Modi’s IBC crusade: Last June, the Reserve Bank of India (RBI) released a list of 12 companies constituting 25% of India’s total NPAs (Non-Performing Assets)under thename ‘Dirty
Author: Anil R Tikotekar
Sending a signal: RBI should consider raising rates, even if by 25 bps | Business Standard Editorials–30.05.2018
The Reserve Bank of India’s monetary policy committee (MPC) will meet for three days from June 4 to examine the direction of monetary policy and interest rates.
RCom breathes easy as tower arm clears hurdle – Business Line–30.05.2018
Reliance Communications’ efforts to sell its assets — part of its plan to pare debt — received a boost with subsidiary Reliance Infratel (RITL) reaching
Resolution across borders – Business Line–30.05.2018
The bankruptcy proceedings of Nirav Modi’s entities in the US highlight the urgent need for a robust cross border insolvency law Even as banks taste
Bond rush – Business Line–30.05.2018
Retail NCD offers are picking up, but investors don’t seem to fully appreciate risks Retail bond offers are showing renewed buoyancy after muted activity for
Wrongfully penalised – Business Line–30.05.2018
When banks err, shareholders pay the price The Reserve Bank of India, in an order dated May 14, imposed a penalty of ₹5 crore on
Settle dispute mutually by 3 pm today: NCLAT to RCom, Ericsson | The Indian Express–30.05.2018
This suggestion was proffered by the NCLAT bench when in the course of the hearing RCom offered to make an upfront payment of Rs 500
GST: Is the world simpler than it was before GST? This jury is in – The Economic Times–29.05.2018
The World Bank’s March 2018 version of ‘India Development Update’ (goo.gl/uig3HT) has some critical remarks on the goods and services tax (GST). But it isn’t
Insolvency and Bankruptcy Code: Stakeholders of Tecpro, Educomp accuse promoters of flouting IBC rules – The Economic Times–29.05.2018
In two separate cases, stakeholders have complained of promoters abusing the Insolvency and Bankruptcy Code (IBC) to regain control of their lost assets even as government is
GST: Sale of ‘going concern’ exempt from GST: AAR – The Economic Times–29.05.2018
The Karnataka bench of the AAR gave its ruling based on an application filed by Rajashri Foods Pvt Ltd which wanted to sell one of its units along with
For SMEs, meaningful relationships are more important than marketing – The Economic Times–29.05.2018
The Internet is undergoing the third wave, which is all about meaningful communication. Most businesses will realize the power of creating trust with honesty, discipline
Aye Finance claims to have disbursed 60,000 loans to MSMEs – The Economic Times–29.05.2018
Gurgaon based digital lending startup Aye Finance claims to have disbursed 60,000 loans since its inception in 2014 to micro small and medium enterprises giving out a total of
State-owned banks, reinvent yourself–Economic Times–29.05.2018
Banking frauds have reportedly cost nationalised banks as much as Rs. 25,775 crore, in the last fiscal alone. It is also a fact that public
GST alert: No Goods and Services tax on agriculturists; check FinMin details – The Financial Express–29.05.2018
The finance ministry today clarified that renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry is exempt from the GST.
Petrol price can be cut Rs 2.65 per litre if states want; but what about Centre? Read what this report says – The Financial Express–29.05.2018
States can cut petrol price by Rs 2.65 per litre and diesel by Rs 2 a litre if they decide to forego potential additional gains out of
Modi’s IBC punch: New era for banking, SBI ex-boss Arundhati Bhattacharya says; but there’s a challenge – The Financial Express–29.05.2018
Modi’s IBC punch: With Bhushan Steel’s Rs 36,400 crore resolution under the IBC, paving the way for many more cases, former SBI Chairman Arundhati Bhattacharya said
Evaluating the IBC – The Financial Express–29.05.2018
While the conclusion of the sale of Bhushan Steel to Tata Steel via the Insolvency and Bankruptcy Code (IBC) process is confirmation that the insolvency process is
RBI shows who’s the boss – The Financial Express–29.05.2018
Monitoring the behaviour of the rupee, relative to the dollar index (DXY), over the past several months provides some insight into RBI’s current FX policy. From
GST taxing on inter-branch transactions – The Financial Express–29.05.2018
Santosh Dalvi With effect from July 1, 2017, India implemented a landmark tax reform in the form of GST, bringing about a paradigm shift in
Insolvency: Binani Cement lenders vote for UltraTech’s Rs 79.60 bn offer | Business Standard News–29.05.2018
The Committee of Creditors (CoC) of Binani Cement on Monday voted in favour of UltraTech’s Rs 79.60 billion offer. All 100 per cent votes were cast in