L&T veteran N. Sivaraman will be responsible for day-to-day operations at IL&FS and provide hands-on leadership and oversight to the group's asset sale efforts
1 min read3 Dec 2018Fraud-hit Punjab National Bank (PNB) may have to rely on recoveries under IBC, asset sales to rebuild its fund base
2 min read1 Jun 2018We seem to have lost sight of the laudable objective of reviving an entity and turned phase I of the insolvency process into a bidding battleground
4 min read8 May 2018The early successes of the Insolvency and Bankruptcy Code need to be built on if India is to avoid its next great wave of corporate over-borrowing and bank mislending
3 min read8 Apr 2018Public sector banks are barely making profits, seeing an enormous erosion of capital and 11 of them are under the RBI's prompt corrective action plan
2 min read23 Feb 2018LIC, with assets of Rs27.26 trillion as of end-September, had a target of investing Rs50,000 crore in stocks through the year which ends in March
1 min read5 Dec 2017Through last week's amendment of the Insolvency and Bankruptcy Code, the government wants to send a tough message to promoters
3 min read27 Nov 2017The failure of merger deal with Aircel has sent RCom back to the drawing board to stitch together alternate deals to sell spectrum, land and fiber assets
2 min read4 Oct 2017Godrej Properties plans to use the funds raised from its office assets sale to pare debt
3 min read20 Apr 2017KKR and CPPIB, which have bought a stake in Airtel's mobile towers firm Bharti Infratel , are likely to buy Idea Cellular's stake in Indus Towers as well
2 min read29 Mar 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared