Chemicals
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »
The Telengana Chief Minister K Chandrasekhara Rao has asked the Chairman of Piramal group Ajay Piramal to invest in the proposed Phama City that the State Government is planning to set up. The Chief Minister stated Ajay Piramal that he can set up a facility there and also find a place in order to develop [...] Continue Reading »
The changes are made by the Corporate Affairs Ministry to avoid confusion among share holders and bring consistency to its recent guidance. There will not be two classes of companies for reduction purpose as it was mentioned in the new company law schedule for depreciation. The ministry also restored revenue-based amortisation for toll-roads developed under [...] Continue Reading »
