Sondi shares his enthusiasm on the expected revival while detailing what more needs to be done to lift the sector.
The RBI proposal has come at time when many of the top business groups are reeling under heavy debt burden.
Banks would only be allowed to lend up to 25 percent of their core capital...
HCIL has recorded a growth of 44 per cent in domestic sales during April 2014 to February 2015 at 1,66,366 units.
India’s first IFSC is being set up at GIFT City near Ahmedabad in Gujarat.
Lloyd’s has underwritten gross premiums of $ 182.7 million in Indian markets during 2014.
Though the state was eyeing the Naini coal block it was given to Telangana government two days ago.
There has been a lot of interest about this device, especially since it was conceptualised in India.
Apart from Tripura, erstwhile Left ruled states of Kerala and West Bengal too had opposed the scheme.
Jaitley emphasised the need to encourage the use of plastic currency and cheques in place of cash.
The Modi-led government has budgeted the highest disinvestment target of Rs 69,500 crore for FY16.
Modi said oil imports which account for 77 per cent of the domestic demand should be cut by 10 per cent by 2022.
The court has also directed JPL to provide the manpower and equipment to CIL.
SpiceJet lost 11 of its Boeing planes after court orders the aviation regulator to deregister the jets.
The benchmark BSE Sensex today ended at 27,458.64, up by a marginal 1.06 points to technically snap the seven-session losing streak...
Insurance Australia Group (IAG) of Australia currently owns 26 per cent of SBI General Insurance, with SBI, India’s largest lender, holding 74 per cent.
The department has tried to “name and shame the defaulters into paying the dues”, a source said. The CBDT has asked the defaulters to pay tax arrears immediately.
The panel was unanimous on the view that it is the development of brownfield cities that pose a challenge and need to be executed efficiently.
With banks approving the proposal, the company will get moratorium on repayment, interest rate reduction and fresh working capital.
This move of rationalising the number of unions draws parallel to a move by the Indian Railways (IR) earlier in 2007, which brought down the number of unions to 2 from 34.
Brent oil jumped 5 per cent early in the session. In New York, Brent was up $2.30, or over 4 per cent, at $58.78 a barrel by 1600 GMT.
Cumulatively, these three players put in bids worth Rs 89,396.92 crore, which is nearly a third of the total value of bids.
Jindal Power’s bid for 2 Chhattisgarh blocks were cancelled.
The benchmark BSE Sensex today plummeted over 654 points in its biggest drop in nearly three months to end at 27,457.58...
The meeting was attended by representatives of micro-finance institutions, NBFCs, banks, NABARD, SIDBI and RBI.
ONGC officials also said that they were keen on being partners in the establishment of a Petro-University in Andhra Pradesh.
The RBI said the restructured portion of the short term as well as long-term loans should be treated as current dues and need not be classified as NPA.
Another fund house CEO added that the AMFI board was also considering to put a cap of 60 per cent even on trail commission but the decision was scuttled because of resistance from small and mid sized players.
Sources said Bharti Airtel, Vodafone and Idea managed to win back most of their licences in the 900 MHz band that were expiring.
Operators of gas-based power units will get monetary support from the government for a period of one year so as to be able to service their debt.
Mani, the leader of Kerala Congress (M), has presented the maximum — 13 — Budgets in the Legislative Assembly as finance minister.
In contrast, the power generation sector has private producers contributing well over one-third of the capacity after the Electricity Act, 2003, opened up the sector to private participation.
Passage of the Bill in the upcoming session is essential as the government has targetted April 1, 2016, for the roll out of the goods and services tax.
Indian markets today fell for the sixth day on the trot with benchmark BSE Sensex falling by about 50 points to end at over nine-week low...
"For Asia, the process of China’s liberalisation is very important," says John Lipsky.
The sale of the power subsidiary is part of the parent company’s efforts to pare its consolidated net debts.