ECONOMY

Business

In this Indian town, ‘Billionaires’ work as labourers and peons in factories
each and every employee, including laborers are multi-millionaires
05.07.17 - team pt

Can you believe that even factory workers can be millionaires? And not one, two or even ten, but most of them! Literally!

Yes. There is a factory which has each and every employee, including laborers, peons and watchmen who are multi-millionaires.
 
Factories in motown Sanand are faced ...
  


RBI gives borrowers additional 60 days to repay loans
21.11.16 - TEAM PT

In view of cash crunch being faced by borrowers, the RBI today provided additional 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore. 

This is applicable to loans payable between November 1 and December 31, the RBI said ...
  


India's largest airwave auction that will offer very high data speed starts; Jio, Vodafone, Airtel and Idea in fray
01.10.16 - TEAM PT

The Department of Telecommunications (DoT) has commenced the country’s biggest ever spectrum auction wherein airwaves worth Rs 5.66 lakh crore are put up for sale.

The auction kicked off at around 10 am and will continue till 7 pm.

Seven mobile operators, including Reliance Jio, Bharti Airtel, ...
  


No plans to return to India,I am in‘forced exile’:Mallya
29.04.16 - pt team

Embattled tycoon Vijay Mallya has said he is in a "forced exile” and has no plans to return to India where things are flying at him "fast and furious.”

Mallya, whose passport was revoked this month, said he wanted a "reasonable” settlement with creditor banks for ...
  


India asks UK to deport Vijay Mallya
28.04.16 -

India said on Thursday it had asked Britain to deport Vijay Mallya, the liquor tycoon who flew to London last month as bankers pressed him to repay about $1.4 billion owed by his defunct Kingfisher Airlines.
 
According to a report by Reuters the Ministry of External ...
  


SC allows SEBI to sell Sahara properties worth Rs 40,000 cr
29.03.16 -

The Supreme Court on Tuesday asked the Securities and Exchange Board of India (Sebi) to initiate the process of selling 87 "unencumbered" properties of Sahara group, whose title deeds are with the market regulator, to generate the bail money for release of its chief Subrata ...
  


Here's why one of the world’s richest men buys his clothes at flea markets
11.03.16 - Peter Holley

With a net worth of more than $40 billion (Rs. 2,68,000 Crores), Ingvar Kamprad, founder of the furniture chain Ikea, is among the richest people in the world.
 
He is also, it appears, among its most frugal.
 
This week, the eccentric billionaire -- number nine in last ...
  


Pause, Vijay Mallya. Rs 515 Crores Settlement from Diageo is Stopped for now.
07.03.16 -

A tribunal today temporarily halted a Rs. 515 crores settlement to be paid by spirits giant Diageo to liquor baron Vijay Mallya, after he resigned as chairman of Diageo unit United Spirits. 

The court - the Debt Recovery Tribunal (DRT) - ruled in favour of a ...
  



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