TEXT: President Patil's last address to Parliament

President Pratibha Patil on Monday addressed Parliament for the last time as President when she flagged off the Budget session. Here's the text of her speechHonourable Members I welcome you to this......

PSUs became the biggest laggards on Indian bourses

Market cap of government companies has remained unchanged in the past 8 years. Illustration: Uttam Ghosh/Rediff.com India’s listed public sector undertakings (PSUs) continue to be laggards......

Bankruptcy will influence M&A trend in 2018

Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones. On the first day of the year when most are on holiday, Sourav Mallik, joint......

Partnership with Jio a virtual merger: Anil Ambani

Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this Anil Ambani, chairman of the......

Insurers set the ball rolling on foreign stake hike

Bharti will move FIPB soon for increasing Axa's stake to 49%, Reliance Cap to begin talks with Nippon. The Insurance Laws (Amendment) Bill, passed by Parliament after a six-year wait, will shake......