Promoters of many listed companies have raised finances by pledging their shareholdings. As a result, they pledge their voting rights as well; hence it becomes a risk factor. Deleveraging of such positions has the potential of deteriorating the company's valuation. Some also have projects under special purpose vehicles or under unlisted subsidiaries. Leveraging of such ventures, when not known to the market, is also a potential risk.
Bank loan defaults rose to Rs 74,685 crore (Rs 746.85 billion) at the end of March 2010, with non-performing assets of public sector banks reaching Rs 57,301 crore (Rs 573.01 billion), Parliament was informed on Tuesday.
Within a day of announcing advancement of opening to 0900 hours from December 18, NSE along with India's oldest stock exchange BSE deferred implementation of the proposal to January 4 to give more time to the brokerages to align their operations.
The World Health Organisation has given $ 2 million to a Pune based vaccine making firm to develop and manufacture swine flu vaccine.
At the same time there were few complaints about the wrong reporting of credit information to the Credit Information Bureau (India) Ltd, which was taken up by the RBI with the concerned bank for redressal, minister of state for finance Namo Narain Meena told the house in a written reply.
India's mineral-rich areas have the largest number of poor and are Naxal-affected - there's an obvious story here.
Recently, market regulator Sebi had permitted Indian bourses to extend their trading hours to 9.30 am to 5 pm from the present 9.55 am to 3.30 pm.
Director G N R Kumaravelan says that he has made a lot of changes to suit the Tamil audience.
The partially revised figures for FY'08 stood close to $3 billion at $2,827 million while, the two fiscal years FY'06 and FY'07 saw an outflow of $1.1 billion each and the same was $642 million in fiscal 2004-05.
Malayalam actor Jayasurya talks about life after Ivar Vivahitharayal and more.
The apex court said that he won't be allowed to take any major policy decision till the high-powered committee considers the issue of "divestment of power and authority".
The men and women in Modi's revamped council of ministers have been carefully selected and a delicate balance between administrative experience and balance of power has been maintained.
An ethnic Indian organisation has withdrawn a libel suit filed against the chief of Indian American Intellectual Forum for defaming Congress chief Sonia Gandhi.The Indian National Overseas Congress has withdrawn the libel suit filed in the New York State Supreme Court against president of IAIF Narain Kataria and Arish Sahani for taking out an advertisement in the New York Times which had 'defamed Congress chief Gandhi'.
In a setback to Rashtriya Janata Dal chief Lalu Prasad, his close confidant and national general secretary Shyam Razak today resigned from the Bihar Assembly.
After 47 years in electoral politics, Union minister Sharad Pawar on Monday became a member of the Rajya Sabha for the first time.
The Samajwadi Party on Monday sought the disqualification of six of its Members of Parliament who had defied the party whip and voted against the confidence motion last week.The party, which has already expelled the MPs, made the demand for their disqualification in a representation to the Speaker, Lok Sabha sources said.
Moving the Muslim Women (Protection of Rights on Marriage) Bill, 2019 in the Upper House, Law minister Ravi Shankar Prasad said the proposed legislation should be not seen through a political prism or vote bank politics, as it aims at ensuring gender dignity, justice and equality.
The New Pension Scheme (NPS), launched by the government, was extended to all citizens of the country from May 1, 2009. Under the scheme, 50 per cent of the funds is allowed for investment in the stock markets.
The government will give state fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum Rs 12,000 crore (Rs 120 billion) to partly compensate them for losses on LPG and kerosene by March 31.
The country's growth may moderate to 6.25 per cent -- the lower end of the forecast by the Economic Survey for 2008-09 -- in the current fiscal if the global economic downturn prolongs, the Lok Sabha was informed on Friday.
The government on Friday said total value of Participatory Notes holding Indian shares was Rs 1,03,579 crore (Rs 1.03 trillion) at the May-end and there is no definite trend in the PNs issued since November.
The Allahabad High Court on Thursday summoned the Lucknow Development Authority (LDA) vice chairman for demolishing part of Sahara City on Wednesday night. A division bench of the court comprising Justice Devi Prasad Singh and Justice Balkrishna Narain summoned the Vice Chairman Ram Bhadur on a petition of Sahara India Commercial Corporation Limited.
The high court had passed the restraining order after Ramdev claimed that the book had defamatory content.
The Aam Aadmi Party and the Bharatiya Janata Party on Saturday trained guns at each other as they engaged in vociferous protests on separate issues in the national capital inviting police action.
Mumbai Cutting has been directed by some of the most reputed directors like Sudhir Mishra (Hazaaron Khwaishein Aisi), Jahnu Barua (Maine Gandhi Ko Nahin Mara), Ayush Raina, Shashank Ghosh (Waisa Bhi Ho Raha Hai Part II), Ruchi Narain (Kal), Rahul Dholakia (Parzania), Manish Jha (Matrubhoomi: A Nation Without Women), Revathy (Phir Milenge), Kundan Shah (Jaane Bhi Do Yaaron), (Rituparno Ghosh (Raincoat) and Anurag Kashyap (Black Friday).
Team India's Narain Karthikeyan finished second in the sprint race but had to pull out of the feature race following a crash and finished the A1GP World Cup of Motorsports in 12th position with 19 points, in Brands Hatch, Great Britain, on Sunday.
India's first Formula One driver Narain Karthikeyan said he was never interested in joining Force India and criticised team co-owner Vijay Mallya for saying no Indian was good enough to drive in F1.
Leading international art auction house Christie's has rejected a demand to withdraw from an upcoming auction the works of noted artiste M F Husain who is accused of painting Hindu gods and goddesses in a "derogatory and vulgar" form. In a letter to Christie's, Indian American Intellectual Forum President Narain Kataria had threatened to hold a demonstration unless it stops the scheduled auction of Husain's paintings on March 20.
The Samajwadi Party on Friday expelled six MPs for defying the party whip during Tuesday's trust vote.
Formula One champion Lewis Hamilton will race triple Olympic cycling gold medallist Chris Hoy around Wembley Stadium next month as a warm-up for the Race of Champions event, organisers said on Tuesday. However, 23-year-old Hamilton will be at the wheel of a Mercedes road car while Hoy will be pedalling a cycle on a parallel track constructed over the turf of the national soccer stadium.
What are the most worrisome aspects of climate change for India? Can they be solved?
India has demanded the speeding up of global efforts to ban ozone-depleting chemicals and asked for adequate funding and transfer of related technologies to help developing countries reduce their emission.
Overcoming mechanical issues, Narain Karthikeyan raced brilliantly to finish third in Race 1 of the Mugello round of the Auto GP championship.
Justice Ajay Kumar Tripathy ordered the issuing of notices to Ansari and the Secretary General of the Upper House after hearing a petition filed by Nishad challenging his termination as Rajya Sabha member. Justice Tripathy asked them to explain their stand on the matter and fixed May 14 as the next date of hearing of the case. The order was passed on Wednesday.
Prime Minister Manmohan Singh on Tuesday arrived in Jharkhand to a black flag protest by Bharatiya Janata Party activists over price rise, as police arrested nearly 100 of them in Ranchi and Bokaro. Earlier, the BJP had announced that it would hold black-flag and effigy burning protests across the state to protest against the Prime Minister's visit, in view of spiraling prices. The Bokaro police picked up approximately 25 BJP activists.
We need to clarify the rules for legal slaughterhouses and make sure that these can be enforced.
Reader Santhosh Kurup sent us these pictures from Dubai.
"Why is it that whenever there are no political overtones to a case, the CBI does a good job?" he said.
Nishad had campaigned for the Rashtriya Janata Dal in the assembly elections in Bihar in 2005 despite being a member of the BJP, which had prompted party member Sushma Swaraj to file a disqualification petition against him in December that year. Ansari disagreed with Nishad's contention that he had tendered his resignation from the primary membership of the party on 18 October, 2005 'in an agitated mental condition', which he later withdrew by a letter dated 17 Nov '05.
Twenty persons, including a dozen children, have died of meningo-encephalitis (a combination of meningitis and encephalitis owing both to viral and bacterial infections) in Bihar's Gaya district in recent days.
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