Economy

Multilateral trading system is under stress, says Minister Commerce Minister Suresh Prabhu on Monday said he was in talks with at least 150 countries to work out the way forward for reforming the World Trade Organisation (WTO). He said that the multilateral trading system was under stress and a number …

NCLAT had ruled in favour of the revised resolution plan for Rs. 7,950 crore The Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT) order that approved the revised bid of Aditya Birla group firm UltraTech Cement for acquiring debt-ridden Binani Cement at Rs. 7,950 crore. A …

The Securities and Exchange Board of India (SEBI) has started acting against entities that are alleged to have executed manipulative and orchestrated non-genuine trades in the illiquid stock option segment of BSE almost five years ago.The penalty, however, imposed in most cases has been the minimum stipulated Rs. 5 lakh, …

Expert panel to review economic capital framework for future earnings The tension between the government and the Reserve Bank of India (RBI) appeared to have defused for the time being with both agreeing to settle for a middle ground at the end of an over nine-hour board meeting on Monday. …

The Reserve Bank of India seems to have carried the day, after all, in Monday’s marathon 9-hour board meeting. Going by the brief statement that it put out, of the six deliveries that it had to play, the RBI has shouldered arms to two — PCA relaxation and capital framework …

Multilateral trading system is under stress, says Minister Commerce Minister Suresh Prabhu on Monday said he was in talks with at least 150 countries to work out the way forward for reforming the World Trade Organisation (WTO). He said that the multilateral trading system was under stress and a number …

NCLAT had ruled in favour of the revised resolution plan for Rs. 7,950 crore The Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT) order that approved the revised bid of Aditya Birla group firm UltraTech Cement for acquiring debt-ridden Binani Cement at Rs. 7,950 crore. A …

Bihar to be declared ODF before March 22: Sushil Bihar Deputy CM Sushil Kumar Modi on Monday said the entire Bihar should be declared Open Defecation Free before State’s foundation day on March 22 next year. The target has been set to declare the entire country ODF by October 2, …

“The Board also advised that the RBI should consider a scheme for restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs. 250 million [Rs. 25 crore] , subject to such conditions as are necessary for ensuring financial stability,” the RBI said. On the …

Expert panel to review economic capital framework for future earnings The tension between the government and the Reserve Bank of India (RBI) appeared to have defused for the time being with both agreeing to settle for a middle ground at the end of an over nine-hour board meeting on Monday. …