Airfares expected to rise 7-9% this fiscal, highest since 2013; limited capacity additions since Jet Airways was grounded: Crisil
• 6 years agoDomestic passengers traffic is expected to grow 6-8% in FY20, as against a healthy 19% growth registered in the year ended March 2019 on account of non-revival of Jet Airways
DHFL resolution plan: Lenders want Kapil Wadhawan to step down as chairman and managing director of cash-strapped firm
Fp Staff • 6 years agoThe promoter would also be required to pledge a part of their remaining stake to lenders. Promoter group holding in DHFL is 39.21 percent
Cash-strapped DHFL says it may not be able to meet repayment obligations due in immediate future
Fp Staff • 6 years agoDHFL reiterated that the company has been facing a liquidity crisis since September 2018, and despite the challenges, it has so far paid back over Rs 41,000 crore
Sensex tanks 500 points as scrapping of Article 370 spooks investors; a reminder why govt shouldn't lose focus on sinking economy
Dinesh Unnikrishnan123 • 6 years agoSensex fell intra-day to over 700 points after the government revoked the controversial Article 370 that gave a special status to J&K
Investment flow into real estate drops 31% to $2.2 bn during January-June driven by liquidity crisis in NBFCs: Anarock
• 6 years agoOut of the total $2.2 billion of inflows, commercial real estate attracted the lion's share at 64 percent amounting to over $1.4 billion.
IL&FS default impact: NBFCs, HFCs lending to real estate almost halved in FY'19 to Rs 27,000 cr, says report
• 6 years agoThe outstanding credit by NBFCs/HFCs to real estate developers increased by more than 3.5 times to about Rs 2,33,000 crore till 2017-18 from Rs 64,000 crore in 2011-12, Nair said.
Arvind Subramanian criticises RBI over regulatory failures, says central bank's reports never mentioned possible IL&FS crisis
• 6 years agoThe cash-strapped IL&FS group is sitting on a debt of about Rs 94,000 crore.
Bankers want jewellery industry to become more transparent, compliant to regain trust after Nirav Modi, Mehul Choksi scam
• 6 years agoIncidents like the Nirav Modi and Gitanjali Gems have broken down the trust level for the gems and jewellery industry.
IL&FS case: SFIO recommends action against guilty auditors, detailed internal investigation by Reserve Bank
• 6 years agoSFIO has also recommended a necessary action as per the Companies Act by the current management of IL&FS Financial Services (IFIN)
Why a trial by fire awaits Narendra Modi’s new finance minister, Nirmala Sitharaman
Dinesh Unnikrishnan123 • 6 years agoThe big political messaging Modi wants to send to his party colleagues with Sitharaman’s appointment could be that performers will be rewarded in this government