Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the Indian Railways, receives a strong response to its IPO. Maruti Suzuki launches a new offering in the entry-level hatchback segment in India, the S-Presso. Fashion retailer Forever 21 says that it has filed for bankruptcy protection, joining a growing list of brick and mortar retailers succumbing to heavy competition from e-commerce sites. Read for more top stories from the world of business and economy:
The IRCTC IPO received bids for 1,63,94,040 shares compared to 2,01,60,000 or 2.01 crore equity shares on offer by the firm, data from the NSE show.2. Anil Ambani to continue clearing dues, next debt repayment to be worth $2.1 billion
Reliance Capital has decided to shut its two lending arms - Reliance Commercial Finance and Reliance Home Finance -- by December. Both the credit verticals have a cumulative asset of over Rs 25,000 crore.
Forever 21 files for bankruptcy: The company had said last week that it would exit Japan and close all of the 14 stores at the end of October.
The RBI has appointed Jai Bhagwan Bhoria as the administrator of the PMC Bank with all the powers of the board.
PM Modi at IIT Madras: He said that no matter where they work or live, they should also keep in mind the needs of the motherland.