Search Results for: bankruptcy

Nifty, Sensex mark cautious start to 2019

This year is expected to be a crucial one for India as it heads into a general election that must be held by May.

Jan 1, 2019

Massive banking frauds eclipse record recovery of bad assets in FY18

New regulatory framework helps recover Rs 40,400 crore of bad loans while frauds increase 72% to Rs41,200 crore.

Dec 31, 2018

Court Hears Extradition Ruling For Indian Businessman Vijay Mallya

Vijay Mallya faces bankruptcy proceedings in UK High Court

TLT LLP has been representing the banks in their efforts to recover their dues as part of the worldwide freezing order, with the bankruptcy petition aimed at seizing his assets to recover dues.

Dec 18, 2018

IMF chief economist throws his weight behind Narendra Modi

Maurice Obstfeld, however, supports the RBI, saying the central bank's independence is a must for ensuring financial stability.

Dec 10, 2018

Slashed GDP growth estimates for Manmohan Singh years sparks row

The Central Statistics Office (CSO) had estimated that India's GDP grew by 8.5 per cent in the 2010-11 financial year, and not at 10.3 per cent as previously estimated.

Nov 29, 2018

Mitsubishi Motors ousts Carlos Ghosn as chairman, days after Nissan firing

Carlos Ghosn was removed from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.

Nov 26, 2018

Leading equity strategist supports govt in RBI row; says Modi return in 2019 is best scenario

Wood had said in April that the famed India growth story would be hurt if Modi isn't re-elected in 2019.

Nov 14, 2018

Big relief for Deloitte, PwC, EY and KPMG as govt panel allows permission to operate in India

The government had formed a committee to look into the complaints made by an Indian firm where they argued that the foreign firms were apparently flouting norms and gaining an undue advantage.

Nov 10, 2018

note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

India's current economic scenario not like 1991 crisis: Bimal Jalan

The RBI had recently underlined the importance of its autonomy and warned that the government's focus on short-term goals could be harmful to the economy.

Nov 1, 2018

Rupee fall, high non-performing assets still cause for concern: Former RBI governor Bimal Jalan

Talking about economic measures, he said the Narendra Modi-led government has launched several reforms, including the GST, Insolvency and Bankruptcy Code and direct benefit transfer scheme, which are good for the economy.

Oct 21, 2018

imf on india, imf report on india, india to overtake germany, india to surpass germany, india as 4th largest economy, imf on gst implementation, modi govt

IMF forecasts recovery in Indian economy, predicts 7.3% growth in 2018

The world body attributed this growth to a rebound from transitory shocks (the currency exchange initiative and implementation of the national Goods and Services Tax) including strengthening investment and increased private consumption.

Oct 9, 2018

We are marching towards a new India that will be driving engine of world growth: PM Modi

Modi said India's economy had stabilized over the last few years, fiscal deficit had come down, inflation was under control and the middle class was rising.

Oct 7, 2018

Cash-starved IL&FS wins shareholder approval for restructuring plan

A string of defaults by IL&FS in recent weeks have led to a series of rating downgrades on the company and its subsidiaries that house some of its debt.

Oct 1, 2018

IL&FS Annual General Meeting: Three-pronged strategy to return insolvent

The default of over Rs. 9000 crore by infrastructure company and its subsidiaries have triggered fears across all NBFCs of the country.

Sep 30, 2018

Need to trust banking system to drive India's economy, says finance minister Arun Jaitley

He noted that the perception regarding the health of PSBs had become more positive as banks had posted positive results in terms of resolution, recovery, provisioning and credit growth.

Sep 25, 2018

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