India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
Shares of small-cap companies have been on a roll with the S&P BSE Small-Cap index hitting a new high in intra-day deals on Thursday. The rally has been fueled by an up move in stocks of chemicals, cement, graphite electrode makers, pharmaceuticals and information technology (IT) shares. In the past two weeks, since March 25, the index has outperformed the market by gaining 7.3 per cent. In comparison, the S&P BSE Midcap index was up 6.1 per cent, while the S&P BSE Sensex gained 3.6 per cent during the same period.
Under the MCA, one of the joint venture would be to manufacture LCVs, in which Ashok Leyland would have an equity stake of 51 per cent and the Nissan 49 per cent, Gopichand P Hinduja, President of the Hinduja Group and Carlos Ghosn, president, Nissan, said.
The actor is said to have been advised complete rest for at least four weeks.
Isn't it time to review the 'fit and proper' criteria for banking licence, particularly with reference to individuals applying for it, asks Tamal Bandyopadhyay?
In the wake of the 2G acquittals, here are a few high-profile cases in which question marks were raised by various courts over the CBI's probe.
'Within just a day, they had binge-watched the entire season 2 and now they are asking for season 3!'
Hinduja group company Hinduja TMT Ltd said on Thursday it has completed the sale of its entire stake in Hutchison-Essar Ltd for over Rs 2,089 crore (Rs 20.89 billion).
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
State-own oil explorer Oil and Natural Gas Corporation and the Hinduja group have been offered 40 per cent stake in the development of phase-XII of the giant South Pars gas field of Iran.
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
'In the second wave, probably due to the mutants, probably due to COVID-19-inappropriate behaviour, we are seeing it coming in the younger population, say from ages 30 to 50.' 'Also, we've seen that sometimes they deteriorate pretty rapidly and therefore we may need to keep a closer watch on the symptoms and on the oxygen levels at home.'
Resolution professional, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown early interest for investing in Jet. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.
IndusInd Bank, a private-sector bank in India promoted by the UK-based Hindujas, will launch a $1 billion fund for deployment in the country's infrastructure sector besides its foray into semi-urban and rural areas.
President Kovind offered his condolences to Kumar's family and said his demise marks the end of an era of Indian cinema.
Most feel as the movement of people normalises, the in-patient volumes in hospitals will grow and by the end of May, occupancy should be around 50 per cent, and 75 per cent over a period of time.
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
Financial creditors shall submit their claims with proof by electronic means only, resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
A look the youngest member of 'Khan'daan!
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
'If a doctor is kind of trying to say that there's an urgency, relatives should definitely get a second opinion.'
Salman's sister Arpita gave birth to her baby boy on March 30.
'The problem is delaying (or missing) the second dose would probably keep you at a 20 per cent risk of still getting COVID-19, till you are fully immunised.'
Kanika Myer goes back in time to share her memories.
The growth was led by family-owned companies and business groups with presence in pharmaceuticals, information technology services, and consumer products.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
Pakistan Prime Minister Imran Khan on Wednesday condoled the death of Indian cinema icon Dilip Kumar, saying he can never forget his generosity in helping to raise funds for a trust to set up cancer hospitals in his mother's memory.
'There are no drugs to be given in the first week, if you have been hospitalised.' 'If you're getting any drug, that drug is likely to be unnecessary.' 'Or the hospitalisation is unnecessary.'
State commerce and industry minister, Nirupam Sen, and secretary, Sabysachi Sen are in Mumbai and have held a series of meetings with industrialists in Mumbai, including Tata group chairman, Ratan Tata, Mukesh Ambani of Reliance and Ashok Hinduja of the Hinduja group.
'When I meet Raj and DK next, I will force them to tell me!'
The actor, who was suffering from dengue, was discharged on October 3.
The bench said the Union Cabinet Secretary will be the convenor of the task force and may nominate an officer not below the rank of Additional Secretary to depute for him, when necessary.
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