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ARCs want to be at par with Bad Bank

DNMUM416134 | 6/14/2018 | Author : Manju AB | WC :414

Mumbai: Asset reconstruction companies (ARCs) will ask the government and Reserve Bank of India (RBI) for a level-playing ground with the new Bad Bank the government plans to create.
All the 25 ARCs, which met in Mumbai on Wednesday, have decided to ask for a transparent pricing of loans so that every ARC has equal opportunity to bid and acquire the stressed assets that will be up for sale. The Association will petition Sunil Mehta committee which has been bestowed the task of setting up the broad contours of the Bad Bank.
ARCs said there should be uniform pricing parameters and that bad loans should not be just passed on to the new government-supported entity. The loan sales should be an outcome of a transparent bidding p
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‘We’ve lined up capex of `15K cr for 3 years’
DNMUM428010 | 12/14/2018 12:00:00 AM | Author : Swati Khandelwal | WC :525

V S Parthasarathy, chief financial officer (CFO), Mahindra & Mahindra, spoke about the expected growth of the company, the impact of the trade war, acquisition of Korea’s SsangYong Motor and Mahindra-Ford alliance during an interview with Swati Khand
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Food for your pet’s soul
DNMUM428011 | 12/14/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :538

When millennials vouch by pure and gourmet foods, why leave out their beloved pets? Dogs and cats are getting a taste of all things artisanal and organic, with exotic ingredients like yak cheese, black rice, quail eggs making their way into curated p
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Uncertainty may lead to re-rating of power sector
DNMUM428027 | 12/14/2018 12:00:00 AM | Author : Sandeep Upadhyay | WC :676

Power sector is grappling with the double whammy of uncertainties revolving around policy and decision making along with depleting interest from the investors due to more than ever before focus on renewables.
About a fifth of the total power gener
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Let there be light
DNMUM428028 | 12/14/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :1452

In India’s bankruptcy courts, a clutch of electricity generators and ancillary companies are jostling for space. An unusual growth in capacity addition over the last few years that outpaced the demand had created stress in the sector, taking one afte
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