The Reserve Bank said on Monday it will reconstitute the oversight committee (OC) under its aegis to operationalise the banking ordinance for resolving the issue of bad loans that have soared to over Rs 8 lakh crore. [...]
Mon, May 22, 2017
Source: TIMES OF INDIA BUSINESS
The rupee on Monday firmed up by 9 paise to 64.55 on dollar unwinding amid continued political worries in the US. Rupee kicked off the session on a positive note at 64.52 from last close of 64.64 on sustained dollar selling and added further strength to hit an intra-day high of 64.4375. [...]
Mon, May 22, 2017
Source: TIMES OF INDIA BUSINESS
Government run Air India plans to raise around Rs 80 crore through sale of its seven properties, including some land parcels, as a part of its asset monetisation plan. The national carrier has mandated the state-run auctioneer MSTC to put these properties under the hammer. [...]
Mon, May 22, 2017
Source: TIMES OF INDIA BUSINESS
Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor unease over the US carmaker's stock performance and prospects. [...]
Mon, May 22, 2017
Source: TIMES OF INDIA BUSINESS
Tesla Motors may have to put its India plans on hold owing to local sourcing norms and supply issues, the company’s CEO Elon Musk hinted in a tweet. In February, Musk had said Tesla may launch in India this summer. [...]
Mon, May 22, 2017
Source: TIMES OF INDIA BUSINESS