It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
For soccer great Diego Maradona, Cuban revolutionary Fidel Castro was more than a friend and fellow Latin American legend, he was "a second father." Maradona said Castro's death late on Friday hit him like a tennis ball to the chest served by Juan Martin del Potro, the Argentine player he cheered on in the Davis Cup final where he received the news. "I wept uncontrollably," Maradona told reporters on the sidelines of the tennis tournament. "After my father, it's the deepest sorrow I know."
For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa.
Traditionally, financial institutions have operated risk functions in silos. However, the nature of unknown threats today requires industry participants to work together, says Vikram Limaye.
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
About Rs 5,600 crore (Rs 56 billion) of investments of some 13,000 investors are stuck in NSEL. Despite reports from several internal committees of regulators and investigative agencies pointing to fraudulent activities, there hasn't been any substantial enforcement action against the exchange or the officials.
At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
The 50-share NSE Nifty ended up 37.05 points, or 0.36 per cent, at 10,397.45 points
Sebi has decided to lay out strict timelines for completion of actions.
'There is an bligation on Finance Minister and Prime Minister to take the country into confidence'.
The bank's overall exposure to the 40 select accounts referred by the Reserve Bank to be resolved under bankruptcy laws is Rs 15,229 crore
Lamine Diack, the former president of the International Association of Athletics Federations (IAAF), was responsible for organizing and enabling the conspiracy and corruption that took place in athletics' governing body, an independent commission of the World Anti-Doping Agency (WADA) said on Thursday.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
If the spouse is the guarantor of husband's business loans, banks can hold her liable for default. Here are ways to ring-fence her assets.
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
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The Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
Bitcoin currently trades at a price of $400 a unit, as against lofty highs of $1,200 early this year
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
Thousands of anti-government protesters led by opposition leader Imran Khan on Saturday reached Islamabad with an aim of ousting Pakistan Prime Minister Nawaz Sharif.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
FTIL prepares to challenge the order in the Bombay high court
'I have been most pained at being painted as an absconder'.
When it comes wildlife, stock market investors can immediately identify with bulls and bears. But there are other animals in the stock market jungle too.
The Central Vigilance Committee has sought loan data from United Bank
Lack of consensus on 'how not to let Jignesh Shah get away' could become a huge embarrassment for the government.
Here's the full text of the statement
Notification, FAQs likely after FM Jaitley returns from the US
Penalties for undisclosed foreign income and assets extend up to 300%.
California-based Mendocino Brewing Company, which sells a number of beer brands including Kingfisher in the US, has got Mallya as its chairman and is owned by UB Group through a complex shareholding structure
What is the National Herald case all about? Here's a ready reckoner.
Wilful defaulters will not be allowed to take up board positions in any company.
In the case of Air India, even competition could not compete with the government.
By castigating the reforms themselves because of the remediable and reversible defaults here and there in carrying them out, Yashwant Sinha is throwing out the baby along with the bath water, says B S Raghavan.
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
Customs and excise duty rates have been amended mainly to promote Make in India.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
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