In a development that takes it closer to averting bankruptcy proceedings, Reliance Communications (RCom) has secured approval of its overseas bondholders for the revised terms.
Day: August 25, 2018
Look beyond GDP numbers: The broader India story does not shine as much | Business Standard Column
The manner in which the two leading political parties got into a tizzy over some new numbers on growth of gross domestic product (GDP), put out by
Will do ‘whatever it takes’ for US economy, says US Fed chief Jerome Powell | Business Standard News
Avoiding any direct reference to President Donald Trump’s renewed criticism of the Federal Reserve’s handling of the economy, Fed chief Jerome Powell said on Friday the central
Formalising MSMEs: New private banks lead MSME lending – The Financial Express
Advances to small enterprises are currently witnessing the highest growth among sub-segments. With the introduction of the GST, micro, small & medium enterprises (MSMEs) are
End dual control of PSBs, says Reddy – MONEY & BANKING – The Hindu BusinessLine
YV Reddy, former Governor of the Reserve Bank of India, on Thursday called for putting an end to the ‘dual control’ of public sector banks.
Rupee depreciation: Fall collection unveiled–Economic Times
By Rana Kapoor The rupee has generated significant degree of media attention in the last few months, with the currency touching a record low of
US Federal Reserve to continue gradual rate hikes to manage potential risks – The Financial Express
US Federal Reserve Chair Jerome Powell has reiterated that the central bank will stick to the strategy of gradual rate hikes to manage potential risks
Well just to be fair, Indian authorities have brought down the fiscal deficit: Raghuram Rajan – The Financial Express
Former RBI Governor Raghuram Rajan has said that the rupee has not depreciated to ‘too worrying levels’, though the government needs to take care of the widening current account
Demonetisation killed rural wage growth, shows Ind-Ra data – The Financial Express
India’s rural wage growth has slumped from an average of 11% in the financial years 2013-15 to a mere 0.45% in the financial years 2016-18, due
Just 3 days left: Round 2 of war on NPAs to begin soon; here’s what RBI rule states – The Financial Express
Just 3 days left: Round 2 of war on NPA to begin soon; here’s what RBI rule states Round two of the war on non-performing
IBBI inaugurates one-day programme for insolvency professionals – The Financial Express-R
“Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S Sahoo inaugurated one-day refresher programme for insolvency professionals here today,” an official statement said. IBBI
Clock is ticking for Rs 3.8 trn stressed assets; 70 firms may land in NCLT | Business Standard News
The fate of about 70 big-ticket stressed accounts with loans of over Rs 3.8 trillion is uncertain as the deadline of August 27 for firming
Patanjali moves NCLT against Ruchi Soya lenders approving Adani Wilmar bid | Business Standard News
Ramdev-led Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya’s lenders to approve Adani Wilmar’s Rs 60 billion (Rs 6,000 crore) takeover bid. The
More financial scams in the offing, says West Bengal FM Amit Mitra | Business Standard News
West Bengal Finance Minister Amit Mitra has termed the rising non-performing assets (NPAs) in the economy as a “serious crisis”. “Macroeconomic scenario of the banking
Banks want to tap database of I-T, GST departments – The Hindu BusinessLine
To guard against a further increase in bad loans, banks are planning to dig deeper when it comes to loan appraisals by tapping the database
IVRCL’s insolvency resolution period extended by 90 days – The Hindu BusinessLine
The National Company Law Tribunal (NCLT), Hyderabad has extended the duration of the corporate insolvency resolution process period for IVRCL Ltd by an additional 90
IBBI cancels registration of an IP for contravention of insolvency process – NEWS – The Hindu BusinessLine
In the first ever instance of ‘harshest punishment’ on an insolvency professional (IP), the insolvency regulator, IBBI, has cancelled the registration of Mukesh Mohan, for
Gemini Communication Ltd. – Corporate Insolvency Resolution Process (CIRP)-List of Creditors – The Hindu BusinessLine
We are hereby enclosed list of Creditors updated as on 11th August 2018 of Gemini Communication Limited as required to be displayed under Regulation 13(2)(c)
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