While they have restructured loans, there is still question mark over the success of such a work-out
An error does not become a mistake until you refuse to correct it. Errors in your CIBIL credit report can become costly mistakes if you do not rectify them in time. So next time you get your CIBIL report, do not just see the score and tuck it away.
Read the investor-developer agreement carefully before signing the cheque
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
Introduced by Republican Congressman Ted Poe and Democratic lawmaker Rick Nolan, the legislation calls for revoking MNNA status of Pakistan, which was granted to it in 2004 by the then president, George Bush, in an effort to get the country to help the US fight Al Qaeda and the Taliban.
The PMLA court in Mumbai has sought their appearance on September 25 (Nirav Modi) and 26 (Mehul Choksi) respectively under the fugitive economic offender law.
The initial speculation over who is likely to down shutters seems to have given way to a resigned acceptance that all the players are determined to stay in the game.
Urban lives are the opposite of rural ones, especially when it comes to evenings out, says Kishore Singh.
A solitary patch of violet stands out in what are walls blackened high with soot, a reminder of a room that was once coloured with shades of content and is now littered with the detritus of a riot -- except for a bed on which sits Nazar Mohammad. His three-storey home in northeast Delhi's Shiv Vihar Phase 7, one of the worst-hit areas in the recent riots, tells the story of not just three days of clashes but also of hope rising from the ashes of violence.
The ensuing liquidity crisis has prompted many MFIs to seek a moratorium on loan repayment to banks.MFIs raise 75-80 per cent of their funds via bank borrowings, 15 per cent from equity and another 10 per cent from other sources like cash securities.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
RBI deputy governor N S Vishwanathan has said the new framework was in line with the Insolvency and Bankruptcy Code guidelines.
Retail customers of banks, who have to pay exorbitant charges and penalties for basic services and pre-payment of loans, are in for some good news. The Reserve Bank of India (RBI) is considering a ceiling on such charges.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
The regulator in its notice alleged violations of the code of conduct because Chanda Kochhar reportedly had not disclosed the conflict of interest arising out of business dealings among ICICI Bank, Videocon and NuPower Renewables, led by her husband, Deepak Kochhar.
Banks are seeking an order that Mallya should appear in person before the court.
Inter will be his sixth club in a career which began when he made his debut for Anderlecht as a 16-year-old and has taken him to Chelsea, West Bromwich Albion and Everton.
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
According to French sport daily l'Equipe, Morientes has been offered a five-year contract by the English club.
'There are many cases where a company hits the wall because of reasons not under their control.' 'If you do not understand and appreciate that and paint all promoters with the same brush then definitely you are inviting trouble.'
Asked about the selection of chief ministers in Rajasthan, Madhya Pradesh and Chhattisgarh, he said there will not be any issue and it will be done smoothly.
'Fall in line or you will be in the line of fire.'
The Maharashtra Kisan Sabha announced that the strike will be intensified in the coming days.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
It's important to note that most of the celebrities who were approached are yesteryear stars, over the hill and seemingly forgotten.
The ED's line of questioning, officials said, is revolving around Rhea's income, investments, business and professional deals, and links.
Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.
With the Congress party baying for his blood, Union Minister Nitin Gadkari on Monday broke his silence on the CAG report on irregularities in loan extended to his family-linked Purti Group.
India on April 28 asked the UK authorities to deport Mallya.
Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion.
The case will now be listed in the coming weeks for a hearing before a judge, where Mallya's legal team and the Crown Prosecution Service will go to reiterate factors for and against the businessman's extradition to Arthur Road Jail in Mumbai.
Diageo asks Mallya to quit USL board; alleges fund diversion
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.
The single most important issue in Public Sector Banks is corruption.
The Congress has made lack of jobs, along with agrarian distress, its key election plank in the run-up to the December 7 assembly polls.
On December 16, 2015, the apex court ordered disclosure of the defaulters' list, and upheld a Central Information Commission order to this effect.
