Reliance Infra, of Anil Dhirubhai Ambani group informed on Tuesday that the company is to initiate an aggressive series of bidding as it is backed by enough finances. Lalit Jalan, the CEO of the organization [...]
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A report prepared by the RBI (Reserve Bank of India) and Central Government on assessment of the Financial Sector states that mergers in Public Sector is a good option. The merging entities should be decided [...]
The Finance Ministry is looking for options to enhance the transparency of the budgets and accounts owned by the government. In the wake of this attempt, the next year’s budget is deemed to rank more [...]
Bharat Heavy Electricals Ltd (BHEL) today said that the turnover of its boiler auxiliaries plant had reached an all time high figure of Rs 2000 crore for the financial year 2008-09. The profit before tax [...]
Post trying her hands in various fields like photography, fashion styling, make-up art, merchandising, Jayanti Chauhan, the daughter of Ramesh Chauhan has decided to enter father’s empire. The 24 yr old is the only child [...]
The Central Bureau of Investigation (CBI) on Tuesday chargesheeted Satyam’s founder and chairman B Ramalinga Raju in the Rs 7800 crore accounting scam and if convicted he may have to face life imprisonment under section [...]
Corporates look at sticky debts as ‘easily manageable ones’. Also, banks have more opportunities for making profits due to RBI’s decision of loosening the accounting norms. The modifications in the form of ‘relaxing of provisions’ [...]
In some cases, the amount of debt is more than the market capitalization of the firm. Among the ones trying to cope up with the debt is Wockhardt that is looking forward to tackle the [...]
To lessen the troubles faced by credit defaulters, banks are now allowed to take away the vehicle only during fixed hours and only after giving three advance notices. Also, this can be done only by [...]
The money market association has decided to give a re-look to the valuation norms of perpetual bonds. This will help the banks in reporting greater treasury gains thereby covering up for the losses due to [...]
