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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.


PTI
New Delhi, February 17, 2016
In a presentation to investors, L&T has listed the \"increased road build-out by NHAI with current focus on EPC (engineering, procurement and construction) projects\" as \"opportunities\".


Reuters
Shanghai, February 1, 2016
The official version of the PMI survey for manufacturing slipped to 49.4 in January, from 49.7 the month before and short of forecasts of 49.6.


Anand Adhikari
Delhi, February 6, 2016
In the past four years, the gross NPAs of banks have climbed up from 2.36 per cent to 4.3 per cent of total assets to Rs 3,23,344 crore.


PTI
Geneva, January 21, 2016
Global FDI flows \"unexpectedly\" increased significantly by 36 per cent, according to the annual report of the United Nations Conference on Trade and Development released.


Matthew Perrone and Tome Murphy
New Delhi, January 20, 2016
The New Brunswick, New Jersey, company said that amounts to more than 2 per cent of its global workforce of around 127,000 people and 4 per cent to 6 per cent of its employee total in medical devices.


BT Online
New Delhi, January 11, 2016
The news was tweeted by co-founder Sachin Bansal who welcomed the new CEO and said, \"Together we will create magic\".


By T.C.A. Rangachari
Delhi, December 31, 2015
India should reinvigorate its pursuit of the democratisation of the international order replacing the post-World War II order with one that represents, more truly, the global realities of the times.


Associated Press
The Hague, December 10, 2015
The bank announced the move saying it would \"make every possible effort to avoid compulsory redundancies\" as it cuts the jobs by 2018. Worldwide, Rabobank employs some 48,000 people.


Suvashree Dey Choudhury and Neha Dasgupta
Mumbai, November 26, 2015
The RBI, while allowing foreigners to buy defaulted bonds, said that the maturity of the bonds should be three years or more. The move is a potential boost to the distressed debt market.


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