The growing use of mobile phones for storing personal data has become a security concern, says Ashish Narsale/Rediff.com.
Acquiring Maytas Infrastructure could be his chance to show his organisation's ability to think big.
Wrestlers Ravinder Khatri and Babita Kumari have secured spots at the upcoming Rio Olympics after their rivals failed a dope test, taking the total number of quota places from India to eight. Khatri was awarded the berth in the Greco-Roman 85 kg after Kenzheev Zhanarbek of Kyrgystan tested positive at the Asian Olympic qualifier. Babita gets a shot at competing in Rio with Mongolian wrestler Sumiya Erdenechimeg failing the dope test in 53 kg freestyle, also at the Asian qualifier. Last week, Vinesh Phogat clinched a gold as she and Sakshi Malik secured Rio berths in 48 and 58kg respectively at the second World Olympic Qualifying tournament in a historic feat of two Indian women wrestlers qualifying for Olympics for the first time.
Things went from bad to worse since December 2008 for people who purchased bungalows, villas and apartments at Maytas Hill County, promoted by Maytas Properties Limited (MPL) -- the company run by B Rama Raju (Jr), the younger son of Satyam Computer Services founder and former chairman B Ramalinga Raju.
The promoter of Hero Honda, Hero Investments Private Ltd (HIPL), has pledged further shares of the company to IL&FS Trust Company Ltd, raising an estimated Rs 200 crore (Rs 2 billion).
As share of cash volumes in trading mix sees decline, it will result in moderation of profitability from core broking operations.
Automobile company Tata Motors, metals and mining major Vedanta, oil marketing firm Bharat Petroleum Corporation (BPCL), private sector IndusInd Bank, and two-wheeler major Bajaj Auto have witnessed their market cap slip below the Rs 1-trillion mark this year.
The government decided to withdraw its two nominees from the Maytas Infra board following the Company Law Board order handing over the reins of Maytas Infra, promoted by kins of disgraced founder of Saytam, R Ramalinga Raju, to IL&FS.
'The real significance of the visit lies in the extent of the receptivity in Myanmar of the account of Chinese perfidy given by India's military and civilian top brass and how they assess the danger to themselves of dancing with the dragon,' notes Ambassador T P Sreenivasan.
Three financial institutions--IDBI Bank, ICICI Bank and IL&FS Ltd--that have lent money to Maytas Infra informed the Company Law Board on Friday that they are not interested in board membership in the Hyderabad-based firm.
Infrastructure development firm Maytas Infra on Thursday said it has bagged an order worth Rs 790 crore (Rs 7.9 billion) from IL&FS Transportation Networks Ltd (ITNL) for road construction work.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A glance back at some of the important ups and down Indian Inc faced in 2018.
The CLB principal bench, headed by chairman S Balasubramanian, has suggested the Maytas' board should retain its current board and also have government-nominated independent directors. The bench also hinted giving board representation to its lenders, IDBI Bank and ICICI Bank. However, it was against giving a board seat to IL&FS, as the financial institution had given loans to the promoters against pledging of shares.
'Investors need to find out how the FMP's assets are distributed and ensure the investments are in high-quality names.'
Sources familiar with the project said the SPV's promoters were looking at raising the additional capital to acquire up to 250 acres at Thane to complete the first phase of the SEZ project, for which IL&FS is an advisor. Inox Infrastructure Private Limited, a wholly-owned subsidiary of Gujarat Fluorochemicals Ltd, holds 50 per cent stake in Megnasolace.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd.
This is the second project in the country in which a metro rail project is being undertaken through a PPP model after the 71-kilometre Hyderabad metro project was won by Maytas Infrastructure. According to industry sources, infrastructure major Larsen & Toubro had also initially shown interest for the project, but backed out finally.
Such cold-shoulder by banks also indicates a credit freeze that is hard to overcome, unless the government comes out with credit guarantee schemes for loans given by banks. Since that is not happening, and there is no indication of that too, banks are not willing to listen to RBI prodding.
She made it clear that she would not delete the reference to the prime minister.
Though he loves gambling, he cautions against undue risks and says non-professional investors like the salaried class should invest through the mutual funds route and keep aside not more than 10 per cent for self-investing.
Monday saw the Sensex post its weakest closing since July 11 when it settled at 36,265.93. In the previous four sessions the index had lost 1,249.04 points.
During the fourth quarter (January-March), banks step up the activity to meet annual targets. This leads to a race to raise funds from markets often by jacking up deposit rates. This time around, the market has not seen such trend yet.
The domestic deal-making activities were hit by weak corporate governance and a huge liquidity crunch in 2019, while the global deals were also hard to come by due to various factors including uncertainties caused by the US-China trade war, which left many investors in a wait-and-watch mode.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Leading logistics and transport companies are willing to operate Blueline buses on certain lustre routes in Delhi. As many as 11 players have submitted their bids for operating 200 private carriage buses in the capital at an estimated cost of Rs 57 crore
IL&FS, which, along with IFCI and Sicom, had extended loans to the Raju family against shares of Maytas Infra, has asked the government to supersede the board of the Hyderabad-based company.
The auditors also said that the company is in the process of monetising its assets and has submitted a draft resolution plan to the consortium of bankers for restructuring its borrowings and also there have been discussions for stake sale by the promoters to a strategic partner with further equity infusion.
The sites selected for commercial development in the first phase are in Delhi, Kanpur, Gwalior, Vishakhapatnam, Kolkata and Bangalore.There are about 700 acres of railway land in 107 sites across the country, which have been shortlisted for commercial development on public private partnership (PPP) basis.
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
The tunnel would provide all-weather connectivity between Srinagar and Leh-Ladakh
Major shareholders to buy workers' shares in northern gardens.
The Nagpur Municipal Corporation has cleared a proposal to award the work of collecting trash from the doorsteps of citizens to Infrastructure Leasing & Finance Services (IL&FS), New Delhi, and the Centre for Development Communication, Nagpur, for a period of ten years.
Another product for high net worth individuals. However, the expense, in some options, is high.
India, the FS said, expects Pakistan to dismantle all terror camps, including those of the JeM
The Securities and Exchange Board of India (Sebi) is looking at reducing the fees of all mutual fund schemes - equity funds (open- and close-ended), debt funds, index funds and even funds of funds (or FoFs, mutual funds that invest in mutual funds).
North America's confectionery major Hershey Company on Tuesday agreed to form a joint venture with Godrej Beverages and Foods Ltd, in which it would acquire 51 per cent stake, to manufacture and distribute confectionery and beverages in India.
An initial reading of the guidelines indicates two factors - potential rise in borrowing cost and lower returns on investment book - could hit the spread of NBFCs.
'For the same level of return, you can reduce portfolio volatility significantly with a 10% to 15% exposure to international funds.'
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