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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.

Promoters may be allowed to bid

The Union Cabinet may take up the proposed ordinance during its meeting scheduled for April 25.

25 April 2018 3:00 AM IST

The Enforcement Directorate (ED) is set to register three separate cases to probe the alleged irregularities in certain contracts awarded by the Delhi governments Public Works Department (PWD).

ED to attach assets worth Rs 15,000 crore under ordinance

The ED is the empowered agency to enforce the new ordinance.

25 April 2018 3:00 AM IST

Online travel agency MakeMyTrip and e-commerce giant Flipkart have tied up for online bookings of hotels and flights.

Discount on direct sellers' products by e-com players hits industry

IDSA said the advantage of home delivery and cash on delivery options on e-commerce platforms have diluted sales of...

24 April 2018 7:10 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil prices rise to USD 75 a barrel, highest since 2014

One of the factors limiting the oil rally is rising US production.

24 April 2018 4:54 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India signs USD 210 million loan pact with World Bank

The project will cover 10,510 km stretch of rural roads in Madhya Pradesh that fall under the CMGSY programme.

24 April 2018 4:32 PM IST

The government on Tuesday said the electoral bonds, which are used to make anonymous political donations, carry a serial number as part of in built security feature.

3rd tranche of electoral bonds sale from May 1: Finance ministry

Electoral bonds are being pitched as an alternative to cash donations made to political parties.

24 April 2018 4:16 PM IST

Agriculture is one of those sectors where we have seen no reforms, whether in terms of export-import policies or domestic constraints.

Govt meets Rs 10 lakh cr credit disbursal target for FY18

Agriculture credit is growing every year and reached Rs 10 lakh crore last fiscal.

24 April 2018 3:30 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Over 1,800 entities default in paying fine to Sebi

Securities Laws Act empowers Sebi to recover penalties imposed by the Adjudicating Officer.

24 April 2018 3:07 PM IST

President Donald Trump speaks in the Diplomatic Reception Room of the White House on Friday, April 13, 2018, in Washington, about the United States military response to Syrias chemical weapon attack on April 7. (Photo: AP)

Aimed at China, Trump's tariffs are hitting closer to home

The tariffs are aimed primarily at China for flooding the global market with cheap steel and aluminum.

24 April 2018 12:33 PM IST

The government on Monday said the re-introduction of the e-way bill system for GST has been smooth with no technical glitches.

E-way bill rollout on Monday in four states: Govt

As on April 22, more than 1,84,000 e-way bills have been successfully generated.

24 April 2018 9:25 AM IST

Former RBI governor Raghuram Rajan.

Rajan a possible contender for Bank of England governor post

UK government hunts for a candidate to take charge from next year, according to a media report.

24 April 2018 8:41 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Banks stay cautious on infra lending

Bankers said most of the restructuring happens in long term projects in the infrastructure sectors.

24 April 2018 1:18 AM IST