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Banks play down cancellation impact - Livemint
The official declined to be named. Canara Bank chairman S. Raman said the bank has around rRs 1500 crore exposure to two companies—Idea Cellular Ltd and Tata Teleservices Ltd—some licences of which have been cancelled. These loans are secured, ...
Panel suggests setting up task force to speed up PPP projects - Livemint
“The meeting was on (the) Pitroda report as also to discuss the forthcoming railway budget,” said the Planning Commission official, who did not want to be identified. The railway budget is expected to be presented in March. The panel included Vinayak ...
2G, audit overhang on telcom firms - Livemint
A Mumbai-based telecom analyst, who did not want to be identified, said Bharti Airtel Ltd could end up having to pay Rs 8000 crore, Vodafone India, Rs5,000 crore, and Idea Cellular Ltd, Rs 2000 crore. Interestingly, the Telecom Commission is also ...
GoM meet on Air India, jet fuel postponed - Livemint
“The meeting is unlikely to happen as one of the ministers is travelling to Davos,” said a government official, who declined to be named. A second government official, who too did not want to be named, confirmed the meeting has been cancelled and a new ...
West Bengal faces fiscal crisis as spending spins out of control - Livemint
... receives this advance and diverts it from its intended purpose, paying salaries and pensions in the last two months of the current fiscal year is going to be difficult, according to three government officials, who did not want to be identified.
Finance ministry not in favour of using state grants for roads - Livemint
A former highways ministry official (not one of the three officials mentioned earlier), who also did not want to be identified, agreed with the finance ministry's view. “Where will the government get `70000 crore to build 20000km via the EPC route?
Tayals in talks to recast loans worth `2800 cr - Livemint
Both of them declined to be named as the discussions have not yet concluded. Other group firms seeking loan recast are Jaybharat Textile and Real Estate Ltd, Eskay K'n'IT (India) Ltd, Krishna Lifestyle Technologies Ltd, Asahi Fibres Ltd, Global Softech ...
India may exclude clause on lawsuits from trade pacts - Livemint
The department of industrial policy and promotion (DIPP) has in principle decided not to include such a condition, an official said on condition of anonymity, which allows firms of the partner country investing in India to take legal action against the ...
GoM meet on Air India, jet fuel postponed - Livemint
“The meeting is unlikely to happen as one of the ministers is travelling to Davos,” said a government official, who declined to be named. A second government official, who too did not want to be named, confirmed the meeting has been cancelled and a new ...
Tayals in talks to recast loans worth Rs 2800 cr - Livemint
Both of them declined to be named as the discussions have not yet concluded. Other group firms seeking loan recast are Jaybharat Textile and Real Estate Ltd, Eskay K'n'IT (India) Ltd, Krishna Lifestyle Technologies Ltd, Asahi Fibres Ltd, Global Softech ...
Aadhaar gets a fresh lease of life - Livemint
The official who did not wish to be identified said that the concept of the introducer system was meant to bring about inclusion. The concept in itself was fine, but faltered in its implementation sometimes, he said, adding, “We will review the whole ...
Mallya likely to meet DGCA chief - Livemint
The regulator may clarify the course of action on the airline as the findings against it “are the most critical”, said a government official who declined to be named. Kingfisher chief executive Sanjay Aggarwal met Bhushan on the safety report earlier ...
Air passenger growth slows to 8% - Livemint
Photo: Pankaj Nangia/Bloomberg Double-digit growth “is possible if your economy is growing at 9-10%”, said a senior official with a private airline, who declined to be named. Economic growth may slow to 7% in year to 31 March, according to Prime ...
Standing committee calls MCA officials to discuss Companies Bill - Livemint
... which had given its suggestions on the Companies Bill, 2011, has called some officials from the ministry of corporate affairs (MCA) on Tuesday to discuss the draft law, said two persons familiar with the matter, who declined to be named.
India to review economic, security ties with Myanmar - Livemint
“It would also give India a chance to exchange views with Myanmar on internal developments in the country and also on international developments” vis-a-vis the changes in Myanmar, a person familiar with the matter said on condition of anonymity. ...
Finance ministry clears proposed national microfinance law - Livemint
They declined to be named due to the sensitivity of the matter. “The Bill will now be referred to the cabinet and is expected to be tabled in the budget session,” one of them said. The budget session is expected to begin by mid-March. ...
Delay in funding puts question mark over Ennore port project - Livemint
The delay in awarding the contract and implementing the project has raised the cost to about Rs 1550 crore, said at least two people briefed on the matter. The consortium, which includes Obrascon Huarte Lain SA , Lanco Infratech Ltd and Eredene Capital ...
India, China sign pact to set up border management mechanism - Livemint
This would codify the details of the many rounds of talks between Dai and India's special representatives so that the next round of dialogue will carry on from this point, a person close to the developments said. India has had four special ...
India, China seek to establish border management mechanism - Livemint
“A meeting between Hu and the Prime Minister Manmohan Singh is on the cards when the Chinese President comes,” said a person close to the development. Ahead of Monday's talks, Dai who has been China's special envoy for the border talks since 2003, ...
Haldia management in a bind as losses mount - Livemint
These people, too, refused to be named. In fiscal 2011, HPL made a net loss of around `250 crore. The company's annual financial results have not been ratified by the board for years because of restrictions arising out of the legal battle between the ...
Unpaid Kingfisher pilots may call in sick - Livemint
Some Kingfisher pilots may call in sick starting Tuesday, following a similar protest by state-run Air India Ltd's pilots that disrupted about 40 flights on Saturday, according to three airline executives, who declined to be named. ...
Unpaid Kingfisher pilots may call in sick - Livemint
Some Kingfisher pilots may call in sick starting Tuesday, following a similar protest by state-run Air India Ltd's pilots that disrupted about 40 flights on Saturday, according to three airline executives, who declined to be named. ...
Haldia management in a bind as losses mount - Livemint
These people, too, refused to be named. In fiscal 2011, HPL made a net loss of around Rs 250 crore. The company's annual financial results have not been ratified by the board for years because of restrictions arising out of the legal battle between the ...
Scams scare companies into carrying out 'sanity' checks - Livemint
The lawyer declined to be named and divulge case details, citing client confidentiality. While some companies are scrutinizing domestic deals they've done in the past, say law experts, a few multinational companies are also doing a legal check on ...
CAs lobby against RBI plan to reduce audits - Livemint
An Icai council member who did not want to be identified, said, “Icai will make a representation to RBI that in the larger interest of corporate governance, larger number of advances sanctioned by PSBs should be audited. ...