The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite.
Carrier International Mauritius Ltd and Global Investment Ltd are looking to buy over 45 lakh shares in domestic IT services firm Infotech Enterprises, for nearly Rs 162 crore (Rs1.62 billion).
The International Ski Federation (FIS) has refuted claims that athletes' complaints had been ignored in the build-up to the controversial women's snowboard slopestyle Olympic final on Monday.
There is never a dull moment in the sporting world and this weekend was no different.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
The country's fiscal deficit, as a percentage of GDP, would be wiped out if the crude oil price, as measured with the Indian basket, touch $80 per barrel.
The verdict, upholding Centre's November 15, 2019, notification bringing personal guarantors of corporate debtors under the net of the IBC, assumes significance in view of the fact that various high-profile industrialists may now face insolvency proceedings along with their debt-ridden firms under the IBC.
A day after India lodged a strong protest against detention of its fishermen by Sri Lankan Navy, a court in the island nation on Friday ordered the release of 34 fishermen, officials of a fishermen association in India said.
Five fishermen from Rameswaram were allegedly beaten up by Sri Lankan naval personnel when they crossed the international maritime boundary line and netted fish near Katchativu islet early Thursday morning, officials said.
One of every four people in the 27-37-year age group, the most prolific in using digital banking apps, reported a fraud in the past year
Football great Diego Maradona has won a 30-year battle over tax evasion charges in Italy and will soon return to Naples, the scene of some of his greatest sporting triumphs, his lawyer said on Friday.
Pakistan Prime Minister Yousuf Raza Gilani on Saturday rejected American accusations linking Pakistan's spy agency Inter Services Intelligence with the Haqqani terror network, saying the allegations reflected "policy disarray" within the United States administration on achieving peace in Afghanistan.
'The absence of cyber security framework for ATMs is like a dream come true for hackers.'
The staff of Gajalee talk about their most loyal patron Yash Chopra.
Even as uncertainty continued to hamper the financial sector, these companies tided over the difficult times.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
After excluding the shares they have pledged, the promoters hold a meagre 3.55 per cent in the crisis-ridden airline.
India's economic growth rate slipped to 6.9 per cent in the second quarter this fiscal, the lowest in nine quarters.
With the downgrade there is a danger that investors who hold these financial securities may sell out. Of course, the level of selling will depend on the way the investors react to this downgrade.
Tata Consultancy Services TCS) said it has bagged a Rs 85-crore three-year deal for implementing smart card-based Financial Inclusion Solution (FIS) for Indian Bank.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
If the Personal Data Protection Bill gets passed in its present form, a new class of companies and entities could emerge. The sole job of these new entities would be to manage the consent for data usage of a user.Banks, healthcare firms and fintech companies, among others, fear that sharing non-personal data with the government may hurt business interests. Banks also fear the threat of data misuse.
Two Olympic athletes lost chances of early golds when they were prevented from competing after blood tests at the Winter Games returned high haemoglobin levels.
In a major decision to bring petroleum products in line with market rates, the government on Friday freed petrol from all pricing controls and hiked diesel prices by Rs 2 a litre.
Areva has 60-Mw of biomass-based power capacity in India. It is looking to also tap the market for nuclear power in a big way.
The Planning Commission on Monday set targets to augment the country's infrastructure this fiscal, including adding 20,359 MW of power generation capacity and 2,500 km of highways, its Deputy Chairman Montek Singh Ahluwalia said.
Force India has agreed to release Giancarlo Fisichella, who earned the team its first podium finish in Sunday's Belgian Grand Prix, and the Italian will join Ferrari, sources said on Thursday.
The amount of banks' non-performing assets (NPAs) or bad loans brought into the market for sale has more than doubled in the past four years.
Corporate houses, banks and financial institutions account for more than half of the mutual fund industry's total assets under management, while retail investors hold less than one-fourth of the assets, a report says.\n\n
Race for Asia's No. 1 MFI spot: Bandhan now closes in on Grameen Bank
Move to hasten rollout and, if successful, set a precedent for new banking firms.
Driven by an estimated 8.4 per cent growth in the fourth quarter, the economy is expected to grow by 7.1 per cent in the just-concluded fiscal and by a robust 9.2 per cent in the current financial year, the leading economic think-tank CMIE has said.
The Kolkata-based firm already has a presence in 22 states with over 2,000 branches and 5.9 million borrowers.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances