A Mumbai-based investor who has stakes in a few startups and unlisted companies is seeking to exit the investments in the next few months. Another
Lenders invoke IBC norms to keep stressed assets in NCLT – The Economic Times
Lenders will cite one day default clause under Insolvency and Bankruptcy Code (IBC) to defend their action against erring promoters taken to insolvency under the
All is well with Modi’s Mudra loans; NPAs within RBI limits, says finance ministry official – The Financial Express
The non-performing assets (NPAs) under Modi government’s flagship scheme Pradhan Mantri Mudra Yojana (PMMY) for promoting small businesses are within the Reserve Bank of India’s permissible
After suspension of operations, lenders explore ways to lease Jet Airways’ aircraft – The Financial Express
Lenders of the now-grounded Jet Airways are looking at raising funds through leasing of the aircraft owned by the carrier, which include 10 Boeing 777
RP moves NCLT for extension of Asian Colour Coated Ispat deadline | Business Standard News
Sole bidder JSW Steel’s Rs 1,200 crore offer for downstream company, Asian Colour Coated Ispat Limited, may be under a cloud, as the resolution professional and the
Bankers hope for less pain as RBI readies new stressed-asset norms – The Hindu BusinessLine
Bankers are hoping the Reserve Bank of India (RBI) will be somewhat liberal when it brings out a fresh circular on the resolution of stressed
Modi promises ₹50-lakh loan without collateral, welfare board for traders – The Hindu BusinessLine
Prime Minister Narendra Modi on Friday promised traders ₹50-lakh loan without any collateral, credit card facility and a pension scheme for small shopkeepers as he
Why leeway under IBC eludes many MSMEs – The Hindu BusinessLine
In a bid to keep out errant promoters and wilful defaulters, Section 29A was introduced in the Insolvency and Bankruptcy Code in 2017. But given
IBBI suspends erring insolvency professional for two years – The Hindu BusinessLine
Insolvency regulator IBBI has suspended for two years the registration of Sanjay Kumar Ruia, an insolvency professional. This follows the IBBI’s Disciplinary Committee concluding that
RBI minutes: MPC members divided over interest rate cuts, RBI minutes show – The Economic Times
Weakening of domestic growth impulses and global slowdown prompted RBI Governor Shaktikanta Das to vote for a 25 basis points cut in interest rate announced earlier this
RBI Monetary policy: RBI inflation goals need to be reviewed: PM’s adviser–Economic Times
By Archana Chaudhary India’s new government should review the central bank’s inflation goals, including whether consumer prices or the underlying core measure is the appropriate
Prepare to turn the page on Jet Airways–Economic Times
Shed a tear for Jet Airways, but there is no case for a torrent of sympathy for the airline grounded by protracted mismanagement. The only
jet airways: Jet suitors ask lenders to settle for 80% haircut – The Economic Times
Jet Airways’ temporary shutdown has significantly aggravated problems for the airline with potential investors asking lenders to take an upto-80% haircut on their Rs 8,500-crore
Jet Airways crisis: Why did banks delay work on a solution for so long? – The Financial Express
Jet Airways crisis: Why did banks delay work on a solution for so long? At the risk of sounding harsh, it must be said that
No career growth? Move to Pune for better job prospects; check other best cities to work – The Financial Express
A worrying trend often seen in India is dissatisfaction from the current job due to lack of growth. If you are also one of them,
When you are done with elections, review how RBI sets inflation target, says Modi’s economic advisor – The Financial Express
India’s new government should review the central bank’s inflation goals, including whether consumer prices or the underlying core measure is the appropriate target to use
RBI governor cites weak investment demand as reason for 25bps rate cut – The Financial Express
With the inflation outlook looking benign and headline inflation expected to remain below target in the current year, it becomes necessary to address the challenges
RBI–Rate or stance? | Business Standard Editorials
Reserve Bank of India (RBI) Governor Shaktikanta Das stoked a debate last week when he urged central banks across the world to think “out of
CBDT identifies 20.4 million non-filers, asks I-T dept to take action | Business Standard News
The Central Board of Direct Taxes (CBDT) has directed the Income-Tax Department to initiate penalty proceedings by June 30 against non-filers and ‘drop filers’ of tax returns.
The exports puzzle – The Hindu BusinessLine
It’s a statistical conundrum. Exports in March 2019, at $32.6 billion, were not just up 11 per cent year-on-year, but also capped a 9 per
