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.
The reasons for China's negative response are located in its territorial dispute with India but also to its grand designs of dominating the region from its previous position of being merely a "balancer" between India and Pakistan, points out Srikanth Kondapalli, Professor in Chinese Studies at JNU.
The op-ed ends with a call to the world to work shoulder to shoulder to end hate, violence and suffering.
Ramesh released some fresh documents including one of 1949 which showed that the Dholpur Palace was owned by the Rajasthan government.
A combined 7.82 million shares representing 36% of free float equity of the private airliner have changed hands on BSE and NSE till 1500 hours.
The International Olympic Committee (IOC) has appreciated Indian Olympic Association's (IOA) concern for the victims of 1984 Bhopal Tragedy but maintained that Dow Chemicals had no ownership stakes in Union Carbide till 2000.
India has around 600,000 villages spread across the country.
Former India skipper Sunil Gavaskar feels BCCI could have postponed the Players' Auction for the 5th edition of Indian Premier League after they came to know about Sahara India's decision to snap its sponsorship contract with Team India and also pull out of the IPL.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
Firestar Diamond, which on its website states that its operations span the US, Europe, the Middle East, the Far East and India, blamed liquidity and supply chain challenges.
As per the existing format, a team is supposed to play six series in the WTC, three home and three away but they are not scheduled alternatively.
Irrespective of the recent performance of Datsun, Nissan is ready to put more resources behind it.
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
The company plans to collaborate with stopover management consolidators, who will participate in the bids to develop food courts and rest areas along the highways. Such stopovers will house multiple restaurant brands, reports Avishek Rakshit.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
RBI says haste in easing norms for banks harmful to economy.
The lack of freedom to make decisions on sound commercial basis is amplifying the financial distress for the Industry players. This lead too ever sharper swings in sugar production from year to year.
The startling story of how a bitter ex-girlfriend helped capture artifacts raider Subhash Kapoor.
As Mahindra readies to unveil its latest version of the Jeep that is so beloved of adventure enthusiasts, the urban crowd as well as the countryside, Rajesh Karkera/Rediff.com traces the vehicle's journey through the decades.
Former IPL chairman Lalit Modi on Saturday blamed BCCI President N Srinivasan's arrogant style of functioning for Sahara Group's decision to snap all the ties with the Cricket Board.
In a surprise development, the Indian cricket team's longtime sponsor Sahara India on Saturday ended financial ties with the BCCI and also pulled out of the IPL by withdrawing from Pune Warriors' ownership just hours before the players' auction.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
A historic railway service flounders for an inflexible privatisation policy.
India had threatened to stop Swiss, which, as the designated airline of that country, 'violated' a vital clause called the substantial ownership and effective control, mandated under the bilateral air services agreement between the two countries.
The Tata Hexa is a very important product for the Indian passenger car maker as it marks the resurrected era of Tata Motors after the blasphemous 2000's Indica era.
The apex court, which delivered a historic unanimous judgment putting the curtains down on the vexatious legal battle that has torn the social fabric of the nation, said citizens of all faiths, beliefs and creeds 'seeking divine provenance' are both subject to law and equal before law under the Indian Constitution.
HNIs are scrambling to do so, as they fear government might introduce inheritance tax. This haste could cost them dear, reports Sanjay Kumar Singh
Mahindra has unveiled a new design study concept at the Auto Expo 2016.
The BCCI made it clear that rules would not be bent for any IPL franchise but it would still reach out to aggrieved sponsors and Pune Warriors owners Sahara India 'as soon as practicable to clarify its intentions.'
New age diagnostic tools come in handy for BharatBenz to predict repair needs and breakdown in advance.
IT czar Azim Premji has given away almost half of his stakeholding in Wipro, India's third largest exporter of software services, to philanthropy.
1.9 million Indians have invested in Speakasia.
The queries, sent in November, were mainly about Capital Investment Trust, which the I-T department said, was used for the purpose of transferring foreign funds comprising global depository receipts (GDRs) of the value of $400 million to two Indian entities - Reliance Utilities & Power (RUPL) and Reliance Port & Terminal (RPTL), owned by the Ambani family. A show-cause notice issued on March 29 to Ambani's wife Nita, and their three children.
Facing all-round criticism for a steep hike of Rs 1.80 a litre in petrol price, state-owned oil companies on Friday said they will roll back the increase in rate if the government gives a directive to that effect.
We should have anticipated it on August 5 last year, when we made the big changes in J&K. Amit Shah left nothing to chance when he told Parliament that 'we will bring back Aksai Chin even at the cost of our lives'. 'Then, there were the new maps, objections to the CPEC going through Indian territory, the weather reports.' A broad territorial status quo had existed in Ladakh-Aksai Chin since 1962. India made its intention to change this public, notes Shekhar Gupta.
An international convention of people of Indian-origin in the US has demanded voting rights for Indian citizens living outside India and Rajya Sabha seats for Non-Resident Indians.
A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.
In peace and at war, firms remain tethered to promoter families in a uniquely Indian way.
The British mobile phone operator was widely expected to go for an international arbitration after its talks with the Indian government failed to find a solution last year.
'Family businesses have to put competent people in charge who believe they can get to the top.'
'If you don't remove the glass ceiling, you won't get the best talent.'
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