News for 'financial distress'

Hopes dashed, why India Inc fears Modi now

Hopes dashed, why India Inc fears Modi now

Rediff.com10 Apr 2018

'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.

Budget 2018: A tough balancing act for Jaitley

Budget 2018: A tough balancing act for Jaitley

Rediff.com31 Jan 2018

The Budget may see new rural schemes and stepping up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.

'India needs businessmen in Parliament'

'India needs businessmen in Parliament'

Rediff.com14 Apr 2019

'When you come through the hassles and struggles of business life, your mind is wired differently.' 'You are more connected to reality,' Akali Dal MP Naresh Gujral tells Rahul Jacob and Archis Mohan

Few lessons economies must learn from global crisis

Few lessons economies must learn from global crisis

Rediff.com1 Oct 2015

The World War I had been triggered by an assassination in then relatively unknown Serbia.

Football Extras: USA's Morgan scores 100th to down Aus

Football Extras: USA's Morgan scores 100th to down Aus

Rediff.com5 Apr 2019

News of all that's transpired on and off the football field

Why banks are uncomfortable with bankruptcy code

Why banks are uncomfortable with bankruptcy code

Rediff.com4 Oct 2017

Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues

AI opens doors to restaurants at its Nariman Point building

AI opens doors to restaurants at its Nariman Point building

Rediff.com18 Jun 2014

The loss-making and debt-laden government carrier has earlier leased space in the 22-storey building to banks and offices but this will be first time that commercial eateries will be allowed in the premises.

'It was a privilege to bring our country men home'

'It was a privilege to bring our country men home'

Rediff.com8 Feb 2016

'It was incredibly heart-wrenching to see people waiting to be evacuated -- children, parents and grandparents. Many families did not get to leave together. An order of priority was drawn up, and the first ones to be evacuated were pregnant women, single and/or older women and dialysis patients. Most were happy to be on the plane but also very distressed to have left behind family and friends.'

Finding double-digit growth in India's GDP fog

Finding double-digit growth in India's GDP fog

Rediff.com17 Mar 2015

Investors are sceptical that the economy could have picked up so much steam.

Why India needs bankruptcy code urgently

Why India needs bankruptcy code urgently

Rediff.com19 Jun 2015

The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.

Is Modi's best nowhere near good enough?

Is Modi's best nowhere near good enough?

Rediff.com6 Apr 2018

The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.

Mirach hits back at Sahara; offers to buy out overseas hotels

Mirach hits back at Sahara; offers to buy out overseas hotels

Rediff.com6 Feb 2015

Mirach Capital rejected accusations of indulging in forgery.

Andhra, Telangana farm loan wavier calls don't hold merit: Rajan

Andhra, Telangana farm loan wavier calls don't hold merit: Rajan

Rediff.com5 Aug 2014

Generally, a district collector declares crops in his area as being affected due to a catastrophe, which automatically triggers favourable treatment of bank loans, under which the affected dud loans are not treated as bad loans, Rajan said.

Budget is credible but badly packaged

Budget is credible but badly packaged

Rediff.com1 Mar 2016

As for structural reform, there are signs if one looks hard enough.

Tata Steel may sell stake in group cos to Tata Sons

Tata Steel may sell stake in group cos to Tata Sons

Rediff.com25 Jun 2013

Needs funds for Odisha plant expansion, to cut high debt.

Continue releasing 2000 cusecs of Cauvery water to TN: SC tells Karnataka

Continue releasing 2000 cusecs of Cauvery water to TN: SC tells Karnataka

Rediff.com18 Oct 2016

The Supreme Court on Tuesday retained its direction to Karnataka to release 2000 cusecs of Cauvery water per day to Tamil Nadu till further orders.

18 things that will shape India's economy this year

18 things that will shape India's economy this year

Rediff.com8 Jan 2018

As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.

Opposition slams govt in LS over state of the economy

Opposition slams govt in LS over state of the economy

Rediff.com27 Aug 2013

Citing rising prices, slowdown in growth and depreciation of rupee among the problems facing the economy, the opposition members said in the Lok Sabha that they feared the repeat of the 1991 crisis when the country had to mortgage gold as it failed to meet short-term debt obligations.

When companies override the regulators

When companies override the regulators

Rediff.com23 Mar 2016

Companies think they are too big to bow before regulators.

#MumbaiRains: 'Stay safe,' says Bollywood

#MumbaiRains: 'Stay safe,' says Bollywood

Rediff.com30 Aug 2017

'Mumbai stands tall yet again.' Bollywood raves about the city's resilience.

Modi reforms flicker in rural India, other big challenges remain

Modi reforms flicker in rural India, other big challenges remain

Rediff.com13 May 2016

While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity

Parliament work washed out for 5th day over demonetisation

Parliament work washed out for 5th day over demonetisation

Rediff.com23 Nov 2016

Opposition members kept on shouting 'Pradhan Mantri sadan me aao'.

How liquid is your portfolio?

How liquid is your portfolio?

Rediff.com28 Apr 2016

Besides return and risk, investors also need to weigh the liquidity of the instrument they are putting money in

Corporate debt restructuring cases to come under scanner

Corporate debt restructuring cases to come under scanner

Rediff.com7 Sep 2013

The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).

Loan recast has gone 'out of control': RBI

Loan recast has gone 'out of control': RBI

Rediff.com17 Nov 2013

Till March 2011, things were manageable.

Now, it's advantage for home buyers

Now, it's advantage for home buyers

Rediff.com5 Sep 2013

RBI's move to link loan payment to construction progress is likely to bring down property prices.

IMD or Skymet: Who got monsoon forecast right?

IMD or Skymet: Who got monsoon forecast right?

Rediff.com12 Oct 2017

While the IMD had forecast a 'normal' monsoon for the entire season, Skymet stated that rain this year would be 'below normal', report Sanjeeb Mukherjee and Sahil Makkar.

Why resource-rich economies are in trouble

Why resource-rich economies are in trouble

Rediff.com11 Feb 2016

Countries with abundant resources are faring worse in terms of development than those with less.

Guard against retail asset bubble: RBI to banks

Guard against retail asset bubble: RBI to banks

Rediff.com20 Nov 2014

The central bank says that PSU banks need to generate more internal capital and that the government should cut stake.

As oil plummets, how much pain still looms for US energy firms?

As oil plummets, how much pain still looms for US energy firms?

Rediff.com12 Jan 2015

With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month.

They don't know what Rs 6,000 means for farmers: PM

They don't know what Rs 6,000 means for farmers: PM

Rediff.com3 Feb 2019

Speaking at the inauguration and laying of foundation schemes of various schemes, Modi said, Leh and Ladakh will also be benefited by this.

Whatever happened to job creation?

Whatever happened to job creation?

Rediff.com9 Aug 2017

The government must realise that it has very little time to recover itself, its reputation, its legacy - and India's fortunes,says Mihir S Sharma.

6 states in 18 months: BJP vs Cong

6 states in 18 months: BJP vs Cong

Rediff.com7 Aug 2017

Elections in Gujarat, Himachal Pradesh, Karnataka, Chhattisgarh, Madhya Pradesh and Rajasthan will see the BJP and Congress in direct contest.

Economic Survey paints a sobering picture

Economic Survey paints a sobering picture

Rediff.com1 Feb 2017

Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.

How Centre's WhatsApp messages crashed MGNREGA

How Centre's WhatsApp messages crashed MGNREGA

Rediff.com26 Oct 2016

Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.

Rising inequality can lead to conflict

Rising inequality can lead to conflict

Rediff.com15 Feb 2017

Democracies avoid serious political turbulence only so long as they ensure that the relative level of inequality between the rich and the poor does not become excessively large, says Vice President M Hamid Ansari.

RBI rate cut to drive growth, banks must follow suit: India Inc

RBI rate cut to drive growth, banks must follow suit: India Inc

Rediff.com29 Sep 2015

India Inc on Wednesday said the Reserve Bank's move to cut interest rate by 0.50 per cent is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand and kick-start the investment cycle.

Why Modi has forgotten the middle class

Why Modi has forgotten the middle class

Rediff.com27 Feb 2018

'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.

Celebrity speak: What is the best thing about Budget?

Celebrity speak: What is the best thing about Budget?

Rediff.com2 Mar 2016

Here's what celebrities had to say about Arun Jaitley's Budget.

Government faces flak over Finance Bill in Rajya Sabha

Government faces flak over Finance Bill in Rajya Sabha

Rediff.com27 Mar 2017

The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.