Business

Five former independent directors, including former Chairman S B Mathur, in a letter, have also mentioned about IL&FS being unable to raise additional equity despite several attempts and the "asset-liability" mismatch that continued to aggravate.

The government is looking to bolster the fortunes of the state-run carrier after the proposed strategic stake sale failed to take off in May. Against this backdrop, efforts are continuing for the sale of the airline's non-core assets.

In recent weeks, the rupee has taken a beating amid volatility in global markets and strengthening of the greenback. The central bank has been taking various measures to shore up the rupee.

It will be on the lines of similar schemes for excise and service tax, which has been subsumed under the Goods and Services Tax (GST). Customs and Income Tax also have such informer reward schemes.

The city-headquartered engineering and infra lending conglomerate owes over Rs 91,000 crore to lenders, but has been on a defaulting spree since August 27.

The increase in price will boost earnings of producers like Oil and Natural Gas Corp (ONGC) and Reliance Industries but will also lead to a rise in the price of CNG, which uses natural gas as input. It would also lead to higher cost of urea and power prod...

The RBI took action because the bank failed to comply with promoter shareholding norms. Axis Capital believes this move by the RBI will impact Kotak Mahindra Bank (KMB) as well.

The benchmark BSE Sensex closed 0.27 percent lower at 36,227.14 and was down 1.67 percent on week while the broader NSE Nifty ended 0.43 percent lower at 10,930.45, shedding nearly 2 percent for the week.

The capital infusion of Rs 5,431 crore by the Centre would be through preferential allotment of the bank's equity shares at a price determined as per the regulation, PNB said in a filing to stock exchanges.

The Ministry of Labour and Employment has begun the process for providing the facilities of registration and licensing mandatorily online on the Shram Suvidha Portal, a ministry statement said.

Items on the Indian sensitive list can be imported at the most-favoured-nation tariffs from any SAFTA country, including Pakistan, because India accorded Pakistan the status in 1996. However, Pakistan has not granted India the most-favoured-nation's statu...

At the event, entrepreneurs, innovators, actors and sportspersons who have been featured in this year’s ‘Forbes India Tycoons of Tomorrow’ list will be felicitated.

Max Group, which has a commanding presence in life insurance, health and allied businesses as well as packaging sectors, is developing a 'Grade A' office complex 'Max Tower' spread over nearly one acre of land located on Delhi-Noida border.

The survey, conducted during July-September 2018, covered nearly 200 firms of varying sizes, the CII said while releasing its 104th edition of quarterly Business Confidence Index (BCI).

After failing to get a buyer earlier this year, Air India with a debt pile of over Rs 50,000 crore is facing cash crunch and has been delaying various payments including salaries to its staff.

The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.