State Bank of India filed an insolvency petition against Videocon. The TV maker filed an appeal to get back control, blamed India and Brazil for bad debt pile.
Proposed resolution plans must either bring value to the enterprise or a meaningful recovery for creditors, says Rajnish Kumar, chairman of State Bank of India, the country's largest lender.
This phase belongs to the ‘non-aligned’ parties. They could play a critical role in the eventuality of a hung parliament, which looks much more likely than it did one month ago.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
SBI does not need to worry unduly about official statistics, which are proving to be as capricious as England’s weather. It has a wealth of data about its own business record to date, amounts advanced and recovered to different sectors, profitability, write offs, the rise and decline of different sectors of the economy, the changing proportions of corporate and retail loans in its portfolio. For a while, when the world did not trust Chinese government statistics, they learnt to assess the state of its economy based on metrics that were hard to fudge, like growth of electricity consumption.
SBI does not need to worry unduly about official statistics, which are proving to be as capricious as England’s weather. It has a wealth of data about its own business record to date, amounts advanced and recovered to different sectors, profitability, write offs, the rise and decline of different sectors of the economy, the changing proportions of corporate and retail loans in its portfolio. For a while, when the world did not trust Chinese government statistics, they learnt to assess the state of its economy based on metrics that were hard to fudge, like growth of electricity consumption.