NBCC and Suraksha group, which are in the race to acquire the Jaypee Group firm, were asked by the lenders to sweeten their offers and both the potential buyers have submitted their revised offers under the Insolvency and Bankruptcy Code (IBC).
Modi govt is touting a 7% GDP growth in the fiscal year that ended last month.
Banks will also need to disclose the provisions that have to be made as per the IRAC rules
In a petition filed Wednesday through advocate Vijay Aggarwal, he said he was unable to return to India due to persistent health problems.
Rakesh Singh as the new CFO will be responsible for the day-to-day management of the company
The former chief economist of the International Monetary Fund (IMF) has been one of the names touted for the post.
RBI Governor Shaktikanta Das has shown more willingness than his predecessor Urjit Patel.
There are only two modes of business funding: debt and equity. Debt could however be a silent killer.
Digital CFO has to judiciously marry the new world challenges with stability provided by mature and time-tested processes. Also, simultaneously adopt the new regulatory challenges.
Looking at the relief measures and the costs associated, the government, at the end of the day, seems to have addressed the challenges facing the economy quite well
Companies after companies have been treating good governance as something which is to be written on paper, and not to be practiced.
CFOs, while they commit investments for growth this year, will have to think about mitigating the risk of volatility as it is the election year.
The challenge of placing sustainability at the centre of the business is accentuated by limited understanding of this area, therefore leading to inability to use the right models to measure return.
The CBIC has notified the simplified 'statement for payment of self-assessed tax' in Form GST CMP08 to be filed by taxpayers who have opted for composition scheme, under which businesses have to pay lower rate of tax on their turnover.
Data backs govt's forecast for growth to ease to just over 6% — the slowest pace in nearly two years — in March quarter.
ITC has also moved NCLT against Hotel Leela alleging "oppression and mismanagement".
It’s an all-cash deal which does not include Dhunseri Tea’s smaller brands ‘Chhote Lal’ and ‘Dhunseri Gold’.
According to IBBI report, out of the 1,484 cases admitted for the CIRP, 586 have been closed till December 2018.
Private investment in India has been weak for years now, first under a Congress Party-led coalition and then under BJP.
Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.
At a meeting in the Prime Minister’s Office last week, one of the most radical suggestions was to remove the ceiling, which allows shares with DVRs to be up to 26% of the post-issue capital.
Loans of over Rs 2,000cr given by ICICI Bank during Chanda Kochhar's tenure as CEO to Jaypee Group and Bhushan Steel are under Enforcement Directorate's scanner.
15000+ Industry Leaders read it everyday
Tata Power Delhi Distribution CFO Hemant Goyal talks about his top dilemma in an interaction with ETCFO.
