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PTI
Hyderabad, July 18, 2016
According to the minister, as on June 30, the EPFO invested Rs 7,468 crore in two index-linked ETFs (Exchange Traded Funds) - one to the BSE's Sensex and the other to NSE's Nifty.


By Nevin John and P. B. Jayakumar
Delhi, June 14, 2016
Barring exceptional circumstances, Subrahmanyan is likely to be anointed by L&T's board as the next managing director & CEO. But the company he will inherit and run until it's time to pass on the baton will be a vastly different entity from the one he takes over from Naik.


PTI
Mumbai, June 14, 2016
The Reserve Bank of India (RBI) relaxed guidelines on Monday for lenders restructuring large stressed loans, in a move that could allow banks to more effectively manage bad loans.


By PB Jayakumar
Delhi, June 13, 2016
AM. Naik wants to restructure L&T within the next five years to create a much bigger L&T Group, but as a lean, high-tech company.


PTI
London, June 3, 2016
Tata Steel is believed to be close to striking a deal with the UK government to keep its British steelworks rather than sell it off, which would secure the future of 11,000 workers, UK media reports said on Friday.


Rajeev Dubey
June 2, 2016
The RBI and the government are forcing big borrowers to reduce leverage. Some companies are managing it better than others.


By Ranjeev C. Dubey
Delhi, May 28, 2016
The law must provide a framework in which entrepreneurs can either revive their failing businesses or seamlessly exit them and take another shot at commercial success


Reuters
Seoul, May 23, 2016
The handset business has now stabilized, and had its best profit in nearly two years in January-March, though historically low smartphone industry growth still leaves Samsung looking for the \"next big thing\".


BT Online
May 18, 2016
The stock closed 5.08 per cent or 67.85 points higher on the BSE.


PTI
London, May 13, 2016
Confident of clearing up the bad-loan mess, RBI Governor Raghuram Rajan on Friday said there is \"absolutely no chance of a Lehman moment\" in India and a three-cornered firewall was being created to safeguard the economy from external shocks.


Anand Adhikari
Delhi, May 11, 2016
In the past five years, the performance of discoms has only deteriorated, with accumulated losses at a staggering Rs 3.8 lakh crore. The outstanding loan has more than doubled, from Rs 2 lakh crore to Rs 4.3 lakh crore.


PTI
September 29, 2015



By Nevin John
Delhi, April 21, 2016
Nine years ago, Tata Group shelled out $12 billion to pick up Corus - its biggest purchase till date. Now it is exiting at a huge loss. The distress sale is a dream turned sour for the group that made India's biggest overseas acquisition at the peak of the commodities supercycle.


PTI
New Delhi, March 26, 2016
With this, all approvals for the deal are in place and Rosneft now has to restructure Vankorneft by giving OVL board positions and carving out the Vankor fields into a separate company, all of which is expected to be completed by June.


E Kumar Sharma
New Delhi, March 16, 2016
Air India is on road to turning the corner and begin showing profitability ahead of what was originally envisaged by the government. Ashok Gajapatghi Raju, the minister of civil aviation announced this at a press conference at the India Aviation 2016 event in Hyderabad on Wednesday.


Reuters
New Delhi, March 14, 2016
CPPIB and the Indian financial services conglomerate, along with its asset reconstruction arm, Phoenix ARC, plan to invest in asset sales by banks with the aim to restructure, recover and turnaround companies in distress.


Reuters
Tokyo, March 7, 2016
Asian shares hit two-month highs on Monday, extending their sharp gains in the previous four sessions, following upbeat US jobs data and rebound in oil commodity prices.


Reuters
London, March 4, 2016
Following criticism of its current tax arrangements, the global tech giant would pay tax on profits generated from advertising revenue initiated in Britain instead of routing sales through Ireland.


Anand Adhikari
February 29, 2016
FM Arun Jaitley has opened the door for ARCs to strengthen their capital by hiking the sponsor's stake in ARCs from a maximum of 50 per cent to 100 per cent.


By Niti Kiran
Delhi, February 25, 2016
Cash reserves of Indian companies dipped in 2015, mostly due to debt repayment efforts.


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