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Homebuyers have been protesting after NCLT admitted IDBI Banks insolvency plea against Jaypee Infratech. Photo: Representational/PTI

Jaypee Infratech lenders reject NBCC's bid, to vote on Suraksha offer:...

Suraksha group has also made an offer of land worth Rs 5,000 crore.

27 April 2019 10:25 AM IST

$The beleaguered Jet Airways, which is flying just six-seven aircraft on Saturday, has asked its lenders to grant some \interim funding.\ (Photo: ANI)$ Business

Jet Airways CEO tells staff, 'No clarity or commitment on salaries...

Dube also said in the past few days the leadership team is trying to convince the lenders to release some funds to the...

26 April 2019 8:17 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

'Bonanza time': Foreign carriers savour rising India demand as Jet...

Jet Airways's descent into crisis has benefited international airlines in with of rising fares and demand, data showed.

26 April 2019 4:58 PM IST

$Addressing a conference on Insolvency and Bankruptcy Code (IBC) at Hong Kong on Thursday, IBBI chief MS Sahoo observed that \in addition to rescuing viable firms, which is the sole objective of IBC; resolution plans under IBC have yielded 200 per cent of liquidation value for creditors.\$ Business

Resolution plans under IBC have yielded 200 pc of liquidation value:...

IBBI chief MS Sahoo noted that the repayment of debt is no longer an option, as tolerance for default has disappeared.

26 April 2019 3:39 PM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 April 2019 2:26 PM IST

HCL technologies

HCL Technologies sets up cyber security centre in Texas

The inauguration featured Chief Guest US Representative Van Taylor along with local dignitaries.

26 April 2019 1:41 PM IST

Amazon declined to put a price tag on the program, called Amazon Future Engineer, but said it will take up a big chunk of the USD 50 million that it committed to spend on computer science education last year.(AP Photo/Richard Vogel, File)

Amazon raises stakes for rivals with one-day delivery goal after...

The news marks a costly challenge for competitors that will have to pour money into a logistics problem.

26 April 2019 12:57 PM IST

Supreme Court of India (Photo: PTI)

SC directs RBI to disclose information on bank inspection report under...

Supreme Court made it clear that it was giving a last opportunity to RBI to comply with provisions RTI.

26 April 2019 11:38 AM IST

As per NSE data, bids for 1,109 crore shares were received by the rights issue, which was open between April 10 and April 24.

Vodafone Idea's Rs 25,000-cr rights issue sails through

The country's largest telecom operator offered 2,000 crore new shares at Rs 12.50 apiece.

26 April 2019 6:37 AM IST

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

Stressed assets resolution: RBI mulls giving 60 days additional time...

Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.

25 April 2019 7:54 PM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea needs more fund in FY19 to finance spectrum repayments:...

Vodafone Idea is in the process of raising Rs 25,000 crore through a rights issue.

25 April 2019 7:42 PM IST

Apis Partners to invest USD 110 mn in L&T Infra Debt Fund

L&T IDF has a loan book of Rs 8,000 crore and the investment will help grow the book, an official statement said.

25 April 2019 7:20 PM IST