With the National Company Law Appellate Tribunal (NCLAT) order on Essar Steel expected this week, bankers said they were hoping Numetal, ArcelorMittal, and Vedanta to revise their
IBC process: Two fresh bids for Nagarjuna after NCLT rejects liquidation | Business Standard News
Two fresh bids have been submitted after the insolvency process for Nagarjuna Oil Corporation (NOCL) ran into controversy. The firm’s committee of creditors (CoC) was recommending liquidation,
Deadline ends for NPAs: Provisioning for NCLT-3 accounts seen at Rs 1 trn | Business Standard News
As the deadline for stressed asset resolution, as per the Reserve Bank of India’s (RBI’s) February 12 circular, concluded on Monday, lenders are expected to
NCLT orders liquidation of Lanco Infratech, appoints Savan Godiawala as RP | Business Standard News
The Hyderabad Bench of the National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Lanco Infratech Limited (LITL), the holding company of the
Judicious decision | Business Standard Editorials
The Allahabad High Court has taken the right decision by denying interim relief to power companies from the Reserve Bank of India’s (RBI’s) February 12
Capital goods imported under EPCG scheme can be shifted to another unit | Business Standard News
Q. We have installed capital goods imported under the EPCG scheme in our Unit-1, the address of which is mentioned in the authorisation and bill of entry. Now, we
Can govt direct central bank on policy and regulations? Yes, says RBI Act | Business Standard News
The Allahabad High Court on Monday asked the central government to hold consultations with the Reserve Bank of India (RBI), under Section 7 of the RBI Act 1934, on the way
Stressed power assets: 180-day deadline breach not end of road, say bankers | Business Standard News
Banks may breach the 180-day deadline of August 27 for firming up a resolution plan on big-ticket stressed accounts. But that is not the end of the
Niggles remain | Business Standard Editorials
The many niggling problems associated with the hurried deadline for implementing the goods and services tax (GST) are beginning to manifest themselves in ways that could add
Truth is that on growth, Modi govt’s performance has been astoundingly poor | Business Standard Column
Successful propaganda has one rule: You don’t try to muddle your narrative. It is unwise to try and convince people that two contradictory “facts” are
Economy of India RBI | आज काय होणार? | Loksatta
कांकडील सुमारे चार लाख कोटी रुपयांच्या थकीत कर्जाच्या वसुलीचा ठोस कार्यक्रम रिझव्र्ह बँकेस सादर झाला नाही, तर ७० कंपन्या लिलावात निघतील.. आज, सोमवारी सायंकाळी रिझव्र्ह
Tata Steel set to scrap Bhushan Steel-energy deal – The Economic Times
Tata SteelNSE 1.20 % has started the process of cancelling power purchase agreements (PPAs) between Bhushan SteelNSE -0.36 %, a company it acquired through bankruptcy resolution proceedings, and Bhushan Energy in
Income-tax scrutiny all set to go electronic – The Hindu BusinessLine
The Central Board of Direct Taxes (CBDT) has mandated ‘e-proceeding’ for all income-tax scrutiny in 2018-19. It has also specified seven situations where e-proceeding will
Series of reforms transformed economy: Jaitley – The Hindu BusinessLine
Finance Minister Arun Jaitley has cited IMF reports to highlight how the Narendra Modi-led government through a series of reforms has transformed the “weak economy”
Tax authorities left high and dry in IBC cases – The Hindu BusinessLine
The judiciary’s latest stand may prohibit the tax authorities from making appeals Last week, the Supreme Court ruled that the Insolvency and Bankruptcy Code (IBC)
GDP — much ado about nothing – The Hindu BusinessLine
GDP — much ado about nothing T- GST is all set to boost the GDP growth further. GST is all set to boost the GDP
Not all is well with India’s corporate hospital chains – The Economic Times
While health care has been among the most vibrant sector for large private equity investors across the world, in India expectations of high valuations have
Bankruptcy: Bankruptcy sword looms over 60 companies owing Rs 3.5L crore – The Economic Times
Banks will have to initiate bankruptcy proceedings against dozens of corporate defaulters next week as the six-month deadline set by the RBI on February 12 ends on Monday. The
P Chidambaram asks government to ’emulate’ UPA policies and not ‘envy’ – The Financial Express
A few days ago, a cheerleader for the BJP writing on the editorial page of a newspaper thanked Mr Arun Jaitley and me for engaging in a “high quality
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
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