Business News
Insolvency law catalysed recovery of Rs 3 lakh crore in 2 yrs, says Injeti Srinivas
Explaining the numbers, the secretary said while the resolution of the 60 cases have so far yielded around Rs 71,000 crore, some Rs 50,000 crore is expected to be recovered from Essar Steel, which is at the advanced stage of being resolved.
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Satyapal Malik puts J&K Bank in public sector, kicks off autonomy row
PDP’s Mehbooba Mufti described it as a “disturbing step to snatch every bit of autonomy that our institutions have”. Sajad Lone of People’s Conference said his party’s economic philosophy is decentralisation and total liberalisation.
OIL to buy back 4.45% shares for Rs 1,085 crore
In a filing to stock exchanges Friday, Oil India said its board has approved buyback of shares at an aggregate of no more than 10 per cent of the fully paid-up equity share capital and free reserves of the company.
‘358 Central infra projects face Rs 3.38 lakh crore cost overrun’
Projects without definitive timelines are unmonitored projects which are yet to report timelines or status of completion. This also indicates more projects being added in the pipeline and the timelines will be definitive going forward, it said.
Non-basmati rice exports get 5% MEIS benefit for four months
“This has come at an opportune time. Hopefully, the decline in export of non-basmati rice may be recovered in the next four months,” said BV Krishna Rao, president of Kakinada-based Rice Exporters Association.
AAI cancels Air Odisha’s UDAN license for poor performance
Air Odisha, the sole operator in Jharsuguda airport, has been facing complaints after failing to operate flights as per schedule and for cancelling flights without informing passengers, Airport Director S K Chauhan had told The Indian Express.
RBI’s governance structures have to be discussed: Economic Affairs Secretary
With oil prices collapsing, Garg said, things had turned around and FPIs were once again bringing in money and, as a result, he expected yields to fall further.
Making NCR housing healthier, easier, and futuristic: Know the story of T&T group’s CEO Ankush Tyagi
In a conversation with Somdatta Saha, Ankush Tyagi, a former commercial pilot, elucidated on his decision to get into real estate business to upgrade modern living as we know it.
J&K bank brought under purview of RTI, CVC, State Legislature
As the state is a major shareholder in it, there was a need to enhance transparency in the transaction of its business.
Vodafone Idea chairman Kumar Birla meets telecom secretary
In an earlier meeting with officials Birla is understood to have sought government's help in form of some relaxation in the taxes and dues which industry pays on a quarterly basis to the DoT.
Telecoms to switch off 200 million users soon
While Bharti Airtel has come out with seven pan-India plans beginning at `35, Vodafone has come out with five plans where also the lowest re-charge is `35 a month
Growth in non-food credit rises to 15.11%
The last time non-food credit grew faster was in November 2013, when it clocked 15.6 per cent y-o-y during the fortnight ended November 13.
