Nirav Modi's Gitanjali Gems saw its market value rise from Rs 9.9 billion to a Rs 58 billion in seven years. Now its market value stands at just Rs 1.46 billion.
The VTB-led consortium’s bid will be in contest with that of Lakshmi Mittal’s ArcelorMittal, which submitted a higher offer than the VTB investor group last month.
The individuals are owners/directors of companies which have been identified as 'wilful defaulters'. About 400 companies have been identified as such.
The global middle class is typically defined as having daily consumption expenditure levels of above $10 (in terms of PPP), which is almost Rs 650.
Singapore still the most expensive city; instability in India is a prominent factor in lowering the relative cost of living, says an EIU report.
Patel defended the central bank, saying it is simply impossible for the regulator “to be in every nook and corner of banking activity to rule out frauds”. New Delhi: Days after finance minister Arun Jaitley...
Crypto currencies issued by countries would be more vulnerable to arbitrary interventions in supply and demand.
Blockchain technology is expected to account for as much as 10% of global GDP by 2027. Even banks are waking up to the possibilities of cryptocurrency.
According to Ashok Gulati, the system’s bias towards consumers needs to be dumped, as do the dole model and export bans.
Renewable energy production surged in 2016, with around two-thirds – or 165 gigawatts – of net new capacity coming from clean sources.