Business

There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and her family members in a loan provided to Videocon Group on a quid pro quo basis. It was alleged that Videocon pumped money into NuPower Renewables, a firm owned by Deepak K...

The index had broken its three-day falling streak in the previous session Monday by ending 179.79 points, or 0.51 per cent, higher at 35,649.94.

In a meet to understand the concerns of vendors to promote the ease of doing business for MSEs, the NTPC chairman has proposed a single window registration for MSEs across CPSUs.

This is the first time that government has invoked the powers under Section 130 0f the new Companies Act of 2013 to reopen ledgers of a company.

Shares in European aircraft maker Airbus tumbled more than nine percent on Thursday after French daily Le Monde reported it could face record fines of several billion dollars in a US corruption inquiry.

Niti Aayog Member and agriculture policy expert Ramesh Chand said, "Even CAG report says that farm loan waivers does not help. Loan waivers is no solution to address distress in farm sector."

IL&FS has initiated the process of divesting its stake in the road businesses as individual assets or as a portfolio of assets, it said in a statement.

The National Green Tribunal (NGT) on Saturday set aside the Tamil Nadu government order for closure of the copper unit at Tuticorin, which was at the centre of massive protests over alleged pollution, saying it was "non sustainable" and "unjustified".

"This is lazy governmentif an action is worth doing, it should be paid out of budgetary resources. It also is against the interests of minority shareholders in PSBs," he said here.

India is restricted to buying 1.25 million tonnes per month, or about 300,000 barrels per day (bpd).

Forex traders said a higher opening of domestic equity markets and weakening of the US dollar against some currencies overseas boosted the local unit.

The Mistry camp had challenged the July 9 order of the Mumbai bench of the NCLT which dismissed the pleas against his removal as Tata Sons chairman, as also the allegations of rampant misconduct on part of Ratan Tata and the company's board.

Kishore and Modak have been appointed to the board in the capacity of nominee directors of Infrastructure Leasing & Financial Service.

The top court also ordered attachment of four swanky corporate offices of Amrapali Group situated in Noida and Greater Noida, and asked the Debt Recovery Tribunal, Delhi, to auction them.

The central bank said that the GDP growth in April-September of current fiscal has been broadly in line with RBI projection of 7.4 per cent for full fiscal.

Milan Paleja has informed the company's board of his decision to resign as the vice chairman and managing director effective May 31, 2019 for embracing challenges outside of Novartis, the company said in a regulatory filing.