Bhupendra Singh ChundawatInsolvency and Bankruptcy Code (IBC) and the government’s emphasis on resolution provide opportunity for asset reconstruction companies as stressed assets still have inherent value, Finance Minister Arun Jaitley said. During discussions with Asset Reconstruction Companies (ARCs) and Private Equity firms (PE) today, he said these non-performing assets (NPAs) were essentially productive assets which, if turned … Read more
NEW DELHI: Two days before the deadline for filing income tax (I-T) returns ends, the online filing system of the tax department developed a technical snag on Saturday affecting taxpayers’ efforts to upload their annual statements. “For the last two hours, the system has stopped functioning. It is showing a glitch. We now have a huge backlog of returns … Read more
NEW DELHI: Faced with criticism that it gives dirty blankets to passengers, the railways is working on a pilot project to discontinue providing them in AC coaches in some trains. Recently, the CAG, in its report tabled in Parliament, criticised the railways on cleanliness and hygiene in trains and stations. On a trial basis, the railways will maintain the temperature … Read more
Equity benchmark NSE Nifty touched the psychological mark of 10,000 for the first time in Tuesday’s opening trade. The broader index opened at 10,010.55, gaining 44.15 points. Here are some of the key points which contributed to the surge: Optimism among investors The policies introduced by the Narendra Modi-government have provided a sense of optimism in the … Read more
Udaipur : A mother and her 7 year old daughter died when a jeep they were travelling in was swept away in rain waters in Chhani village of Kherwada block in Udaipur on Monday morning. Two others including the driver were rescued after an operation that continued for over three hours. “ Vimla (30) wo Dinesh … Read more
Bajaj Auto is reportedly planning to increase its market share to 26% from the current 15%. In this regard, the company is taking corrective measures including launch of more than half a dozen products. With the help of new launches under the brands V, Avenger, Dominar and Pulsar Bajaj Auto managed to spruce up its … Read more
Tata Power Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and the Government of Delhi, has been assigned Solar Power 1A (SP 1A) rating by ICRA, one of India’s leading rating agencies, for the second time in a row. The acknowledgement has been credited to TPDDL as the highest honour rating of SP1A … Read more
