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BusinessToday.In
New Delhi, August 27, 2018
Amazon plans to invest $700 mn in the Future Group; govt says Google, Facebook must plough back profits; Anil Ambani files Rs 5000-crore defamation lawsuit against National Herald; and Anil Ambani steps down as director of Reliance Naval and Engineering. Watch more in this episode of Business Wrap.


PTI
August 27, 2018
As part of rationalisation post merger of six associate banks with itself, the country's largest lender SBI has changed names and IFSC codes of nearly 1,300 branches across the country.


BusinessToday.In
New Delhi, August 27, 2018
Amazon plans to invest $700 mn in the Future GroupJeff Bezos-led Amazon in India has begun formal negotiations with Kishore Biyani's Future Group to invest around $600-700 million for a 12 to 15 per cent stake in the retail major as reported by the Business Standard. The two entities have signed a term sheet to take the talks further, sources said. This denotes the two sides have officially entered a pact. If the deal materialises it will most likely be a combination of cash and...


Mail Today Bureau
August 27, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.  The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
August 26, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
August 26, 2018
Liabilities of big wilful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year.


PTI
New Delhi, August 24, 2018
There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 lakh crore.


BusinessToday.In
August 23, 2018
Air India is on the brink of defaulting on bank loan repayments, so the aviation ministry has sought Rs 500 crore from the finance ministry on an urgent basis.


PTI
August 23, 2018
ICICI Bank Chairman GC Chaturvedi said today that the decision on continuance of managing director and CEO Chanda Kochhar will be taken after the Justice B N Srikrishna panel report is finalised, which is likely in two-and-a-half months.


PTI
New Delhi, August 22, 2018
This missive comes in the light of arrest of Bhushan Steels erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.


BusinessToday.In
August 21, 2018
The Modi government, already backed into the corner over unemployment, absconding defaulters, rupee depreciation, fuel prices and more, would not want more bad news on the NPA front at this juncture.


Aprajita Sharma
New Delhi, August 20, 2018
In Q1FY19, the total oil import stood at $32.85 billion, while export was $9.1 billion.


Anand Adhikari
New Delhi, August 20, 2018
In the first quarter (April-June) of 2018/19, the bank has reported a loss of Rs 4,875 crore.


Prosenjit Datta
New Delhi, August 20, 2018
While Vajpayee is known for his dignity, his unfailing courtesy, his wit and oratorical skills and ability to take opposition parties along, the economic contribution of his government is often overlooked.


Rajeev Dubey & Joe C Mathew
New Delhi, August 20, 2018
How Malvinder and Shivinder Singh blew Rs 22,500 crore in less than a decade and lost control over Fortis Healthcare and Religare Enterprises.


Anilesh S. Mahajan
New Delhi, August 20, 2018
Despite huge strides, the risk of stressed and stranded projects is keeping investors jittery about India's infrastructure building strategy.


Akshay Purkayastha
New Delhi, August 20, 2018
Five ways to revitalise infrastructure financing in India.


Niti Kiran
August 17, 2018
Let's look at how the markets performed under Atal Bihari Vajpayee and other former Prime Ministers of India.


BusinessToday.In
New Delhi, August 17, 2018
Gross NPAs have exceeded Rs 8.5 lakh crore, up 19% year-on-year, while total provision for NPAs jumped 28% (y-o-y) to Rs 51,500 crore.


Prosenjit Datta
August 16, 2018
Vajpayee is no more, but no one can doubt his contribution on economic, political and diplomatic fronts.


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