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Bofors vs Rafale: Bofors was a scam, Rafale not, says Nirmala Sitharaman

“You are misleading the country by saying the NDA government reduced 126 Rafale jets to 36. Congress was supposed to buy 18 in fly-away condition, the NDA raised that to 36,” she said.

India News

ONGC ramps up gas output

Under a deal struck in December 2016, ONGC acquired GSPC’s 80% stake in DDW assets for $1.2 billion.

Industry News

No threat to food retailing by Amazon

Currently, the government allows up to 100% FDI in e-commerce marketplaces via automatic route but no FDI is allowed in the inventory-based model (barring food retail).

Industry News

Taking Stock: Market fails to carry momentum

Barring five companies, all index members lost value in the last two days, translating a combined market cap erosion of Rs 1.8 lakh crore.

Markets News

Decide expeditiously: NCLAT to Ahmedabad bench on Essar insolvency case

The case has been running for about 500 days as against a maximum of 270 days allowed for a resolution under the Insolvency and Bankruptcy Code (IBC).

Industry News

Maggi Ban: SC revives class action suit against Nestle India

The Supreme Court on Thursday revived the government’s 2015 class action suit that had sought damages of Rs 640 crore from Nestle India over allegations of high lead content and presence of MSG (mon

Industry News

Insolvency issue: Essar invokes NCLT’s ‘spirit of IBC’ remark

Since the resolution plan was submitted post expiry of the deadline, the lenders refused to consider it.

Industry News

Jet faces turbulence: Airline may ask creditors to take a haircut

It has large repayments of Rs 1,700 crore due over December 2018 to March 2019, Rs 2,445.5 crore in FY20 and Rs 2,167.9 crore in FY21.

Industry News

Rs 80,000 crore recovered via IBC so far: FM Arun Jaitley

In the blog post, Jaitley said: “The early harvest through the IBC process has been extremely satisfactory.

Industry News

Capital Adequacy Norms: RBI is ‘unrealistic’, says Moily panel; Congress, BJP on same page

Contrary to his party’s public posturing, the panel headed by the Congress leader on the same page with govt

Banking & Finance News

Non-NCLT plans gather pace, bankers hopeful of resolving over half a dozen cases

Bankers hopeful of resolving over half a dozen cases, deals for Prayagraj and SKS Chhattisgarh to close by March-end.

Industry News

Good news on economy front: December manufacturing clocks solid growth

Meanwhile, job creation weakened, with companies perhaps cautious about making hiring decisions ahead of next year’s elections and a less upbeat optimism towards the outlook, said Pollyanna De Lima

Industry News

Rs 600-crore sops for exporters; nod for 3-way bank merger and other key takeaways from CCEA meet

The cabinet also approved a scheme for the proposed amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank to create the country’s second-largest public sector lender (after SBI).

Economy News

Your dream home to get cheaper: Tax relief in the offing for housing projects

GST for under-construction units may be cut to 5% from 12%; input tax credit may go for builders

Economy News

Headwinds for Jet: Icra further downgrades airline’s rating

Jet Airways shares on Wednesday fell over 6% to close at Rs 263.75 on the BSE.

Industry News

It’s cheaper to fly than drive: Auto fuels costlier than ATF now

Also, even non-PDS kerosene could soon become at par with ATF.

Commodities News

Coal Mines issue: Finmin questions plan to sweeten bidding norms

The North Block also said the law ministry's opinion may be sought on the extant laws that expressly prohibit sale of coal from captive mines.

Industry News

Bad Loans: RBI plays catch-up on NPA forecasts, gets it wrong consistently

The December 2015-March 2016 period coincided with the RBI’s asset quality review (AQR), a system-wide exercise that led to improved recognition of bad loans and a massive spurt in slippages at bank

Banking & Finance News

Debt Recovery: Banks mull Guj genco offer to take over GVK Gautami

According to earlier media reports, GVK Group was in talks to sell two gas-based power projects with an installed capacity of 684 mw installed capacity to Andhra Pradesh power utilities so that it cou

Banking & Finance News

Booster shot for MSMEs: RBI allows one-time recast of standard accounts

The Narendra Modi government is keen to salvage the crisis in the MSME sector.

Industry News

PM Modi on Ram Temple: Let legal process end first, govt ready for all efforts

Modi reveals Urjit Patel had written to him about wanting to resign, citing personal reasons, months before stepping down.

India News

Future tense: Will 2019 Lok Sabha polls stall Indian economy’s forward march?

While softer crude could correct macro imbalances, growth impulses not strong enough to jumpstart the economy; politics a risk factor too.

Economy News

Universal basic income for all: Jharkhand, Odisha come up with their own versions

While the Centre is weighing the pros and cons of a universal basic income scheme for the poor akin to Telangana’s Rythu Bandhu policy, Odisha and Jharkhand have come out with their variants of such

Economy News

Jhabua Power: Banks may let NCLT decide firm’s fate

With Goyal MG Gases failing to make good its bid of Rs 2,300 crore for Jhabua Power, lenders to the stressed company may simply encash the Rs 100-crore guarantee and let the matter be decided at the N

Industry News

Tech in 2019: Automation to see massive surge

Ericsson ConsumerLab trend report for 2018 has a very interesting warning for humans.

Industry News

Fragmented India again? Son-of-soil policies threaten labour market

Many states turn strict in enforcing ultra-protectionist steps, some could take cue from MP’s recent move in the run-up to 2019 polls.

Economy News
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