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Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Insolvency law's objective is reorganisation of defaulting firms:...

Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.

31 March 2019 4:54 PM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC Bank to add 100 branches in Northeast

As of December 31, 2018 HDFC network in Northeast region comprised 126 branches and 203 ATMs.

31 March 2019 4:10 PM IST

Larsen and Toubro (L&T) on Thursday said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market.

Larsen & Toubro expects USD 1 bn revenue from L&T Nxt in 5-7 years

L&T Nxt will focus on artificial intelligence, IoT, virtual reality, augmented reality, geospatial solutions and...

31 March 2019 3:41 PM IST

The Directorate General of Safeguards (DGS) has slapped a profiteering notice on Jubilant FoodWorks for allegedly not passing on GST rate cut benefit to consumers at its Dominos Pizza outlets.

GST officers prodding businesses to deposit taxes by March 31 to meet...

The practice of prodding assessees to pay taxes by March end was also prevalent during erstwhile excise and service tax...

31 March 2019 2:00 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

DPIIT working on definition of accredited investors to boost...

DPIIT which works under commerce and industry ministry, has prepared a draft definition and is seeking views of...

31 March 2019 1:23 PM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Branches of Vijaya, Dena Bank to function as BoB outlets from April 1:...

Earlier this week, government decided to infuse Rs 5,042 crore in BoB to enhance its capital base ahead of merger.

31 March 2019 12:29 PM IST

The company is required to increase its public shareholding to 25 per cent of its paid-up equity share capital on or before October 2, 2020.

Cardif sells 5 cr shares in SBI Life Insurance for 2,889 crore

The sale was done at average price of Rs 577.93 per equity share.

30 March 2019 11:05 AM IST

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.

GAIL, BHEL sign pact for development of solar power projects

GAIL commands 75 per cent market share in gas transmission and has a gas trading share of over 50 per cent in India.

30 March 2019 10:17 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

DPIIT starts analysing stakeholders' views on draft e-commerce policy

DPIIT, sources said, does not intend to extend the deadline for seeking views on the draft e-commerce policy.

29 March 2019 4:28 PM IST

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

Rescue deal is no panacea for India's struggling Jet Airways

Goyal still holding a 25.5 pc share in Jet, which gives him the legal right to block key decisions including raising...

29 March 2019 3:11 PM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

Lenders ask for fresh round of bidding for Amtek Auto at NCLAT

Amtek Auto has a total debt of Rs 12,603 crore and the liquidation value of its assets was determined at Rs 4,119 crore.

29 March 2019 2:55 PM IST

Rustom Irani will also be inducted into the companys Board effective 1st April 2019.

Hitachi Payment appoints Rustom Irani as MD, Loney Antony elevated to...

Rustom has been with the company for over 8 years, and served as the Chief Operations Officer of Hitachi Payment...

29 March 2019 1:29 PM IST