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Prosenjit Datta
New Delhi, June 11, 2018
In a freewheeling interview with Prosenjit Datta, he talks about how GST has helped his textile business, the philosophy behind the brand strategy, why he did not diversify into newer areas, the future of textiles and the Arvind Group, and finally, what he sees as the role of the promoter of a business vis-a-vis the role of professionals.


BusinessToday.In
June 11, 2018
Currently, the Central bank has put 11 out of 27 public sector banks or PSBs  - which together account for three-fourth of the banking assets - under the PCA framework. Among the banks that could be put under the RBI's PCA framework are Punjab National Bank, Union Bank of India and Syndicate Bank.


PTI
New Delhi, June 9, 2018
From the two stressed assets' list referred for resolution under IBC by the Reserve Bank of India, the bank's total exposure was around Rs 78,000 crore. The bank had filed 250 cases under IBC with a total exposure of Rs 95,000 crore.


PTI
New Delhi, June 9, 2018
The data available with the BSE shows that 75 firms, including Bhushan Steel, Jaypee Infratech, Electrosteel Steels, Monnet Ispat & Energy, are undergoing insolvency process as per the Insolvency and Bankruptcy Code (IBC).


PTI
June 9, 2018



BusinessToday.In
June 9, 2018
Finance Minister Piyush Goyal on Friday said that the committee will make recommendations on setting up of an asset reconstruction or asset management company for faster resolution of stressed accounts, and most of the stressed assets have been identified that could fit into the ARC or AMC structure.


Anand Adhikari
New Delhi, June 8, 2018
Though the development offers some relief to the distraught home buyers and the defaulting promoters of micro, small and medium enterprises (MSME), it still leaves room for ambiguity and legal challenges.


PTI
June 6, 2018



PTI
June 6, 2018



PTI
June 6, 2018



BusinessToday.In
June 5, 2018
Vedanta has moved on to the next step in the acquisition drama over Electrosteel Steels Ltd (ESL) by setting up a new board of directors, even as a petition challenging its eligibility to bid for the same is pending before the National Company Law Appellate Tribunal.


PTI
June 4, 2018
The Supreme Court today restrained finalisation of sale of assets of Binani Cement Ltd without its prior approval but allowed the debt resolution process to go on. The apex court also said that further proceedings will be subject to its orders.


PTI
New Delhi, June 3, 2018
As per a Lok Sabha bulletin, the panel will be briefed on the issue of rising NPAs and other matters related to banks. Members of the panel said there will also be discussion on the recent frauds in the banks.


Niti Kiran
New Delhi, May 30, 2018
The Narendra Modi-led NDA government has completed four years. Let's evaluate its performance on some key parameters.


PTI
May 29, 2018



BusinessToday.In
New Delhi, May 29, 2018
RCom and its two subsidiaries -- Reliance Infratel Limited and Reliance Telecom Limited -- owe around Rs 978 crore to Ericsson. They all had entered into a seven-year agreement with Ericsson in 2013 for operational services, including mobile towers, broadband, fixed line, wireless voice, etc.


PTI
May 28, 2018



PTI
May 28, 2018



Money Today Team
New Delhi, May 28, 2018
Aditya Birla Health Insurance, in partnership with the health club chain Talwalkars, has launched a wellness programme called FIT-Fitness Insured Totally.


Anand Adhikari
New Delhi, May 28, 2018
The RBI's move to clean up bank balance sheets has made close to half a dozen banks nearly dysfunctional. There is little hope of their recovery in the near term.


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