With more than seven months of this fiscal already over, the Centre is looking at some big-ticket strategic disinvestment of CPSEs, including Bharat Petroleum Corporation (BPCL), to achieve the massive FY20 disinvestment reve
Among the most worrying data relates to the contraction in railway freight by 11% year-on-year in October for the fourth straight month; wholesale volumes for commercial vehicles fell 23% y-o-y, with M&HV sales falling 50% y-
While technically, the work in a department goes on even when it doesn’t have a full-time head, and it’s not unusual for the government to entrust key officials with additional responsibilities temporarily, urgent filling
The two-member bench of the Mumbai NCLT also directed that the ministry of civil aviation and Directorate General of Civil Aviation (DGCA) be made parties to the ongoing resolution proceedings and provide clarity on Jet's slo
The buoyancy, which typically refers to the ratio of tax growth to nominal GDP growth, has been steadily declining from a high of 1.6 in FY16. However, Singh said that recent measures taken by the finance ministry would have
Senior counsel Mukul Rohtagi, appearing for the auditing firm, argued that the firm is being punished for wrongdoings of the two partners. “We have already suffered, how many time will we be killed,” he said, adding that
Bina served as board member of Godfrey Phillips India and is also on the CSR committee of the company. Her commitment to social responsibility and her personal zeal drive the CSR programmes with a focus and with the underpinn
The three-member NCLAT bench, headed by chairperson Justice SJ Mukhopadhaya, said: “In case the amount does not come within 30 days from the date of the order, the company will go for liquidation.” In that event, the appe
BSV researches, develops, manufactures and markets specialised injectable medicines with a portfolio focused on biotech and biological products. The company has multiple niche products that are leading brands across women’s
Rating agency ICRA has downgraded various debt instruments of Bajaj Electricals, amounting to Rs 5,592.50 crore. According to the rating agency, the revision in the ratings takes into account the significant decline in profit
In an interview to FE earlier this year, managing director Acharya Balkrishna told lack of proper planning and strategy at Patanjali impacted the firm's growth. The company, further, took a hit on sales after competitors laun
In addition to 180 days, the RBI has allowed for a grace period of one month to find resolution to these assets or refer them to the NCLT. Banks have an exposure of nearly Rs 3.8 lakh crore to 70 stressed assets, where the re
The Insolvency and Bankruptcy Code (IBC) Amendments Bill will seek to raise the number of home-buyers who can invoke insolvency proceedings against realty developer and also introduce individual insolvency and cross-border in
The company during the quarter, like Vodafone Idea and Bharti Airtel, provided for liabilities on account of spectrum usage charges and licence fee to the tune of Rs 28,314 crore. This follows the October 24 ruling by the Sup
Among the rare ‘false positives’ in the leaked data, the most dramatic was of the Ratan Tata who was not. In November 2015, Jay found at least a dozen documents in the leaked data that named Ratan Tata as the president, d
The cumulative investments of these projects would run up to Rs 5,000 crore. Most of these projects are likely to come up by 2020 end, Mitra said, adding that Reliance and Future groups have already made a strong foot print i
For instance, if input costs are high, whether it’s electricity, whether you want to buy a piece of land to set up your whole thing, mutation, everything has got a long way to go in terms of becoming easy to do business.
The court said the committee of creditors (CoC) would have the last word in deciding on how the bid amount was to be distributed between various classes of lenders, noting that bankruptcy courts had no say.
The exigency of having a resolution process under IBC for non-banking finance companies and other major FSPs have come to the fore after DHFL and Punjab and Maharashtra Co-operative (PMC) Bank landing in trouble.
On the response to the Rs 25,000-crore housing fund (to start with) to bail out stuck projects, the minister said four of them in three cities — Mumbai, Hyderabad and Bengaluru — have approached the government to avail of
Elaborating on the discussions VIL has had with the government, so far, VIL’s MD & CEO Ravinder Takkar said the company would like to see a moratorium over spectrum payments, reduction licence fees to help in the areas of G