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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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Get best of equity, debt features in one product
DNMUM433572 | 3/18/2019 12:00:00 AM | Author : Kumar Shankar Roy | WC :1076

Mumbai: For some cleverly designed investment products, being ‘two-faced’ is a positive feature. These products have debt/fixed income allocation, but they are taxed not like debt. If you invest in such products, you can get the stability benefit

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Why people find it mentally painful to pay advance tax
DNMUM433573 | 3/18/2019 12:00:00 AM | Author : Vivek Kaul | WC :667

“That was a long call,” she said, as soon as I got off the phone.“Yeah.”“Who were you talking to, V?” she asked.“A friend.”“What about?”“Oh, he paid advance tax last week and was cribbing about it,” I said.“Cribbing?” she asked.“You see, this friend
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Navratna to sick PSU
DNMUM433577 | 3/18/2019 12:00:00 AM | Author : Mansi Taneja | WC :1424

Remember the operators who use to connect your calls from the erstwhile landline era or the lineman who repaired faults in your telephone connection. You might have forgotten them with the onset of mobile phones, but such people still work for the st
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Yamaha bets big on premium bikes
DNMUM433578 | 3/18/2019 12:00:00 AM | Author : Shahkar Abidi | WC :480

Mumbai: Japanese auto major Yamaha Motor India, which aims to increase its market share from 5% to 12% in around a year’s time, is banking on the premium motorcycle segment for its growth. The company on Friday introduced MT 15, its 150 cc engine mot
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