By Swaminathan S Anklesaria Aiyar The Bharat Bandh called by Congress and sundry opposition parties, to protest against rising fuel prices and a falling rupee, represents the sad populism common
Day: September 12, 2018
Rupee: Rupee at record low puts RBI under pressure to curb market rout – The Economic Times
By Anirban Nag India has a currency problem and it’s not going away anytime soon. A current-account deficit at a five-year high, elevated oil prices
New Essar Steel Bids Show IBC’s Potential–Economic Times
ArcelorMittal’s revised offer for Essar Steel, reported to be Rs 42,000 crore, would cover the defaulting company’s principal debt. Besides, the two companies that show
Revised bid for Essar Steel offers “unprecedented value” to creditors: ArcelorMittal – The Economic Times
The revised bid for Essar SteelNSE 0.00 % represents “unprecedented value” to creditors and demonstrates the company’s serious commitment to India, creditor banks and all company stakeholders, ArcelorMittal said
SC orders construction of 514 flats of Unitech from auctioned property funds – The Economic Times
The bench posted the matter for further hearing on September 19. To the relief of aggrieved home buyers of UnitechNSE -7.14 %, the Supreme Court Tuesday
Doubling limit for filing DRT cases will expedite bad loan recovery, says Finance Ministry – The Financial Express
The pecuniary limit was raised last week following amendment in the rules of Recovery of Debts due to Banks and Financial Institutions Act, 1993. (File
Still not too late to look at NRI bonds to save rupee – The Financial Express
Allowing FDI in multi-brand retail, for instance, has the potential to bring in several billions of dollars immediately since, right now, several MNC retailers are
Fix NCLT/NCLAT delays – The Financial Express
In the initial bidding round for Essar Steel, one of the bidders was Numetal whose shareholders included a trust in which Rewant Ruia was a
SBI puts Ballarpur Ind, Jai Balaji, Rohit Ferro Tech exposures on sale – The Financial Express
For one account — Modern India Concast — SBI has set a reserve price 27% higher than its outstanding of Rs 71 crore. State Bank
Two independent directors of Jaypee Infratech resign – The Economic Times
Jaypee Infratech, a subsidiary of Jaypee Group’s flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has delivered 9,500 apartments. Jaypee Infratech
NPA: Power projects heading to NCLT may get to retain fuel supply pacts – The Economic Times
It is estimated that 60,000-65,000 mw of about 75,000 mw operational coal- based power capacity in the private sector may be under financial stress. Stressed
Rajan’s mantra to rein in NPAs includes a closer examination of Mudra loans | Business Standard News
In his reply to a parliamentary panel questionnaire on bank NPAs, or non-performing assets, former Reserve Bank of India (RBI) governor Raghuram Rajan has prescribed
NPA uncertainty deepens | Business Standard Editorials
On Tuesday, the Supreme Court issued an order staying further moves against the distressed power sector by its creditors. It also transferred all the pleas in various
An election-year syndrome | Business Standard Column
India’s macroeconomic fundamentals have a tendency to get worse about a year before the general elections. This may be a recent trend and there is also no causal connection
IBC: Relief for companies as SC stays RBI circular – The Hindu BusinessLine
In a breather to stressed companies, the Supreme Court on Tuesday put an interim stay on the Reserve Bank of India’s February 12 circular asking
Rupee tantrums – The Hindu BusinessLine
The focus should be on long-term reforms to plug the current account gap With the falling rupee and rising fuel prices turning into a burning
‘RBI should have pushed earlier for enactment of the Bankruptcy Code’ – The Hindu BusinessLine
The Reserve Bank of India should probably have raised more flags about the quality of lending in the early days of banking exuberance, said former
aniltikotekar4sme.com 