The three companies together owe banks more than Rs 12,000 crore in loans and interest.
India’s challenges will shift from the local economy to global issues as domestic growth picks ups, a reversal from the situation in the last three years.
The slowdown in Indian market has stabilised for sure. I think we are on the upside.
The extraordinary general meeting of the bank to take shareholder approval is slated for 19 January.
Global investors are seemingly confident about India’s prospects due to its strong macro indicators.
Lack of clarity has led the public to interpret the proposed bill as draconian - one that would make fixed deposits the currency for future bank bail-ins.
Rising demand for wind and solar power projects makes it an attractive market
Finance minister moved the second batch of grants for 2017-18 in the Lok Sabha on Monday.
Patel also flagged the increasing risk for India because of financial globalisation. He pointed out that global external liabilities have grown from 30% to 190% of global GDP between 1980 and 2015
Govt to hold talks with RBI soon, as higher charges may impede expansion of digital payments.
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