Overhauling India's bloated and often sluggish state banks is critical for the government
Survey shows pessimism on operating parameters and overall economy's prospects has risen sharply; companies want measures to revive growth
After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.
Wajid Ali Shah, the last Nawab of Awadh, was not just a poet, playwright, dancer and patron of the arts, says Payal Mohanka. He was a royal who hand-created his personal calendar.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
The AIADMK supremo retained 13 of her ministers, who were in the previous cabinet, besides inducting 17 new faces including four women.
China's move to devalue its currency has exposed the fragility of its economy.
The CBI has shared its findings with the Enforcement Directorate.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
The estimated cost breakdown is one of the most important forms in the construction loan package.
Government claims big successes in agriculture, rural roads & investment scenario.
Budget should raise revenues & reduce spending to increase capital expenditure.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
The sugar industry clamouring for control and intervention should set the alarm bells ringing in the corridors of power.
Here are some features you should be looking out for if you want to opt for a business loan...
Do not panic if you have a poor credit score. Do not live with the fear of having an important loan rejectd by the lender because of a poor credit score. Here's the solution for your woes
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Delays in implementing power projects, mainly due to fuel issues, could turn Rs 1 lakh crore of bank loans into NPAs if prompt action is not taken, according to a study by KPMG.
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Most infra projects have hit a road block due to high cost of funds.
'A law firm checked credentials of Karan Ajit Judge and Nouam'
The report, 'Road Ahead Clears Up for Oil PSUs', says the decline in underrecoveries, or losses oil-marketing companies incur on selling petroleum products below market price, will have a significant positive impact on both upstream and downstream public-sector oil companies.
In spite of Budget's rural focus, the government has consistently stumbled in agriculture, says Shreekant Sambrani.
Boost to dairy sector will generate jobs
Education sector has reasosn to cheer Budget.
Read this and rest assured you can be on your own against venture capitalists and angel investors
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Education remains one of the key focuses of the new government.
Chelsea icon Frank Lampard scored for Manchester City to end his old club's perfect start to the Premier League season while Leicester City came from 3-1 down to beat Manchester United 5-3 on a remarkable day in the Premier League on Sunday.
The extra tenor that you are eligible for will come in handy if the interest rate increases.
Out to prove his critics wrong, Haryana Chief Minister Bhupinder Singh Hooda says it's not anti-incumbency but pro-incumbency that will work in his favour and give him a third term.
Harassment, corruption and the burden of compound interest for years are also the reasons.
Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of constant talks with optimistic proclamations, as details leaked out of the pact they were negotiating.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
All of 22 and straight out of college, Pavithra YS (pictured below) decided to make a difference and look what she's achieved!
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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