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NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.Business
NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 cr plan for...

ArcelorMittal's resolution proposal provides financial creditors Rs 41,987 cr out of their total dues of Rs 49,395 cr.

18 March 2019 3:57 PM IST

Kiran Mazumdar ShawBusiness
Infosys shareholders approve reappointment of Shaw as independent...

In public institution category, 93.57 pc of the votes backed Shaw's reappointment, and about 6.4 pc of the votes were...

18 March 2019 3:54 PM IST

Reliance Group Chairman, Anil Ambani (Photo: File)Business
A day left for Anil Ambani to pay USD 80 mn to avoid jail

The repeated failure to comply and Ambani's personal guarantee landed him in trouble last month,

18 March 2019 3:44 PM IST

Nissan said it plans to bring the device to other countries eventually and install it in 30 per cent of the 40 million Nissan vehicles that are on the roads at present.Business
Nissan governance panel sees no need to overhaul alliance agreement:...

The external committee tasked by Nissan to propose ways to bolster the firm's corporate governance.

18 March 2019 2:35 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.Business
SBI central board to meet later this week for extension of capital...

In December SBI shareholders approved its plans to raise up to Rs 20,000 cr through various modes including FPO, to fund...

18 March 2019 2:22 PM IST

IOC and the state govt agreed to revised terms at the meeting called at the behest of Pradhan. (Photo: AP)Business
IOC hopes to restart fire-hit CDU at Panipat plant in 2-3 days

The state-controlled company has two equal size CDUs at the refinery.

18 March 2019 12:45 PM IST

Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)Business
Jet Airways delays payment to debenture holder

Jet has been saddled with debt of over USD1 billion due to tight competition and rising fuel costs.

18 March 2019 11:50 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.Business
Jet Airways grounds its operations in Abu Dhabi Airport

Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

18 March 2019 11:23 AM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.Business
Dewan Housing shares rise; CFO moved as corporate strategy head

An auditor had earlier this month dismissed media allegations that DHFL had created shell companies to divert funds.

18 March 2019 11:23 AM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.Business
Insurance industry wants IFRS 17 adoption deferred

IFRS norms like risk-based capital framework is necessary to assess the financial strength of a company.

18 March 2019 4:32 AM IST

Wirecard, a star in the German stock market for more than a decade, came under selling pressure after a series of reports of a possible fraud in Indian operations.Business
Acquisition of Chennai firm at centre of fraud investigation

Germany's Wirecard under S'pore probe for likely money laundering.

18 March 2019 4:12 AM IST

ASSOCHAM, cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.Business
Assocham charter of demands for political parties pitches for 8-8.5 pc...

To boost manufacturing, industry body asked for gradual simplification of GST structure aiming dual rate slab 8 and 16...

17 March 2019 7:07 PM IST

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