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Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.Business
Direct NCLT Allahabad for early hearing on insolvency plea against...

A single member NCLT bench of Justice Bansi Lal Bhat directed to list ICICI Bank's plea on July 1 for hearing.

17 Jun 2019 1:18 PM IST

Homebuyers have been protesting after NCLT admitted IDBI Banks insolvency plea against Jaypee Infratech. Photo: Representational/PTIBusiness
Jaypee Infra insolvency: Lenders move NCLAT seeking nod to vote...

The voting on NBCC's bid started on Friday and will continue till June 10.

1 Jun 2019 11:12 AM IST

Financial journalist Deepali GuptaBooks
Unravelling the Tata Mistry

Financial journalist Deepali Gupta talks about her fascination with the boardroom battle between Ratan Tata and Cyrus...

31 July 2019 12:03 AM IST

Jaypee Infratechs Interim Resolution Professional (IRP) Anuj Jain too favoured voting process for the revised offer.Business
Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for...

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

17 July 2019 7:01 PM IST

The JSW Steel scrip closed 2.41 per cent up at Rs 294.85 on the BSE, as against a gain of 0.46 per cent on the benchmark.Business
Not backing out from buying Bhushan Power: JSW tells NCLT

NCLT said that alleged fraud reports will not have any impact on the insolvency resolution process and JSW's resolution...

15 July 2019 3:29 PM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.Business
Banks set to report healthy numbers for Q1

Credit costs are expected to moderate for corporate-heavy banks such as ICICI Bank, Axis Bank and State Bank of India.

11 July 2019 1:55 AM IST

The aircraft is being inspected by the Jet Airways Engineering team and ground personnel. (Representational Image)Business
HDFC wants NCLT to keep Jet Airways Hqs out of resolution plan

The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs...

4 July 2019 4:43 PM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.Business
Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr...

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and...

4 July 2019 3:31 PM IST

Reliance Infrastructures (Rinfra) subsidiary DAMEPL on Friday moved the Delhi High Court seeking attachment of DMRCs bank accounts for not depositing 75 per cent of the over Rs 5,164 crore arbitral award, including interest, within the time given by the court.Business
Now, debt-laden Anil Ambani plans to lease out Reliance Infra...

The company had said it would utilise the entire proceeds for debt reduction.

1 July 2019 5:43 PM IST

Homebuyers have dragged two NCR-based real estate firmsUmang Realtech Homes and Today Homes Noidato the National Company Law Tribunal (NCLT) after they failed to deliver flats on time.Business
Homebuyers drag two NCR realtors to NCLT

In both cases, homebuyers relied on the amended Insolvency and Bankruptcy Code (IBC), which gives them a new status as...

26 Aug 2019 1:16 AM IST

\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.Business
Enforcement actions have generated 'lot of soul searching' at cos:...

In recent times, the ministry has initiated stringent action against various entities, including auditors, in the IL&FS...

12 Aug 2019 5:40 PM IST

Sources at the National Aviators Guild (NAG), the pilots union of Jet Airways, said the bond requirement has been communicated to the junior pilots. (Photo: Representational/PTI)Business
Jet Airways resolution professional seeks more time to pay salaries

When it was operational, Jet Airways had over 22,000 employees of them over 16,000 were on the rolls.

9 Aug 2019 1:50 PM IST

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