Finance Ministry Warns Wilful Defaulter Again, Asks Banks To Nail Them

The Windows 8 Finance App Gets New Improvements

He said banks have been advised to cut down their net non-performing assets (NPAs) and so wilful defaulters must be dealt as firmly, correctly and expeditiously as possible. Takru had earlier this month gave a stern warning to wilful defaulters and told them that they should be prepared to cede management control of their companies as they are putting public’s money at stake. As of June quarter, total restructured assets of banks crossed Rs 4 lakh crore, and the major contributor are the state-run banks. In FY’13, banks restructured Rs 75,000 crore loans under the corporate debt restructuring (CDR) mechanism, which was nearly double the level in the previous fiscal.

Market Chatter-Corporate finance press digest

Even though no details on this new build has been provided at the time of writing this article, this particular version most likely comes to address some of the bugs found by Microsoft engineers in older releases. As a result, expect the Finance app to load faster on both Windows 8 and Windows RT , while also offering a much more stable overall experience on either platform. Designed for Windows, the Finance app puts control at your fingertips. Swipe through colorful charts for a quick read on the day’s events. Rich graphics help you find the latest mortgage, auto, and credit card rates.

government’s massive bailout of failed insurer AIG. His tenure also included legal troubles, some of which still plague his successors. Ackermann was put on trial on charges of breach of trust in connection with large bonus payments made to executives at telecommunication firm Mannesmann, where he served on the board. Mannesman’s CEO, board chair and other officials got 57 million euros ($76 million) in bonuses after they accepted a hostile takeover by Britain’s Vodafone in 2000.

Zurich Chairman Quits After Finance Chief’s Death

sister plant in the deal, a source with knowledge of the matter said. * Swedish refiner Nynas will win unconditional EU antitrust approval for its proposed acquisition of most units of Royal Dutch Shell’s Harburg refinery, a person familiar with the matter said on Thursday. * AT&T Inc will examine Vodafone Group Plc’s remaining assets after Verizon Communications buys out the British mobile carrier’s stake in Verizon Wireless, Bloomberg reported, citing people familiar with the matter. * L’Oreal will be ready to buy Nestle’s 29.5 percent stake in the French cosmetics giant next year, French daily Les Echos reported, citing L’Oreal Chief Executive Jean-Paul Agon. * Private equity firm Blackstone Group LP’s real estate unit is set to take over Netherlands-based real estate company Multi Corp following the completion of its restructuring, Bloomberg reported, citing two sources familiar with the matter.

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