The CCEA may take a decision on the restructuring proposal for state electricity boards on Thursday, reports Sumit Jha of CNBC-TV18.
Hewlett Packard Co raised its third-quarter earnings outlook and said it was taking an USD 8 billion goodwill impairment charge in its services unit.
Diwakar Gupta, MD & CFO, State Bank of India, Ashvin Parekh, Ernst & Young, Vaibhav Agrawal, Angel Broking and SS Mundra, ED, Union Bank discuss the implications of Mahupatra Committee recommendations which said that its time now for India did away with the concept of restructured assets.
For Shipping Corporation of India, the choppy economic waters have proved too tough to navigate.
State Bank of India (SBI) is expected to report a net profit of Rs 3,580 cr for the fourth quarter of FY12 as against Rs 21 cr a year ago, according to CNBC-TV18 poll. Even though it looks like a phenomenal growth in its net level, analysts tracking the bank refuse to draw any such year-on-year comparison.
Kishore Biyani prepares his youngest daughter Avni Biyani to over the group's food division.
Hotel Leelaventure expects an agreement on restructuring its debt to be finalised on April 27, a company official said.
CNBC-TV18 caught up with aviation minister, Ajit Singh, for a low down on what medicine the government has in store for the ailing sector. Check out his comments.
There is no proposal of restructuring or spinning off cement unit of Century Textiles and Industries and also no proposal to add any textile business, reports CNBC-TV18, quoting Reuters.
In an interview to CNBC-TV18 MV Nair, CMD, Union Bank throws some light why Moody has downgraded Union Bank. He feels gross NPAs, low provision cover and capital adequacy are three key areas which led to the downgrade.
Speaking to CNBC-TV18, SBI chairman Pratip Chaudhuri reveals that there could be some hope for Kingfisher after all. He says that some lenders could look at giving fresh funding to the company. He also confirmed that Vijay Mallya is in serious talks with some big investors.
Genus Power Infrastructures is going to consider restructuring proposal today, reports CNBC-TV18.
SBI has declared the loan to Kingfisher as NPL. N Seshadri, executive director, Bank of India spoke to CNBC-TV18 about his expectations of the airline and what his stand is on the credit given.
Bank of America Corp officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring.
Bank of Baroda has the best performing stock among top tier public sector banks and even a couple of high quality private names, over the last one year. The stock has declined around 12%, but that is much lower than the 17-34% slide suffered by most of its rivals. During the same period, Bank Nifty—the benchmark for banks—fell around 15%.
Top Indian mobile carrier Bharti Airtel said it plans to undertake restructuring exercise in its businesses, which is expected to have "minimal impact" on jobs.
The markets have been reacting to fears of pledged shares being sold off upon falling short of the margins allotted by the brokers. Jagannadham Thununguntla, Head of Research, SMC Global joins CNBC-TV18 to discuss the issue.
SP Tulsian joins CNBC-TV18 to pick out his favorite stocks for today and also gives his outlook of the markets today.
Greek Prime Minister George Papandreou discussed new emergency measures with his cabinet on Monday to cut the deficit, keen to convince lenders Athens can deal with a debt crisis without a restructuring.
Zuari Industries touched an intraday high of Rs 647 and an intraday low of Rs 624.95. At 15:21 hrs the share was quoting at Rs 633.05, up Rs 3.10, or 0.49%.
Air India said on Thursday it is in "final stages" of discussions with banks for restructuring Rs 20,000 crore of debt and expects to complete the formalities by end-June.
Essar Shipping, Ports and Logistics is undergoing major restructuring where it will be split into two - Essar Ports Ltd, and the new entity, Essar Shipping Ltd. Shareholders will get 1 share of Essar Shipping and 2 of Essar Ports for every 3 shares of the old company.
Standard and Poor's cut Greece's rating to B from BB-, dragging it further into junk territory over concerns that a debt restructuring is increasingly likely.
Infosys plans to complete an ongoing reorganisation of its business divisions in about two months as part of the firm's strategy to boost growth over the next few years, its newly named chief executive said on Sunday.
L&T will demerge or sell all its assets under Rs 500 crore, said Chairman AM Naik, who expects to complete the restructuring of the company into focussed verticals by March 12,2012.