Concerned about the deteriorating financial and operational performance of the Kalanithi Maran-promoted airline, the DGCA had on Friday withdrawn 186 flight slots of SpiceJet and directed it not to take bookings for flights beyond a month.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Will the AIADMK acknowledge the role of CAA and the anti-CAA protests, both inside the state and outside, as among the causes for the current electoral reversal, as many in the party now want? It is unlikely to be so, but then the pressure will increase on the leadership to reassess the BJP alliance at one level and the 'blind support' for Prime Minister Narendra Modi's controversial policies on the other, says N Sathiya Moorthy.
If you have missed your tax filing deadline, there is not much to fret if your tax dues are fully paid, says Anil Rego
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
A logjam on the GST front could turn things upside down and turmoil in Gujarat might also have an adverse impact
GST reform has been hanging fire since 2006-07.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
Mihir S Sharma outlines why this year's Union Budget does not respond to the needs of India's economy, or attempt to frame the economy's future.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
Even the most positive change can inflict collateral damage, discovers Geetanjali Krishna.
What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more.
Look for one with the right mix of qualification, experience, ethics knowledge, and communication skills
'Poor home work, and a subsequent loss of nerve.' 'This sums up the Modi government's current travails, the stall in key sectors, fading momentum, irritability,' points out Shekhar Gupta.
Bhargav Dasgupta, managing director and chief executive officer of ICICI Lombard, tells Subrata Panda, in an interview that the company has adequate capital for now and does not see a need for fresh infusion through markets over the next few years.
The former PM attack on the Modi government for its "disastrous policies" and "economic mismanagement".
In dollar terms, however, gold prices jumped by 26 per cent this calendar year, following sharp jump in hedge funds' long position
The 30-share Sensex ended in the red.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
Payments banks are niche banks set up by the Reserve Bank of India to further the agenda of financial inclusion.
The yellow metal is a safe bet in the long run.
Banking and capital goods stocks were out of favour, while oil and auto stocks saw buying interest.
'While dairy farmers are suffering from low prices, consumers are paying a high price for milk.'
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
MCX has been struggling to raise funds with a rights issue, ending on Thursday.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
His plan revolves around new products, a renewed thrust on exports and some serious cost savings
DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
'The economy needs to deliver the expected 7.5% growth for the markets to deliver better than single digit returns.' 'Any disappointment in growth can see the markets correcting downwards.'
IndiGo's ascent is not without its risks, however.
News of all that's transpired on and off the football field
More punitive action was needed against the company and the management, say experts
The costs involved in putting together a successful rally are bizarre.
Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Shriya Rangarajan has come a long way from the comforts of the western world.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
