Day: May 10, 2017

Tech Mahindra is set to let go of about 1,500 employees, or close to 1.2% of its workforce, following in the footsteps of bigger rivals

Last ditch effort The ordinance which empowers the RBI to set up oversight panels to look into loan recasts, is being viewed as a desperate,

Automakers are expected to invest $8-10 billion (Rs 51,600-64,500 crore) in India over the next three-four years to set up factories and expand production in

The proposal for a fiscal policy council has gained currency after the Fiscal Responsibility and Budget Management (FRBM) Committee recently recommended it, though not unanimously,

When an agreement is terminated by one party alleging breach committed by the other, the arbitration clause still survives and continues to be operative. This

The end of the March quarter was extremely painful for two-wheeler and commercial vehicle manufacturers. In an unexpected blow, companies were pushed to clear the

In my post-Budget article (“Cover the full ground”, February 8), I had argued that a full reform of government accounts on both flow and stock

The new steel policy has set ambitious targets — a per capita consumption of 160 kg by 2030 from around 60 kg at present; 300-million-tonne

Four years ago when the India’s external finances were going through a mini-crisis and the Rs /$ rate was close to 70 no one would

By April 30, 87 per cent of central excise assessees and 84 per cent of service tax assessees had migrated to the new payment portal.

Ajay Jain, executive director-investment banking & head, real estate group at Centrum Investment Banking, said that most of developers have to borrow project-by-project under RERA

Don’t let the fear of what could happen make nothing happen.” This statement aptly describes the conduct of a banker when it comes to recovery

Impact on Rental Housing Other doubts pertain to the rental housing market, which would naturally be impacted if the Government were to tax residential leases

Banks can initiate loan recovery proceedings without waiting for an account to be formally classified as non-performing, as the latest amendments to banking rules allow