With the insolvency tribunal taking Jet Airways India Ltd. under its wing on Thursday, there may be one more abortive attempt to sell it whole
Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March
Partly by default, and partly by design, Prime Minister Narendra Modi has managed to assemble a newish-looking team for his second term. Hopefully, the freshness will carry over to ideas.
In a UK-style parliamentary democracy, people voted for PM Modi as though he was their de facto president.
Alexandria Ocasio-Cortez and Andrew Yang might not even be aware of it, but the controversial economic ideas espoused by the two young U.S. politicians are being tested in a national election thousands of miles away.
Supreme Court on Tuesday struck down a controversial 2018 directive from the Reserve Bank of India, which gave lenders a 180-day deadline to resolve non-performing loans.
To see just how badly they have bungled RCom, consider the stinging rebuke the lenders received from an appeals judge at India's bankruptcy tribunal last week:
Investors' concerns haven't fully dissipated, and that shows the problem with the sprawling Tata Group's structure.
The gamble, which seeks to avoid putting Jet Airways into court-administered bankruptcy, will be put to a shareholder vote on February 21.
Although the stake-sale plan has been known for a while, the official explanation so far was that Zee wanted a partner to become a -global media-tech player.-
Walmart Inc.'s splashy acquisition last year of Flipkart Online Services Pvt., the homegrown e-tailer giving Amazon.com Inc. a solid run for its money, might have given the impression of a two-horse race.
The problem is that as 2015 was ending, Jet was earning only half a rupee more in revenue per seat kilometer than IndiGo.
Their first move, unveiled Thursday, is an innocuous - even laudable - infusion of 410 billion rupees ($5.9 billion) into troubled state-run lenders, bumping up this fiscal year's outlay for bank recapitalization by 63 percent to 1.06 trillion rupees.
After IL&FS blew up, the funding market froze, and the credit industry cried mommy, begging the central bank to act as the lender of the last resort.
Rajan strongly opposed the idea of handing supervision of the government securities market to the stock-market regulator.