Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
The much-awaited results of the stress tests on the nation's 19 largest Bank Holding Companies showed that 10 of them need more capital to the tune of $75 billion while the remaining including Goldman Sachs and American Express are well-capitalised. The stress tests were aimed at determining capital buffers sufficient for the 19 entities to withstand losses and sustain lending -- even if the economic downturn is more severe than is currently anticipated.
CBI's press information officer and spokesman R K Gaur said the editorial "gives the impression" that action is not being taken against other big loan defaulters and that the raids on NDTV's founders were a part of a "vendetta" against the broadcaster.
'The one sector where there is still a sense of crisis is banking, but the government has regrettably set its face against privatising any of the government-owned banks,' says T N Ninan.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
The Reserve Bank of India (RBI) has decided "in principle" to bring under its regulatory ambit holding companies floated by business groups and companies that also own non-banking finance companies (NBFC).
The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing.
FIPB has deferred 18 proposals.
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Ten out of the 16 sponsors will appear on team's apparel.
Tata Steel, India's largest steelmaker, has consolidated all its overseas assets including Corus under a new holding company, Tata Steel Global, to raise funds for its overseas expansion including future acquisitions.
Bharti Enterprises, the holding company of Bharti Airtel and other businesses such as insurance and retail is aiming to achieve $10 billion revenue by 2010 and become a strong conglomerate a decade later, its chairman Sunil Mittal said on Monday.
All in all, Cairn India shareholders are getting a 9.1 per cent premium based on closing prices of July 22
After dropping "Kolkata" from Indian Premier League team Kolkata Knight Riders, actor Shah Rukh Khan has started discussions with Nokia, Sahara, the Anil Ambani group, and several other companies to sell the team he bought just over a year ago for Rs 300 crore, and exit the business.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
With no equity infusion from the government in sight and the company posting losses to the tune of Rs 2,154 crore (Rs 21.54 billion) in FY'08, the National Aviation Company of India (NACIL) has tightened its purse-strings.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
Google Inc announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars.
Air India has given a two-fold increase in the salaries of its executive (officer grade) cabin crew to Rs 2.25-lakh, with retrospective effect from June 1, 1997. The move is likely to put an additional burden of Rs 170 crore (Rs 1.7 billion) annually at a time when the airlines are making losses due to economic slowdown.
Bharti Telecom, the unlisted holding company of Bharti Airtel, may issue fresh equity to the MTN group to give it the 25 per cent economic interest in India's largest mobile service provider.
India 's Tata group is moving to launch a full-service bank should restrictions preventing industrial groups from owning substantial stakes in banks be relaxed.
Air India had planned to launch the service in October but had to defer it as two of its cargo aircraft had to be sent for mandatory checks following an advisory from the Federal Aviation Administration, the official said. These aircraft are expected to join the fleet shortly along with one Airbus A310-200 configured freighter next month, the official said.
CPPIB is looking to partner with RMZ because the latter is aggressive on both new developments and acquisitions.
The Foreign Investment Promotion Board on Friday gave conditional approval to the proposal of InterGlobe Aviation which would pave the way for fresh foreign direct investment in private air carrier IndiGo.
Tanti, who acquired Germany's REpower Systems last year, today announced plans to buy Chinese wind energy company Honiton Energy Holdings. The acquisition will be concluded through Colossus Holdings, a Singapore-based holding company of the Tanti group, and Bahrain-based private equity company Arcapita Bank for over $500 million (Rs 2,162 crore), sources said.
Reliance Globalcom will become the holding company for the global operations of Reliance Communications (which offers voice services like Reliance India Call, Reliance Global Call, Reliance Netcall and Reliance Passport), the submarine cable subsidiary Flag Telecom and the recently acquired US-based Yipes Enterprise Service (an Ethernet technology major).
Goldman Sachs on Tuesday reported its first quarterly loss since it became a public company in 1999, after a severe decline in asset values, including real estate, hit the bank's revenues.
The one common theme across companies that have rewarded shareholders is consumption.
Tatas's total debt could cross Rs 100,000 crore by the end of this month, according to Kotak Securities, a domestic brokerage. The group's debt has more than doubled in the current financial year. Last year, it was around Rs 30,000 crore. It now stands at Rs 70,000 crore. This is a result of the group's aggressive capital expenditure plans and past acquisitions, says the report.
The deal in question is the sale of Devkripa Vyapar Pvt Ltd, the holding company of Akhon Samay, a news channel that never went of air.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
The finance ministry wants the central bank to permit corporate houses to use FCEBs for import of capital goods. The ministry said RBI's proposal to limit the use of the instrument only for financing overseas acquisitions by Indian companies is "too restrictive."
Demand for steel and its prices have declined of late due to the global economic downturn. Globally, steel prices have almost halved from the peak of $1,200 per tonne earlier this year.
Exchangeable bonds are instruments that allow a holding company or the parent company of a group to raise funds from the overseas market for use by any of the group companies. The bonds will then be converted into shares of the company for which funds were raised. RBI has sent a cautionary note to the government stating that the rules for exchangeable bonds will have to be aligned with the norms for external commercial borrowings.
Turner International, part of the Time Warner Company, will launch a Hindi entertainment channel and a slew of other language and genre channels in India. The channels will be established in association with Alva Brothers, the holding company of production house Miditech
ICICI Bank was the top Sensex gainer after S&P Global Ratings affirmed its 'BBB-' long-term issue ratings on the senior unsecured bonds.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Though Buffett, chief of the Berkshire Hathaway holding company, supported Obama in the race for the White House, McCain was all praise for Buffett's contribution to the global economic crisis.
The company has already booked Rs 5,450 crore (Rs 54.5 billion) revenue from sale of 5 million sq ft it has sold to DAL. DLF on Tuesday clarified to the exchanges that it had been looking at various options from time to time but no definite option had been presented to the board so far for its consideration.
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