A glance back at some of the important ups and down Indian Inc faced in 2018.
Such is the force of his oratory that many Muslims, even those who don't vote for him, have come to believe that Asaduddin Owaisi is the first and only politician who speaks up for Muslims since Independence, observes Jyoti Punwani
'Investors need to find out how the FMP's assets are distributed and ensure the investments are in high-quality names.'
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.
Kishore Biyani, the founder of Future Group, is treading cautiously with the initial public offer of his venture capital arm, Future Ventures, this time.
A Russian cargo plane crashed in a fireball into a naval residential compound seconds after taking off from the airport of the southern Pakistani city on Sunday, killing at least 11 people--all eight crew members on board and three persons on the ground.
Though the name of Kim Jong-Un was absent from a list of 687 Supreme People's Assembly deputies elected in 2009, the 27-year-old was appointed to Parliament under the pseudonym of "Kim Jong", Dong-A Ilbo newspaper quoted a Western source informed in North Korean affairs as saying.
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.
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.
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).
'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.'
Acquiring Maytas Infrastructure could be his chance to show his organisation's ability to think big.
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.
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.
This was achieved despite falling tourist arrivals post Babri Masjid demolition in December 1992.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
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 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 Armed Forces have swung in to action to extend a helping hand to the civil administration in dealing with the situation emerging out of Cyclone Laila. With the severe storm crossing the coast, the Indian Army has moved three columns, each comprising 96 men, including doctors, from Hyderabad to the coastal districts.
Irumbukkottai Murattu Singam is a homage to the Wild Wild West and works for the most part.
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.
Would any former prime minister have travelled to a rogue country to negotiate for the freedom of just two of its imprisoned citizens?
"President Clinton has safely left North Korea with Laura Ling and Euna Lee," said Matt McKenna, spokesman for Bill Clinton. Clinton apologised to Kim Jong-Il for the behaviour of the two women journalists after which they were released, North Korea media reported.
Kim did not rule out diplomacy with the Biden administration despite that Pyongyang called Biden a 'rabid dog' after Biden labelled Kim a 'thug'.
Chimbudevan who is back in Chennai after shooting the film extensively in unexplored locations, talks about his new film, Irumbukottai Murattu Singam.
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.
Italy's wartime dictator Benito Mussolini, credited with being one of the key figures in the creation of Fascism, was actually British spy agency MI5's 'secret agent,' de-classified documents have revealed.
South Korean President Lee Myung-bak, whose rags-to-riches story is cited as case study across the world, will be the chief guest at the 60th Republic Day celebrations in New Delhi.
A five-day joint exercise involving the Indian Air Force and the United States Air Force transport aircraft, Cope India-09, will be held at Agra from October 19.
One of the key cases influencing the debate on abortion in Ireland was that of Indian dentist Savita Halappanavar, who died of sepsis in a hospital in Galway after being denied an abortion during a protracted miscarriage in 2012.
President Pratibha Patil released a Special Commemorative Stamp in honour of Late Field Marshal Sam Bahadur Manekshaw at the Rashtrapati Bhavan on Tuesday.
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.
An IAF IL-76 plane carried the first consignment of tents, cutting machines, blankets, water purifiers, generators and other relief material to Chengdu, capital of worst-hit Sichuan Province on Saturday afternoon. The 36-tonne consignment, part of the $5 million humanitarian assistance pledged by India, was transfered to the affected areas immediately after its arrival, the Indian Embassy said in Beijing.
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.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
The tunnel would provide all-weather connectivity between Srinagar and Leh-Ladakh
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.
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