The proximate factors responsible for this slowdown include declining growth of private consumption, tepid increase in fixed investment & muted exports. India’s economy slowed down
Day: May 3, 2019
Jet Airways bidders show no expressions of interest–Economic Times
Bidders for Jet AirwaysNSE -12.46 % so far appear uninterested in following up on their expressions of interest, dealing a major blow to the early revival of
Deloitte: IL&FS board seeks punitive action against Deloitte, BSR
The government-appointed board of Infrastructure Leasing & Financial Services has proposed punitive action against Deloitte Haskins & Sells (DHS) and BSR & Co, part of the KPMG network, said
PNB ruined Gitanjali Gems to hide its misdeeds: Mehul Choksi – The Economic Times
The fugitive diamantaire said the employees of Gitanjali were harassed and its stocks and servers were confiscated New Delhi-Key accused in the PNB fraud case, Mehul
IL&FS accounts can finally be called NPAs: NCLAT green light to banks – The Financial Express
The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal. The National
Inflation forecasts not accurate at times of low food inflation: RBI study – The Economic Times
Inflation forecasts by the central bank have gone awry only at time of low food inflation. In most other periods, forecasts have remained almost close to
Huge gap in 12 NPA cases’ dues with liquidation value: IBBI – The Economic Times
The resolution of 12 large accounts were initiated by banks as directed by the Reserve Bank of India (RBI). The 12 large non-performing assets (NPAs
GST: Why it may be premature to cheer the surge in April GST collection – The Economic Times
If we look back into the previous year, average collections for March-April 2018 stood at Rs 103,500 crore, which was 20.4 per cent higher than
exports: Handling your shipment should be as easy as ordering on Swiggy, Zomato – The Economic Times
By Troels Stovring The complexity that exists in the international trade and logistics industry has become a significant barrier for growth of many small and medium sized enterprises (SMEs)
Cyber criminals hide in the ‘dark web’ to remain anonymous – The Economic Times
By Tushar Kaushik Bengaluru: An increasing number of cyber criminals are using the dark web — the encrypted part of the internet that cannot be tracked — to shop
You can get compensation for delayed re-credit if account debited due to failed ATM transaction – The Economic Times
About 16,000 complaints, or 10 percent of all customer grievances at the banking ombudsman offices in FY18, were registered under the head ‘account debited but cash not
NBCC: Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private cos – The Economic Times
In 2017, NCLT admitted the application by an IDBI Bank-led consortium seeking resolution of Jaypee Infratech. Distressed homebuyers of debt-ridden Jaypee Infratech Thursday demanded that
Amrapali’s lawyers given flats & penthouses: Forensic auditors to SC – The Economic Times
The hearing in the matter remained inconclusive and would continue on May 8. In yet another startling revelation, the embattled Amrapali Group gave away flats and penthouses
Care rating: Indiabulls Housing Finance on credit watch – The Financial Express
The top 10 individual corporate loan exposures on a group basis constituted 44% of Indiabulls Housing?s tangible net-worth as on March 31, 2018, up from
Embargo lifted: Banks get NCLAT go-ahead to declare defaulting IL&FS accounts as NPAs – The Financial Express
The bench has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies. The National Company
Rs 7 trillion of corporate papers downgraded since start of IL&FS fiasco | Business Standard News
Mutual funds (MFs) and other lenders with an exposure to debt papers are feeling the heat as nearly Rs 7.5 trillion worth of corporate papers
Wilful defaulters must not be allowed to buy back their assets – The Hindu BusinessLine
The discussion paper on corporate liquidation process put out by the Insolvency and Bankruptcy Board of India last week has inexplicably left a backdoor open
IBBI streamlines insolvency professional’s ‘temporary surrender’ process – The Hindu BusinessLine
An insolvency professional (IP) may not find it easy to wriggle out of an existing transaction because of the difficult situations faced during the corporate
aniltikotekar4sme.com 