Lower bank rates the main draw; $6 bn to be raised in next few months.
The Congress on Thursday questioned the decision of State Bank of India to give $1 billion loan to Adani group for the development of Carmichael coal mine during Prime Minister Narendra Modi's just concluded visit to Australia.
With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions
Burman had sought permission to travel to Dubai from May 3-7.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
Tightening the norms, Income Tax (I-T) Department has introduced a new column seeking details of foreign assets in the Income Tax Return (ITR) forms for the 2012-13 assessment year.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
It is not often that you find a mechanical engineer leading the private banking business of a foreign bank in India.
Yoga guru Ramdev on Thursday launched his second round of indefinite protest in New Delhi demanding bringing back of black money stashed away abroad.
Despite the rash of reform steps announced over the weekend, Standard Chartered India on Monday sharply lowered its GDP growth forecast to 5.4 per cent for FY'13 from 6.2 per cent earlier, citing slowing consumer demand, an anaemic industry and a weak services sector.
Yoga guru Ramdev on Thursday called Prime Minister Manmohan Singh a 'feeble' prime minister and asked his followers in Punjab to participate in his protest against the United Progressive Alliance to be held in Delhi on August 9.
The court had earlier allowed Burman twice to go abroad, including a trip to London to attend his ailing brother there.
RBI said from data it had compiled as of March 31, 2013, four to six domestic banks would qualify under the D-SIB category.
The reason why private banks will play the deposit pricing game strategically is the weakening of banks' deposits base given the competition from MFs and insurance companies due to tax-savings schemes.
Accusing the government of large scale corruption, Opposition parties in the Lok Sabha on Thursday asked it to disclose the names of those who have stashed unaccounted money in foreign banks.
The new ITR forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions.
Reliance to M&M and Bharti and Vedanta, talent migration picks up at all corporate giants
The domestic currency has fallen past the 56-level against the dollar after June 29.
Janata Party President Subramanian Swamy on Monday met Central Bureau of Investigation director and demanded registration of cases against Indians who have allegedly stashed away money in foreign banks.
The BCCI and its officials did not open a separate bank account in South Africa
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
Yoga guru Ramdev on Friday asked the people to "teach Congress a lesson" by not voting for its candidates in the upcoming Uttar Pradesh assembly polls because of the party's "failure" in bringing back black money stashed away abroad.
Slammed the Centre for trying to shield black money holders, the Apex court has said that the list must be revealed by Wednesday.
Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.
A high power committee comprising heads of various probe agencies and specialised departments has been constituted to monitor the investigation and steps taken to bring back black money stashed in foreign banks, Government told the Supreme Court on Monday.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
There is much more that the government can do to track money hidden abroad.
It claimed doctors were being paid 'for referring medical tests'.
Demand on rise as companies look to expand in Asian, European markets
Despite fears of slow economic growth, the health of their unsecured assets are not so likely to be stressed.
Be aware of the new charges being introduced and transact online to save on costs
'We may bite the bullet and draw up plans for privatisation.' 'If that is done now, the sale of the government stake will fetch money; a delay will see erosion in whatever value is left in these banks,' says Tamal Bandyopadhyay.
Alleging that the Congress government at the Centre was cheating Anna Hazare on the Lokpal Bill issue, Baba Ramdev on Tuesday said that he would campaign against the parties opposing to bring back the black money stashed away in foreign banks.
Tax Information Exchange Agreements between countries are one way to prevent, or at least curb, the flow of illicit funds.
The Rashtriya Swayamsevak Sangh on Monday lashed at the Centre for its midnight crackdown on protesters, including women and children, at Ramlila Maidan in Delhi, while admitting that it "extended" support to yoga guru Baba Ramdev's agitation.
The integrity committee of the Pakistan Cricket Board has exonerated former captain Shoaib Malik of "any questionable source or activity" vis-a-vis his earnings, paving the way for his inclusion in the national team.
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