Business

The Supreme Court had Tuesday declared the one-year-old circular as 'ultra vires', in response to a petition by stressed borrowers.

Against the backdrop of persisting concerns over the future of the ailing airline, Goyal said he has conscientiously taken some hard, personal decisions in extending cooperation to the consortium of Indian lenders.

The Embassy Office Parks REIT (real estate investment trust) issue raised around Rs 4,750 crore last week and on its listing on Monday the unit jumped 6.3 percent on debut trade against the issue price of Rs 300.

The new standard on leases ushers in a substantial change in the accounting for operating leases by lessees and few improvements in the disclosure-related aspects for lessors accounting, according to the Institute of Chartered Accountants of India (ICAI).

The hike will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector.

The IBN, chaired by PM Khadga Prasad Oli, is a high-level fast track agency with the objective of facilitating the economic development of Nepal by creating an investment-friendly environment.

In an office order, the Central Board of Direct Taxes (CBDT) asked its field offices to facilitate filing of tax-returns by the taxpayers by opening additional receipt counters.

On the issue of grant of international flying licence to AirAsia, the government said it will take a decision after considering all aspects of the matter as well as the rules and laid down policy in this regard.

The Rail Vikas Nigam Ltd (RVNL) IPO comprises of up to 25,34,57,280 equity shares of the company through an offer for sale by the President of India, acting through the Ministry of Railways, Government of India, a company statement said on Tuesday.

The 30-share index pared some ground and was trading 82.05 points, or 0.21 per cent, up at 38,627.77. It had rallied 412.84 points to 38,545.72 in the previous session.

Abu Dhabi-based Etihad is a strategic partner with 24 per cent stake in Jet Airways. Naresh Goyal would also cease to be the chairman, the filing had said.

The guild had last week announced that its over 1,100 -odd members would stop flying from April 1 of their salaries dues were not cleared and clarity on the revival roadmap was not provided by March 31.

Gupta, 70, has penned his memoir Mind Without Fear' that released Monday and tells of his dramatic rise to the top of the corporate and financial world in America and then his fall after being charged in 2012 in one of the largest insider trading cases in...

Under the rescue plan, Jet's lenders, led by State Bank of India (SBI), will issue a loan of 15 billion rupees ($218 million) to meet the airline's obligations and will form an interim management committee to oversee operations.

At the Interbank Foreign Exchange (forex), the domestic currency opened lower at 69.11 a dollar and gained to touch the day's high of 68.72. It finally settled at 68.83 per dollar, up 13 paise over its previous close.

Investigators into the Boeing Co 737 MAX crash in Ethiopia eight days ago have found striking similarities in a vital flight angle with the 737 MAX that came down off Indonesia.