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D.K. Joshi
New Delhi, May 28, 2018
A significant rise in private investments and constant reforms are needed to accelerate India's growth story.


Prosenjit Datta
New Delhi, May 28, 2018
While IBC and GST are game changers, most policy moves of the Modi government in four years are work in progress


Dipak Mondal
New Delhi, May 25, 2018
Experts say that being financial creditors, home buyers should be attending the CoC meetings and even should have voting rights.


PTI
May 25, 2018



BusinessToday.In
New Delhi, May 24, 2018
Homebuyers will now be treated on par with financial creditors and lenders after the Union Cabinet approved amendments to the Insolvency and Bankruptcy Code; even as petrol and diesel prices are on fire, the government is still to come up with a solution to this rampaging price rise and rising current account deficit due to crude price hikes has weakened the rupee further against the dollar. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, May 24, 2018
Death toll mounts in anti-Sterlite protestsThe anti-Sterlite agitation which took a violent turn on Tuesday, with 11 persons being killed in police firing on protesters marching to the Collectorate, has claimed another life. The death toll from the two firing incidents has gone up to 12. The State government has replaced Thoothukudi Collector N. Venkatesh and Superintendent of Police P. Mahendran. Internet services in Thoothukudi, Kanniyakumari and Tirunelveli districts have bee...


Mail Today Bureau
May 24, 2018
The union cabinet on Wednesday approved the promulgation of an ordinance to amend the Insolvency and Bankruptcy Code (IBC) in order to classify homebuyers as financial creditors at par with banks which will enable them to get quick refunds from defaulting builders.


PTI
May 23, 2018



PTI
May 23, 2018



PTI
May 23, 2018



BusinessToday.In
New Delhi, May 23, 2018
The committee also rejected the recommendation under the section 29A for disqualification for MSMEs. The MSMEs (Micro Small and Medium Enterprises) will now be exempted from all conditions under the Section 29 of the IBC. Under Section 29 of the IBC Act, a person or a company suffering disqualification can't participate in the resolution process.


PTI
May 23, 2018



BusinessToday.In
New Delhi, May 22, 2018
Top executives at fraud-hit PNB misled RBI: CBISenior executives at Punjab National Bank misled the Reserve Bank of India (RBI) in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, the Central Bureau of Investigation (CBI) alleged in a charge sheet filed in court. Former PNB Chief Executive Usha Ananthasubramanian; two of the bank's executive directors - K.V. Brahmaji Rao and Sanj...


PTI
May 21, 2018



PTI
May 20, 2018
In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code, BoI's exposure was Rs 8300 crore. In the second list of 27 accounts, the exposure was Rs 3000 crore.


PTI
New Delhi, May 19, 2018
Tata Steel Ltd has won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets the RBI had referred to NCLT proceedings last year.


PTI
May 19, 2018



BusinessToday.In
New Delhi, May 18, 2018
In its statement, Tata Steel assured that all necessary approvals, like from Competition Commission of India (CCI) and National Compan Law Tribunal (NCLT), have already been secured.


PTI
May 18, 2018



BusinessToday.In
May 16, 2018
At 3:17 pm, the stock was trading 12.30 percent lower at 43.85. The stock hit a fresh 52-week low of 43.60  or falling 12.80 percent intra day in trade today.  Shares of Syndicate Bank closed 2.82 per cent down at Rs 50 apiece on BSE on Tursday.


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