LIC managing director Hemant Bhargava who was the non-executive chairman of IL&FS, has stepped down from the position with immediate effect, but will continue to be on the board as a director.
Government is confident to have higher growth rate and will meet all capital expenditure targets, the finance minister said.
Shares of Teva, which rose 2.9 percent to close at $22.85 in regular trading, were up another 5.4 percent at $24 after hours.
Latest RBI data showed that the forex reserves fell below the $400 billion mark for the first time over the last one year. It stood at $399.2 billion for the week ended September 7, 2018.
IL&FS has a debt pile of Rs 91,000 crore, with Rs 57,000 crore due to banks, mostly to state-run lenders. Its roads development subsidiary has a debt burden of Rs 35,000 crore.
The impact on the labour force was even much more significant. While the job losses could have been at least 3.5 million, the reduction in the labour force was to the tune of 15 million.
A counsel for Religare Enterprises, which was also a respondent in the case, said there were allegations against the company of siphoning off of funds by the Singh brothers.
The court allowed the company to sell its drug — Ace Proxyvon — and also asked the Health Ministry to place before it all relevant reports on basis of which it had arrived at the decision to ban the medicine.
Inflation in the ‘fuel and power’ basket was 17.73 per cent in August as prices of domestic fuel increased, in line with high global crude oil rates and a depreciating rupee.
Distribution companies across the country are largely owned by the respective state governments. However, the power generation sector in the country has private companies as well as public companies.
To boost ease of doing business, the Committee has recommended that “an integrated single-window clearance process for environment clearance, forest clearance, mining lease, etc., may be created”.
Extending gains for a second session, the domestic unit hit a session high of 71.53 in early trade. Over the last two trading sessions rupee has recovered 79 paise or over 1 per cent against the dollar.
The finance minister added that the government would also take steps to promote exporters and restrict non-essential imports though he did not specify the items on which the restrictions would be imposed.
Rupee benefitted from the massive US Dollar re-pricing in the aftermath of the weak US inflation report, discounting the chances of Fed hiking rates four times this year.
This is the second consecutive week of major fall in the reserves which indicates that the central bank has been selling the greenback to fight the fall in rupee.
Officials from the company based in United Arab Emirates (UAE) met state government officials in this regard at Gandhinagar.
A memorandum of understanding in this regard was signed between the company and Gujarat government on Friday.
Cisco had committed an investment of USD 100 million in the first phase of CDA, where it has completed about 50 projects, including setting up of 10 innovation labs, three smart city showcases and a cyber-range
The compact Beetle was introduced in Germany in 1938 during the Nazi era and came to the US 11 years later. It made a journey from a product identified with Adolf Hitler to a symbol of Germany’s rebirth as a democratic, industrial powerhouse after World War Two.
The original VW Beetle, developed in the 1930s, made a journey from a product identified with Adolf Hitler to a symbol of Germany's rebirth as a democratic, industrial powerhouse after World War Two.