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BusinessToday.In
July 3, 2018
The panel, which was set up to study the feasibility of an ARC/AMC for faster resolution of bad loans, has suggested a five-pronged strategy that includes -- SME resolution approach, bank-led resolution approach, AMC/AIF led resolution approach, NCLT/IBC approach, and asset-trading platform.


BusinessToday.In
June 25, 2018
Earlier in March, the state had announced a ban on manufacture, use, sale, distribution and storage of plastic materials. The government had given three months time to dispose of the existing stocks, which ended on June 23.


PTI
June 24, 2018
The state-wide plastic ban, including carry-bags and thermocol by the Devendra Fadanvis government, will result in loss of up to Rs 15,000 crore and nearly 3 lakh job, says the plastic manufacturing industry.


PTI
June 12, 2018



Manu Kaushik
New Delhi, June 11, 2018
The scale of value destruction in the telecom sector has been huge. Only sensible policies and practices can save it now.


PTI
June 4, 2018



PTI
June 3, 2018



PB Jayakumar
New Delhi, May 28, 2018
Dr. Roland Busch, Chief Technology Officer and Member of the Managing Board of Siemens AG, since 2011, was in India recently to kick-start Siemens digital solutions for Indian industries.


BusinessToday.In
New Delhi, May 24, 2018
The company has been battling with shrinking revenues from its investment banking division, which generates over 50 per cent of Deutsche Bank's total revenue. Other areas of concern for the German bank are increasing costs and stiff competition from the Wall Street companies.


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 Sanjiv Sharan - and a general manager did not take \"any meaningful corrective measures\" on the RBI notices, the CBI said in the charge sheet, filed last week in the City Civil and Session Court, Mumbai. Retailers to move CCI against Walmart-Flipkart  Retailers have joined hands to approach fair trade regulator CCI against USD 16 billion Walmart-Flipkart deal as they apprehend that the it would lead to massive job loss and be a \"nightmare for retail trade\" of the country. Traders body CAIT in a strongly worded statement alleged ruling party BJP of bias towards multinational companies and deviating from its commitment made in 2014 election manifesto. The Confederation of All India Traders (CAIT) said that it will move fair trade regulator CCI to file objections on the proposed Walmart-Flipkart deal, claiming that the agreement would lead to an uneven playing field and massive job losses.Amazon India valued at $16 billion with 30% e-commerce market share: reportThe popular perception is that Flipkart has ruled the roost in India, at least in recent times. The much-talked about mega deal with Walmart presumably gave it an even bigger advantage over Amazon. But a recent Citi Research report reportedly pegged Amazon India's market share at 30 per cent - the same as the Bangalore-based company - and valued it at $16 billion. Of course, the recent Walmart acquisition of Flipkart valued the latter much higher at $20-22 billion. Amazon India's current GMV is estimated to be around $5 billion, while Flipkart and its subsidiary Myntra recorded GMV of $7.5 billion in the last fiscal. But Jeff Bezos' India arm fully intends to aggressively play catch up.India to achieve 9 pc growth rate by 2022  NITI Aayog vice-chairman Rajiv Kumar today exuded confidence that Indian economy will achieve 9 per cent growth rate on sustained basis by 2022 on the back of reforms like GST, demonetisation and the Insolvency and Bankruptcy Code (IBC). Indian economy grew by 6.6 per cent in 2017-18 and expected to grow at 7.5 per cent this fiscal. In a facebook live organised by NITI Aayog Kumar said, \"Given that we have done GST, demonetisation, IBC, recapitalisation of bank, we will grow at 9 per cent growth by 2022. We will also able to sustain it at that level.\" He pointed out that Indian economy averaged 8.3 per cent from 2003-11.India sixth wealthiest country with total wealth of $8,230 billionIndia is the sixth wealthiest country in the world with a total wealth of $8,230 billion, while the U.S. is the richest nation globally, according to  the AfrAsia Bank Global Wealth Migration Review. the US is the wealthiest country in the world with a total wealth of $62,584 billion, followed by China ($24,803 billion) in the second place and Japan ($19,522 billion) in third. Total wealth refers to the private wealth held by all the individuals living in each country. It includes all their assets (property, cash, equities, business interests) minus any liabilities. In the coming decade, China is expected to witness a significant rise in total wealth. Over the next 10 years,  India will overtake Germany and the UK to become the 4th largest wealth market worldwide by 2027.


PTI
May 21, 2018



PTI
May 18, 2018



PTI
May 16, 2018



BusinessToday.In
New Delhi, May 16, 2018
Manipal-TPG combine revise bid: Why Fortis Healthcare remains such an attractive assetIndia's second largest hospital chain Fortis Healthcare is now well and truly in the midst of a bidding war with the original suitor-Manipal-TPG combine-making its third offer for the healthcare chain after the Fortis board recommended that shareholders accept the Munjal-Burman offer. On Monday, Manipal-TPG revised their offer to Rs 180 per share from its earlier offer of Rs 160 apiece, which is 8 per cent higher than the current winner Munjal-Burman combine. This entails investing Rs 2,100 crore into Fortis as against Munjal-Burman's proposal of Rs 1,800 crore. The bidding war has raised the value of each Fortis share nearly 50 per cent WOW air to enter India, offers Rs 13,499 fare for 15 North American citiesAfter disrupting the aviation market in Iceland, Mogensen is bringing his low-cost carrier to India - New Delhi to begin with - and offering one-way fares as low as Rs 13,499. The introductory fares would connect passengers from New Delhi to any of the 15 North American cities - New York, Los Angeles, Boston, Chicago, and Toronto - and London that are part of $484-million WOW's current network. There will be a stopover in Reykjavik (Iceland). The services will start in December this year subject to getting slots at the Delhi airport. Serial entrepreneur Skuli Mogensen founded WOW air in 2012, four years after selling his last venture - Oz Communications - in the mobile software space to Nokia. Mogensen says that he was almost in the retirement mode when he decided to start an airline in his native country IcelandPNB posts record Rs13,417 crore lossState-run Punjab National Bank (PNB) has reported a Rs 13,417-crore loss for the January-March period. It is the largest quarterly loss posted by an Indian lender, reeling under a $2-billion fraud, tighter loan classification norms and losses in its bond portfolio. The bank had reported a profit of Rs 262 crore in the same quarter a year ago. In February the bank had reported a massive fraud where companies linked to jewellers Nirav Modi and Mehul Choksi fraudulently secured letters of undertaking (LoUs) from its Brady House branch in Mumbai to borrow from banks abroad. Punjab National Bank has now estimated its total exposure to group firms of Modi and Choksi, including LoUs and other credit exposure, at Rs14,356 crore.Jet Airways begins UDAN flights, offers fares starting Rs 967Jet Airways that announced the commencement of its UDAN flights from June 14 yesterday, is now offering budget fares starting as low as Rs 967. The airlines announced yesterday that the first of its UDAN flights, the government's regional connectivity scheme, would be operated between Lucknow-Allahabad-Patna.  Jet Airways had bagged four routes in the second round of bidding in January where a total of 325 routes were awarded to various operators. Besides, Lucknow-Allahabad-Patna, Jet Airways will operate its UDAN flights on New Delhi-Nashik, Nagpur-Allahabad-Indore and Lucknow-Bareilly-Delhi routes. At least half of the seats in the UDAN flights are offered at subsidised rates. The participating carriers get a certain amount of viability gap funding (VGF) that is shared between the Centre and the particular state. To fund the scheme, the civil aviation ministry is collecting a levy of Rs 5,000 per departure from airlines operating in major routes, including Mumbai and Delhi.Facebook Disabled 583 Million Fake AccountsFacebook has revealed that it removed more than half a billion fake accounts and millions of pieces of violent or obscene content during the first three months of 2018, pledging more transparency while shielding its chief executive from new public questioning about the company's business practices. The findings, its first public look at internal moderation figures, illustrate the huge task Facebook faces in cleaning up the world's largest social network, where artificial-intelligence systems and thousands of human moderators are fighting back a wave of offensive content and abuse.Along with fake accounts, Facebook said in its transparency report that it had removed 21 million pieces of objectionable content, 2.5 million pieces of hate speech and almost 2 million items related to terrorism by Al Qaida and ISIS in the first quarter of 2018.Focus on renewables can create 1.5 million jobs in India: ILO report Going green has its advantages. Employment projections suggest that the net effect on job numbers created in the sustainability sector will be positive. In India, the transition to a green economy will inevitably cause job losses in certain sectors as carbon- and resource-intensive industries are scaled down. But these will be more than offset by new job opportunities, according to the ILO report World Employment and Social Outlook 2018: Greening with jobs.


Sonal Khetarpal
New Delhi, May 15, 2018
Employment projections suggest that the net effect on job numbers created in the sustainability sector will be positive.


PTI
May 3, 2018



PTI
May 3, 2018



BusinessToday.In
April 20, 2018
Alok Industries will soon be heading towards liquidation. The textile company, which did not get any suitable bidder within the 270-day period stipulated under the Insolvency and Bankruptcy Code (IBC), is likely to let go of about 12,000 permanent jobs.


PTI
April 15, 2018



PTI
April 6, 2018



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