A risk profile of select industries as at end September 2016 showed that iron & steel and power industries had high leverage as well as interest burden, a report by CLSA says.
While the Indian economy is gathering momentum, it is imperative that key bills such as the GST and the Bankruptcy Bill be implemented in 2017. The upcoming Budget will give the government the chance to chart the future course for structural and institutional reforms.
India and the US are targeting a four-fold jump in bilateral trade to USD 500 billion in the near future, which stood at nearly USD 110 billion in 2015.
Indicating a subdued start, SGX Nifty, at the time of writing, was trading at 7846.50 down 26.00 points.
This Bankruptcy bill is a historic legislation that will transform the Indian economy, says Minister of State for Finance Jayant Sinha.
Reserve Bank is working on a new system for making public the list of wilful defaulters, while a new mechanism is being put in place for out-of-court settlement of bad loan-related disputes, Governor Raghuram Rajan said today.
Indian markets are expected to open in the red Friday, tracking losses in Asian markets and ahead of the key US jobs data.
TK Viswanathan, Chairman, Bankruptcy Law Reform Committee, shares the optimism of Finance Minister Arun Jaitley on the early passage of the Bankruptcy Bill.
Speaking to CNBC-TV18, Gautam Chhaochharia said that he expects an earnings growth of around 10 percent for the fiscal year 2017 and sees a strong fourth quarter for the pharma sector on a year-on-year basis.
Minister of state for finance, Jayant Sinha in an interview to CNBC-TV18, said the government has not only adhered to the fiscal deficit target, it has also increased public investment in a significant manner
The finance ministry and the Reserve Bank of India are unhappy with public sector banks for not dealing with 'bad promoters' and have asked them to use corporate debt restructuring (CDR), strategic debt restructuring (SDR) and sell 'bad' promoters' assets to bring them to task
A survey by instaVaani shows that three out of four people think the Congress was wrong in disrupting the Winter session, a Mint report states.
Sunil Jain of The Financial Express says even before the National Herald case, Rahul Gandhi's tone was very aggressive and the passage of GST looked difficult.