Front Page News
-
PM Narendra Modi’s Independence Day Speech: From ‘Fragile Five’ to ‘Running Elephant’
FE Bureau | August 16, 2018 1:40 AMThe prime minister spoke of how, while the UPA kept mulling policies, it was his government that actually managed to realise them.
-
Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders’ top pick
Surya Sarathi Ray | August 16, 2018 1:34 AMThe Sajjan Jindal-led steelmaker has offered to pay Rs 19,350 crore to lenders of Bhushan Power against their total outstanding of Rs 47,000 crore and Rs 350 crore to the operational creditors in lieu of their admitted claims of Rs 700 crore.
-
HAM Projects: KNR in talks with Cube, Brookfield
Rouhan Sharma | August 16, 2018 4:17 PMInfrastructure developer KNR Constructions is in talks with Cube Highways and Canadian asset manager Brookfield to sell its entire stake in four of its road projects that were won under the hybrid annuity model.
-
Railway stations Revamp: DDA puts a spanner in the works
Saurabh Kumar | August 16, 2018 1:23 AMWhile the railways has sweetened the package for private developers seeking to grab its station redevelopment projects, the plan has run into a hurdle as the MoHUA has asked a Cabinet note in this regard.
-
Ayushman Bharat: PM Narendra Modi’s ambitious health scheme to face soaring costs
Chirag Madia | August 15, 2018 3:57 AMWhile Rajasthan’s existing Bhamashah offers Rs 5 lakh cover for Rs 1,263, Chhattisgarh’s Rs 50,000 cover costs as much as Rs 1,100.
-
Pressure on current account deficit: Trade deficit hits the 62-month high in July
FE Bureau | August 15, 2018 3:50 AMGrowth in imports touched a 14-month high of 28.8% in July to $43.79 billion. Exports growth slowed sequentially but still touched a decent 14.3% in July to $25.77 billion, as a rise in oil prices helped boost outbound shipment value.
-
Nearing closure: JSW said to offer highest bid for Bhushan Power
Surya Sarathi Ray | August 15, 2018 3:44 AMJSW Steel, Tata Steel and the UK-based Liberty House are understood to have offered between Rs 17,000 crore and Rs 19,700 crore for the debt-hit Bhushan Power and Steel (BPSL).
-
Contagion fears: Rupee slides to lowest ever close on Turkish lira shock
FE Bureau | August 14, 2018 5:01 AMThe rupee on Monday tumbled against the dollar, ending the session at 69.9287, an all-time low.
-
PNB fraud fallout: Former MD Usha Ananthasubramanian dismissed on the day she was to retire
FE Bureau | August 14, 2018 4:56 AMOn the day she was to retire, Usha Ananthasubramanian, former chief executive and managing director (MD)of Punjab National Bank (PNB), was dismissed from service in connection with the $2.2-billion fraud at the state-run lender.
-
Endgame: Bhushan Power CoC to pick winning bid today
FE Bureau | August 14, 2018 4:50 AMThe committee of creditors (CoC) of Bhushan Power and Steel are scheduled to meet on Tuesday to select the most preferred bidder for the bankrupt company as the deadline for submitting revised quotes ended on Monday midnight.
-
E-commerce: DIPP unlikely to rush to allow FDI in inventory model
Banikinkar Pattanayak | August 14, 2018 4:45 AMCurrently, up to 100% FDI is allowed in e-commerce marketplaces via the automatic route but no foreign investment is allowed in e-tailers holding inventory of goods, except in the retailing of domestically-produced food items.
-
Solar cells: Government drops safeguard duty as High Court re-cites stay
FE Bureau | August 14, 2018 4:40 AMAn embarrassed finance ministry has suspended the implementation of a safeguard duty on imported solar cells as the Orissa HC last week reiterated via an interim order an earlier direction in this regard, which the ministry apparently did not heed.
-
Debit cards: Paytm rules the roost in the virtual world but lags in real life
Shritama Bose | August 14, 2018 4:35 AMGiven how every depositor gets a digital debit card, Paytm Payments Bank has in less than a year of its launch notched up a large outstanding debit card user base.
-
Base effect cost control see India Inc post good numbers in Q1; lack of pricing, rising cost remain a concern
FE Bureau | August 13, 2018 5:33 AMWhile a favourable base has helped India Inc report a reasonably good set of results for the three months to June, much of the improvement in the numbers is also the result of companies containing costs.
-
Most mutual funds schemes underperform as 70% of stocks with market cap of Rs 1,000 crore are trading in red
Chirag Madia | August 13, 2018 5:24 AMWith the broad market performing poorly in 2018 so far and 70% of all stocks with a market capitalisation of Rs 1,000 crore or more trading in the red, most mutual fund schemes are under-performing.
-
Power struggle: Discoms’ dues to gencos rise 30%, unpaid dues to 23 power producers stand at Rs 44,195 crore
Anupam Chatterjee | August 13, 2018 5:11 AMWhile the government, Reserve Bank of India and the judiciary are grappling with the issue of stressed power projects worth Rs 2.5 lakh crore, the electricity distribution companies (discoms) are adding to the latter’s woes.
-
Quota effect: Cap on sugar sales slows cane payments, arrears stand at Rs 18,512 crore as of June 30
Banikinkar Pattanayak | August 13, 2018 5:00 AMCane arrears have dropped at a slow pace after the government reintroduced sugar sales quota in June, belying the very objective of the food department’s move to bring back the controls.
-
Zee overtakes Star to become number 1 in regional GEC space
Meghna Sharma and Ankita Rai | August 13, 2018 4:51 AMIn the ongoing tussle for viewership, regional markets are the new battlefield for broadcast networks.
-
Data protection: DoT may be stricter than Srikrishna panel
Rishi Ranjan Kala | August 12, 2018 4:41 AMTelecom Secretary Aruna Sundararajan says since mobiles used for many transactions, privacy norms need to be stricter.
-
Farmer-friendly: Now, warehouses part of e-NAM
FE Bureau | August 12, 2018 4:32 AMIn yet another bid to reform marketing of agricultural produce, the government has decided to give accredited warehouses the status of mandis
-
Coal India Q1 profit up 61 pct at Rs 3,786 crore
FE Bureau | August 12, 2018 4:24 AMCoal India on Saturday posted a 61.07% jump in consolidated net profit at `3,786.44 crore for the June quarter of 2018-19 financial year. It had reported a net profit of `2,350.78 crore in the same quarter of 2017-18, the state-owned company said in a regulatory filing. Net income rose 17% to Rs 25,470.86 crore from […]
-
Sales: A season that never wanes
Jharna Mazumdar | August 12, 2018 4:18 AMFatigue due to year-long discounts renders season-end sales unattractive.
-
Third in a row: SBI posts Rs 4,875.8 crore loss in 1st quarter
Tushar Goenka | August 11, 2018 6:05 AMPuts it down to higher provisions for mark-to-market losses on bonds, lower trading income, pay revisions
-
No Supreme Court stay on NCLAT’s Bhushan Power order
Indu Bhan | August 11, 2018 5:50 AMIn a setback for Tata Steel, the Supreme Court on Friday refused to stay the National Company Law Appellate Tribunal (NCLAT) order that allowed the three bidders — Tata Steel, JSW Steel and Liberty House — in the fray for the bankrupt Bhushan Power and Steel to submit revised bids
-
Bid eligibility challenge: NCLAT clears the deck for Tata Steel and Vedanta
Surya Sarathi Ray | August 11, 2018 5:43 AMEnds all uncertainty on the success of awards relating to Bhushan Steel, Electrosteel Steels
-
Daiichi case: Delhi HC grills Singh brothers, freezes their assets
FE Bureau | August 11, 2018 5:29 AMComing down heavily on former Ranbaxy promoters Malvinder and Shivinder Singh, who were personally present in the court on Friday, the Delhi High Court barred them from selling any of their assets without its approval and also asked them to furnish details of all their sold and gifted assets, including bank accounts, from April 2016.
-
Lok Sabha approves changes: GST cess surplus can now be shared
Sumit Jha | August 11, 2018 5:23 AMIn a move that would partly address the goods and services tax (GST) revenue deficit for the Centre and come in aid of states worried over stagnant growth in their own tax (non-GST) revenue, the Lok Sabha on Thursday approved changes to the relevant law to allow both to dip into the surplus in the GST Compensation Fund at any time during a financial year.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
