe under the new banking bill?

Are our hard earned money safe under the new banking bill?

Rediff.com18 Dec 2017

The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.

Steps to broaden govt securities' market in coming weeks: Rajan

Steps to broaden govt securities' market in coming weeks: Rajan

Rediff.com15 Nov 2013

A 13-member group, headed by RBI Executive Director R Gandhi, has made various recommendations on G-Sec market, retail participation and interest rate derivatives market.

Package should be given in crisis, not for polls: Sena to PM

Package should be given in crisis, not for polls: Sena to PM

Rediff.com25 Jul 2015

Seizing on Prime Minister Narendra Modi's poll promise of 'bigger than Rs 50,000-crore' financial package for Bihar, Shiv Sena president Uddhav Thackeray on Saturday said.

Delhi riots: 'We can only get through this by smiling'

Delhi riots: 'We can only get through this by smiling'

Rediff.com13 Mar 2020

A solitary patch of violet stands out in what are walls blackened high with soot, a reminder of a room that was once coloured with shades of content and is now littered with the detritus of a riot -- except for a bed on which sits Nazar Mohammad. His three-storey home in northeast Delhi's Shiv Vihar Phase 7, one of the worst-hit areas in the recent riots, tells the story of not just three days of clashes but also of hope rising from the ashes of violence.

Odisha politicos turn to the farmer ahead of polls

Odisha politicos turn to the farmer ahead of polls

Rediff.com5 Feb 2019

This race among parties to woo the farmers mainly stems from the analysis of political pundits that the peasant class played a crucial role in the defeat of the BJP in Rajasthan, MP and Chhattisgarh.

5 Indians among 7 charged in bank fraud case in US

5 Indians among 7 charged in bank fraud case in US

Rediff.com1 Jul 2015

If convicted, each defendant faces a maximum penalty of 30 years.

Free meals to sacked Dubai hotel staff

Free meals to sacked Dubai hotel staff

Rediff.com12 Dec 2008

The sea-facing desert city has been hit by a spate of redundancies recently, following the worldwide financial meltdown, which has affected its much vaunted real estate sector. The lay-offs affect both the locals as well as expatriates, mostly from the Indian sub-continent.

Subprime crisis: Citigroup CEO to quit

Subprime crisis: Citigroup CEO to quit

Rediff.com3 Nov 2007

Chairman and CEO of financial giant Citigroup Charles Prince plans to resign at a board meeting on Sunday in face of fresh losses from distressed mortgage assets leading to a $5-billion write-down and sharp drop in profits, media reports said on Saturday. The move would end the four-year tenure of Prince, a longtime lawyer and loyal lieutenant of former Citigroup head Sanford Weill, who assembled the financial giant that stands as America's largest bank by assets, the Wall

Post lockdown: SAVE! SAVE! SAVE!

Post lockdown: SAVE! SAVE! SAVE!

Rediff.com10 Jun 2020

'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'

Do you over spend? Here's help

Do you over spend? Here's help

Rediff.com1 Sep 2006

Policy soon to facilitate entry of foreign banks: RBI Governor

Policy soon to facilitate entry of foreign banks: RBI Governor

Rediff.com13 Oct 2013

Policy with regard to the foreign banks is part of his five pillars of reforms, says RBI Governor.

Nitish cites central guidelines for not bringing Kota students back

Nitish cites central guidelines for not bringing Kota students back

Rediff.com28 Apr 2020

Participating in a video conference along with chief ministers of other states, Kumar spoke about many states having arranged for return of students from the Rajasthan town, and also made an oblique reference to the pressure from opposition parties that his government has been facing on the issue.

DeMo might not have been a success after all: Raghuram Rajan

DeMo might not have been a success after all: Raghuram Rajan

Rediff.com4 Sep 2017

'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'.

Cell cos threaten to hike local tariffs

Cell cos threaten to hike local tariffs

Rediff.com24 Jan 2007

The Cellular Operators Association of India on Wednesday telecom regulator TRAI's order for slashing roaming charges by up to 56 per cent and said the move could lead to increase in basic tariffs.

RBI to soon issue norms for Central Fraud Registry: Mundra

RBI to soon issue norms for Central Fraud Registry: Mundra

Rediff.com29 Mar 2015

Reserve Bank has almost finalised the structure of Central Fraud Registry.

What 2019 holds for the banking sector

What 2019 holds for the banking sector

Rediff.com19 Jan 2019

The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.

Top 10 borrowers account for Rs 28K cr of PSU banks' NPA: Min

Top 10 borrowers account for Rs 28K cr of PSU banks' NPA: Min

Rediff.com10 Mar 2015

As many as 433 borrowers have taken loans of over Rs 1,000 crore.

Budget 2018: States may get more say in farm pricing

Budget 2018: States may get more say in farm pricing

Rediff.com1 Jan 2018

Rural budget set to increase; likely to enhance market linkages for agri commodities

Suicide stalks South Asians in America

Suicide stalks South Asians in America

Rediff.com1 Feb 2007

Social workers and psychiatrists say efforts are not being made to gather and scrutinize statistics of South Asians, including Indians with suicidal problems.

Nana Patekar turns saviour for 113 drought-hit farmers

Nana Patekar turns saviour for 113 drought-hit farmers

Rediff.com6 Sep 2015

Actors Nana Patekar and Makrand Anaspure distributed cheques of financial aid to as many as 113 families of farmers from Latur and Osmanabad districts of Marathwada, who have committed suicides, owing to drought and indebtedness.

Where is Radha Mohan Singh?

Where is Radha Mohan Singh?

Rediff.com28 Dec 2018

'The BJP leadership and its agriculture minister must make up their mind on what kind of corrective measures will be needed for Indian agriculture at this point in time.' 'The sooner Mr Singh provides policy clarity on this vital issue, the better are the chances of India's agriculture and farmers emerging out of their current mess,' says A K Bhattacharya.

Global economy could shrink by almost 1% in 2020: UN

Global economy could shrink by almost 1% in 2020: UN

Rediff.com2 Apr 2020

With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt. The contraction could be even higher if governments fail to provide income support and help boost consumer spending.

48,000 ransomware attacks detected in India

48,000 ransomware attacks detected in India

Rediff.com17 May 2017

The attack is not focused towards any particular industry but it is widely spread across industries

Warner apologises for 'my part' in tampering scandal

Warner apologises for 'my part' in tampering scandal

Rediff.com29 Mar 2018

'It's a stain on the game we all love and I have loved since I was a boy'

China could've stopped virus, but didn't: Trump

China could've stopped virus, but didn't: Trump

Rediff.com21 May 2020

The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.

Moody's downgrades subdebt ratings of 11 Indian banks

Moody's downgrades subdebt ratings of 11 Indian banks

Rediff.com5 Sep 2013

Moody's Investors Service on Thursday downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank.

MFs bet big on banks, exposure up about 50% from FY18-end

MFs bet big on banks, exposure up about 50% from FY18-end

Rediff.com29 Apr 2019

Experts say a combination of improving asset quality and NBFCs' weak balance-sheets bodes well for both corporate and retail banks.

No Indian B-school among top 100

No Indian B-school among top 100

Rediff.com23 Feb 2006

VC fund inflows to scale past $65-b-mark by 2025

VC fund inflows to scale past $65-b-mark by 2025

Rediff.com18 Apr 2019

2018 recorded a strong uptick in start-up investments on the back of some mega deals and was the best year for the sector, surpassing the previous high of $4.8 billion in 2015.

Why sale of stressed assets by banks off to a slow start this year

Why sale of stressed assets by banks off to a slow start this year

Rediff.com15 Apr 2019

Recently, CVC suggested that banks have a monitoring mechanism for bad loan sales to ARCs, with the cash flow statement from stressed assets shared with banks.

How Chandra plans to tackle the 2 key challenges of Tata group

How Chandra plans to tackle the 2 key challenges of Tata group

Rediff.com24 Jun 2019

At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.

US accounts for over 1/4th of global COVID-19 deaths

US accounts for over 1/4th of global COVID-19 deaths

Rediff.com25 Apr 2020

Despite accounting for the largest number of fatalities, the death rate, however, in the US is much lower than other countries.

RBI forecasts lower growth for 2018, sees pickup next fiscal

RBI forecasts lower growth for 2018, sees pickup next fiscal

Rediff.com7 Feb 2018

The statement, issued after the 2-day meeting of the 6-member Monetary Policy Committee of the Reserve Bank of India, also said that recapitalisation of public sector banks along with resolution of stressed assets under the Insolvency and Bankruptcy Code (IBC) will create demand for fresh investments.

The Indian BPO juggernaut rolls on

The Indian BPO juggernaut rolls on

Rediff.com4 Oct 2003

Good Samaritan Bhutia continues to help the needy

Good Samaritan Bhutia continues to help the needy

Rediff.com23 Apr 2020

During his playing days he brought joy to millions and now Indian football icon Bhaichung Bhutia is making a difference to the people of his state Sikkim, who have been stranded in other states because of the lockdown. After having opened his doors to migrant workers, the former India captain has been trying to help his people from his state Sikkim, who have been stranded in other states due to the coronavirus-forced nationwide lockdown.