NCLAT order in Binani Cement’s case may end up being a Diwali gift for Essar Steel’s operational creditors, experts say.
Economist and trade policy professor Eswar Prasad writes that the RBI and government’s standoff is alarming for the country.
The company incurred a surprise loss in the second quarter after paying a one time non-cash exceptional item worth Rs 2,003 crore.
The government hopes RBI will address issues related to liquidity to NBFCs and credit flow for MSMEs in its next meet on Nov. 19.
Buying Jet, with its fleet of 124 aircraft, would return Tata to the forefront of Indian aviation in terms of size, almost 70 years after its first airline was nationalised, and six years after it re-entered the market with two joint ventures.
MSSL’s Q2 profit dipped 15 percent year-on-year to Rs 371 crore as the company incurred startup costs of Rs 166 crore.
Cabinet Committee on Parliamentary Affairs has recommended convening of the winter session of Parliament from Dec. 11 to Jan. 8.
The RBI and government are trying to reach common ground on key issues like relaxation in prompt corrective action framework.