SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'
'The calculation that has been given by DoT is to be treated as final; there can be no scope of re-assessment,' the Supreme Court held.
UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm
A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing.
Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow.
The insolvency and bankruptcy law has resulted in recovery of just 10 percent of defaulted loans in case of companies other than the seven big ones referred for resolution, senior Congress leader Jairam Ramesh said in Rajya Sabha on Thursday
Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions
Recent days have seen RBI governor Shaktikanta Das pulling up public sector banks for poor credit growth even as Kapoor's Yes Bank shenanigans were simmering in the backdrop.
Asserting that recovery through insolvency law process has been better, IBBI chief MS Sahoo has said creditors have recovered Rs 1.6 lakh crore, which is 207 percent of the realisable value of assets of 190 companies rescued till December last year under it
NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter
On 24 October 2019, the Bengaluru Bench of the National Company Law Tribunal (NCLT) had admitted the insolvency plea filed by Cloudwalker Streaming Technologies, an operational creditor of Flipkart.
Adani, KKR, Bain Capital, Piramal, Kotak, among two dozen bids for DHFL; around 14 entities keen to take over entire operations
Most banks led by the State Bank have declared DHFL account as an NPA in the third quarter.
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.
Economic Survey 2020: CEA K Subramanian takes on predecessor Arvind Subramanian for questioning India’s GDP numbers
The Economic Survey has projected a 6-6.5% GDP growth for 2020-21. But, there will be much skepticism on this number given that in the last survey, the growth was projected at 7% whereas the actual growth is likely to end up around 5%.
Economic Survey 2020: Growth projection of 6-6.5% looks reasonable in current scenario; effort should be there to garner revenue on tax front
The Economic Survey is also quite a votary of disinvestment and the view held is that there should be exits by the government in non-critical areas.
Govt reforms appear task-based; it's time to focus on structural changes to improve India's ease of doing business rankings
Two key areas in need of systemic reforms are enforcement of contracts and resolving insolvency
Top 50 corporates reduce debt by over Rs 59,000 cr in first half of this fiscal; prefer to raise funds through ECBs
This has some bearing on the credit growth of the banks as corporates borrowing from domestic lenders have come down
India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said
Essar Steel resolution to boost Q3 earnings with Rs 12,000-cr recovery; step to have positive impact on economy: SBI chief
With the order, the apex court paved the way for ArcelorMittal's takeover of Essar Steel for Rs 42,000 crore.
Over 14,000 prosecutions withdrawn under Companies Act, says centre; undertook various steps to improve ease of doing business
India has improved its ranking on the World Bank's 'Doing Business 2020' report, moving up 14 positions to the 63rd spot.
Economy is in intensive care with no quick relief in sight; can cutting personal tax, raising GST offer a magic cure?
Arvind Subramanian's speech at Bangalore does not really highlight any new issues.
The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the NCLT order.
Shares of Dewan Housing Finance Corporation on Monday fell nearly 5 percent to hit lower price band after the RBI filed an application to initiate the insolvency resolution process against the company
GDP nosedives to 6-year low: Economy needs rooted policy wonks, not supercops with harsh approach to macroeconomics
The NDA government's acts, be it the controversial demonetisation of high-value currency notes in 2016 or the introduction of the IBC, displayed a fetish for a supercop mentality or an obsession with seeing itself as a torch-bearer for a market economy.