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PTI
New Delhi, September 20, 2018
The total reserve price for the two choppers was Rs 3.5 crore, as per the sale proclamation document issued by the Debts Recovery Tribunal.


PTI
New Delhi, September 20, 2018
Last month, Adani Enterprises had filed a plea in the Bombay High Court seeking quashing of all LRs against its firms that are under probe for alleged over-invoicing of Indonesian coal imports.


PTI
September 19, 2018
Former Infosys chief financial officer Rajiv Bansal has filed a caveat in a civil court here against the city-based company after an arbitral tribunal directed it to pay him outstanding severance package amount of Rs 12.17 crore with interest.


PTI
New Delhi, September 18, 2018
Daiichi Sankyo, which has filed an intervention application in the insolvency plea filed by HDFC Bank, said they have a decree to recover money against RHC Holding.


BusinessToday.In
September 18, 2018
Infosys had agreed to pay Bansal a severance package of Rs 17.38 crore or 24 months of salary, but the company suspended payments after co-founder NR Narayana Murthy and former board member Mohandas Pai objected to the move and termed it 'excessive'.


BusinessToday.In
New Delhi, September 17, 2018
The Central Pollution Control Board (CPCB) said that vehicular pollution contributes 20% of total pollution load in Delhi, out of which 30% is contributed by two-wheelers.


Prosenjit Datta
New Delhi, September 17, 2018
Over the next few years, a number of entrepreneurs, who had shot to prominence over the past decade and a half, will either have lost their entire businesses or will see their empires shrink dramatically in size, after losing many of their companies.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


PTI
September 15, 2018
The penalty has to be paid by the entities \"jointly and severally\". According to a SEBI order, Sumangal had collected Rs 85 crore from investors through illegal collective investment schemes.


BusinessToday.In
New Delhi, September 14, 2018
Shivinder Singh says he decided to withdraw the case after \"repeated urging\" by his mother. He also says his decision to disassociate from his brother, and tread an independent path, stands.


BusinessToday.In
New Delhi, September 14, 2018
The Mittal-owned company told the SC it would lift the escrow on Rs 7,000 crore and pay the money owed by Uttam Galva and KSS Petron -- the defaulting companies in which the steel tycoon is classified as promoter -- if it gets to bid successfully for Essar Steel.


PB Jayakumar
New Delhi, September 13, 2018
Apart from the stay, the stressed power plants were also given another breather recently, when the high-level empowered committee constituted by the Prime Minister's Office allowed retaining fuel supply agreements (FSAs), Power Purchase Agreements (PPA) and long-term transmission network access rights.


Rajeev Dubey
New Delhi, September 13, 2018
Their mother Nimmi Singh has requested both her sons to engage in mediation led by family elders to settle issues, says the withdrawn application.


BusinessToday.In
New Delhi, September 13, 2018
The proposals floated by the DoT reportedly include combining all telecom levies into one charge, on the lines of the GST that subsumed indirect taxes. Most of the disputes relate to multiple levies under different heads such as licence fees, spectrum usage charges and one-time spectrum fee


BusinessToday.In
September 12, 2018
Defaulting companies in the power sector as well as some sugar, shipping and textile companies that had seemed destined for bankruptcy court under the RBI's new norms on stressed assets got a last-minute breather from the Supreme Court yesterday.


BusinessToday.In
New Delhi, September 12, 2018
The SC order will also buy the stressed shipping and sugar companies, which had approached the top court against the order, some more time.


BusinessToday.In
New Delhi, September 11, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party. JSW Steel bought out this contentious stake ahead of the second bidding round


BusinessToday.In
New Delhi, September 11, 2018
The bank was able to recover around Rs 8,445 crore in the April-June quarter alone, which is over 23 per cent of all recoveries made during the period. PNB recovered around Rs 5,618 crore in FY18 and Rs 5,643 crore the previous year.


PTI
September 10, 2018
World's largest steel producer ArcelorMittal on Monday offered Rs 42,000 crore to acquire Essar Steel Ltd, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.


PTI
September 10, 2018
If NCLT allows the plea of the ICICI Bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.


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