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Government Panel Report On Insolvency In Small, Medium Units Likely By Budget Session

A panel set up by the Union finance ministry to help frame a bankruptcy code will submit its suggestions on insolvency in small and medium enterprises (SMEs) by the budget session of Parliament, followed by its report covering the larger corporate sector ...

Daily Headline - global.abi.org - 11/09/2014 - 20:08 - 0 comments

Banks Step Up Restructuring Of Stressed Assets

Indian banks have only two quarters left to restructure stressed assets without significantly dragging down their profits—a fact that’s prompting banks to step up the recast of loans that may eventually need restructuring, Livemint.com reported. Effectiv ...

Daily Headline - global.abi.org - 10/26/2014 - 17:42 - 0 comments

Italy's Lucchini To Ask India's JSW Steel To Lift Its Offer

Troubled steelmaker Lucchini said on Tuesday it planned to ask India's JSW Steel to raise its offer of less than $100 million for the Italian company's core assets in Piombino on the Tuscan coast, Reuters reported. Lucchini, Italy's second ...

Daily Headline - global.abi.org - 10/14/2014 - 21:05 - 0 comments

Bahrain Batelco Says India Ex-Partner Is Bankrupt, Seeks $212 Million Owed

subscribers, a 0.4 percent market share. In February 2012, S Tel was ordered stripped of its licences as part ...

Daily Headline - global.abi.org - 09/01/2014 - 19:41 - 0 comments

Need Strong Insolvency Law To Prevent Fraud: Rajan

The Reserve Bank of India (RBI) is working with the Centre to improve governance in public sector banks, RBI governor Raghuram Rajan said on Wednesday and called for a bankruptcy code to prevent misuse of the system in future. The governor also warned of ...

Daily Headline - global.abi.org - 08/13/2014 - 21:13 - 0 comments

Embroiled In Bribery Case, India's Bhushan Says Servicing Debt

which has its main operations in the eastern state of Odisha, owes net debts of $5.86 billion - eight ...

Daily Headline - global.abi.org - 08/12/2014 - 22:17 - 0 comments

India Regulator Approves REIT Rules

India's capital markets regulator yesterday approved rules for the creation of real estate investment trusts and infrastructure-investment trusts in the country, the Wall Street Journal reported today. The step comes a month after Finance Minist ...

Daily Headline - abi_admin - 08/11/2014 - 11:40 - 0 comments

India's RBI Leaves Key Rate Unchanged as It Continues to Monitor Inflation

by 0.50 percentage point to 22 percent with effect from the two weeks starting on Saturday. Read ...

Daily Headline - abi_admin - 08/05/2014 - 12:00 - 0 comments

Hidden Assets Seen Worth $2 Trillion Targeted by India

India’s new Prime Minister Narendra Modi didn’t waste much time: Among his first acts on his first day in office was to make it a priority to recover billions of dollars stashed overseas to avoid taxes, Bloomberg News reported. Within 24 hours of his May ...

Daily Headline - global.abi.org - 06/08/2014 - 20:06 - 0 comments

India's New Bank Insolvency Law To Increase Yields

India has proposed a framework for the bankruptcy of financial institutions that will align the country with international standards, Reuters reported. Analysts suggested, however, that the regulation will increase the cost of senior funding for Indian b ...

Daily Headline - global.abi.org - 05/26/2014 - 20:54 - 0 comments

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