Cos drafting the project report also conduct audits, followed by loan restructuring, complain bankers.
The transporters’ strike entered into its third day disrupting supply of goods across the country.
Air India reported losses of Rs 1,800 crore till January this year on all international routes, according to an internal analysis.
World Bank arm’s rupee-denominated borrowing surges to top 5 in FY15.
Economic affairs secretary Shaktikanta Das tweeted that those who did not declare foreign wealth under compliance scheme have underestimated the power of information exchange and that they would regret.
Outflows are projected at $541 bn, driven by a sustained slowdown in EM growth and uncertainty about China.
Firms deal with finance, banking, pharma, software.
In the absence of a regulator, developers spring up charges under various heads, some of which aren’t even disclosed till possession.
The prominent high streets — enjoy respectable positioning in the Indian retail scenario today.
The ambitious SEZ to be developed through JNPT-SPV (Special Purpose Vehicle) under the engineering, procurement & construction (EPC) mode is expected to be operational by 2018.
Instruments with ‘D’ rating are in default or are expected to be in default soon.
Even in states where notifications have been issued, there are lapses in the implementation process as no regulations have been put in place to the fitment process.
On new norms for agents, he said, “a corporate agent is going to be intermediary, representing the interest of the customers.
After months of decline, sales of two-wheelers too rose marginally by two per cent by 11,64,864 units ahead of the upcoming festive season.
As per the survey, PMI was weighed down by slower increases in new orders and output as growth of new work moderated to the weakest since June, reflecting challenging economic conditions.
As of now, the country’s largest lender State Bank of India has the lowest base rate in the banking system at 9.30 per cent.
We are rationalising the tax structure. There is a provision to use PAN (Permanent Account Number) card compulsorily in certain transaction, says Arun Jaitley.
AIFs, too, can invest in instruments of offshore VCUs.
The National Stock Exchange's index Nifty regained the 8,000-mark by surging 54.85 points, or 0.69 per cent to, 8,003.75.
Shrinking steel production and flat coal output remain the major reasons.
Last week, the Reserve Bank of India had said that no action under FEMA will be taken against declarations under one-time compliance window.
Attorney General told a bench that the govt would abide by its Sept 2 circular, which accepted recommendations of the AP Shah-led committee on MAT
RGPPL is a joint venture between state-run electricity generator NTPC Limited and gas utility GAIL.
The total land reserves of the Lodha group, which is building 117-storied World One, tallest residential tower in the country, add up to over 5,800 acres.
Equity brokers said sentiments turned buoyant after RBI on Tuesday surprised markets with a bigger-than-expected 0.50 per cent cut in repo rates to 6.75 per cent, triggering buying activity.
Anil Ambani said his group firm RCom is tying up 'trading and sharing' of spectrum with Mukesh Ambani-led Reliance Jio including for the much-awaited 4G services.
The Finance Ministry on Tuesday forwarded a report published in Financial Times, London, that said "India grabs investment league pole position."
Infrastructure in India has improved (81st spot, up by six places) but remains a major growth bottleneck.
As per data available with Centre for Asia Pacific Aviation, investments of $40-50 billion are needed to expand/upgrade airport infrastructure across the country to meet the demands for excess capacity arising from estimated traffic projections.
The scheme is projected to provide employment to at least 500,000 people. Gadkari added non-serious entities should stay away from the scheme.
Although low rates are crucial for investment push, experts and the industry feel that more needs to be done, both by the Centre and state governments.
Commercial cloud services from data centres in Pune, Mumbai & Chennai.
The FT data shows that India attracted FDI for greenfield investment, measured by estimated capital expenditure, worth $31 billion in the first half of 2015, ahead of $28 billion to China and $27 billion to the US.
Lowering cost of capital, increase in EXIM Bank’s capacity for export projects also being discussed.
Bankers sought a reduction in the interest rates on small savings schemes on fears of flight of cash from bank deposits to such schemes.
Excerpts from an interaction with RBI Governor Raghuram Rajan after he announced the monetary policy.