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Capital markets regulator Sebi chairman Ajay Tyagi today expressed hope that the Insolvency and Bankruptcy Code (IBC) will help boost investor confidence and encourage fund inflows into the corporate bonds market, especially in low-rated instruments.
Reserve Bank Governor Urjit Patel today called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner
Assuring balance-sheet stressed firms that key objective of NPA resolution is not liquidation of their businesses but to save them, Finance Minister Arun Jaitley today said, the new insolvency law has significantly reversed defaulting debtor-creditor relationship.
A chronic state of incomplete drought recovery may be the new normal for the remainder of the 21st century, due to increasingly common extreme temperatures, according to a study.
Emami Ltd, the FMCG flagship of the Kolkata-headquartered diversified Emami Group, will now position its ayurvedic hair care brand- Kesh King as the “King of Ayurveda” with the help of a new campaign and brand film featuring Juhi Chawla and directed by the famed ad film-maker Pradeep Sarkar.
The Supreme Court on Wednesday appointed a supervisory body comprising two former-apex court judges to examine the SIT’s decision to close 241 cases in the 1984 anti-Sikh riots matter.
A bench headed by Justice Dipak Misra also asked the body to scrutinise the SIT's justification in closing the riots- related cases and directed it to submit a report within three months.
“We constitute a supervisory body of two-former Supreme Court judges who shall scrutinise 199 matters and find out that SIT was justifiable in closing down.”
Indian and Chinese officials met at Chushul in Ladakh a day after the reported clash between the boat petrol in picturesque Pangong Tso lake on the disputed boundary in southeastern Ladakh.
Despite the reports pointing at escalation of tension with the troops coming to blows and even pelting stones at each other, the two sides played down the incident that took place in the backdrop of two month long standoff in Sikkim.
Paring losses suffered in early trade, lenders led by Bank of Baroda rallied on Wednesday after markets regulator Sebi relaxed norms with regard to open offer under takeover regulations. The watchdog exempted banks from making mandatory open offers after buying stake in distressed listed companies.
Bank Nifty ended the day 1.34 per cent higher to close at 24,437.70. All bank stocks ended in the positive terrain except Yes Bank. Bank of Baroda gained 3.44 per cent; Punjab National Bank 3.04 per cent; State Bank of India 1.76 per cent on
Most companies in India nowadays have started allowing employees to combine leisure travel with business trips. However, with just 27 per cent, India also has the highest number of companies that do not allow this.
Economic affairs secretary Subhash Chandra Garg will lead a new team of officials for the next year’s all-important Union budget that will be the last full-fledged budget of the Narendra Modi government before the 2019 general elections.
Finance minister Arun Jaitley’s fifth budget in all likelihood may sport a different look on three counts.
GST rollout leaves little room for tinkering in duties; a possible alignment of fiscal with calendar year and elections in April 2019.
