Heavy selling pressure was observed in fast moving consumer goods (FMCG), capital goods, consumer durables, metal and power indices of the BSE.

\"We filed the caveat against KFA in SC shortly after Calcutta HC delivered the judgement yesterday (on August 28)\", said Executive Director of UBI D Narang.

Kingfisher had moved the court seeking directions to the PNB to rescind its August 21, 2014 notice and to restrain it from taking any action against the airlines.

Kingfisher has sought directions to the bank to rescind the notices and also restrain it from taking any action against the airline pursuant to the same.

Replying to a specific question on the need for bankruptcy laws, Rajan said he was hopeful that the code embedded in the amended Companies Act passed last year will help things, but it has been stuck due to some issues which need to be worked out.

Stocks of the mid-sized private sector bank dropped  by 7 per cent to Rs 576 on the BSE. At the NSE, the scrip was down 6.72 per cent to Rs 575.

RBI Executive Director B Mahapatra said the bank is working on a system to enable entrepreneurs seeking to exit insolvent businesses.

The CDR mechanism was created in early 2000 to help distressed corporates with a loan exposure of over Rs 10 crore. If a CDR fails, the asset is classified as an NPA. Today, many corporates are going down despite huge debt restructuring packages.

It is important that a few pressing issues in key sectors are addressed on a priority basis by the government, so that the investment and consumption sentiment in the country is boosted and economic growth can be revived.

In the current gloomy economic climate, with companies tightening their belts and disaffection amongst employees spreading, keeping the flock together and keeping it motivated is a critical task. Again, training needs to continue, but is there enough of it?

The Canada-based bitcoin bank said it was closing down after losing bitcoins worth about $600,000 to a hacker attack enabled by flaws in its software code.

The merged carrier will be the world's biggest and will keep the American Airlines name, but it will be run by US Airways CEO Doug Parker. American's CEO, Tom Horton, will serve as chairman of the new company.

Reliance MediaWorks has submitted a winning bid of $30.2 million to part-own some of the businesses of James Cameron's Digital Domain Productions.

The bankrupt American Airlines has decided to end services between Chicago and New Delhi, leading to loss of around 150 jobs.

Ambition can come at a cost, and it is invariably the woman in the workplace who pays the price.

Nokia India can ill-afford to bask in the glory of being the biggest foreign-owned company in the country. Key to its lasting success is how it helps its parent make an ambitious transition into services.

Prime Minister Manmohan Singh can harvest several low-hanging fruits in his second term— most of them in the first three months.

Satyam’s auditors and independent directors failed to catch on to Raju’s scam. Auditors Pavan Kumar Vijay and R. Ramakrishnan, working with BT, show how dodgy numbers were ignored all along. Puja Mehra reports.  'There is some connivance in Satyam fraud' Satyam fraud shameful: Prem Chand Gupta  The great Satyam robberyHow funds are siphonedThe maze that is MaytasLiving on the (pl)edgeConfessions of auditorsAudit: Elusive independence'With XBRL, you can’t hide'When your boss does you inStruck by scams, stuck with stockFooling the shareholdersRipple effect

Despite staring at bankruptcy in the US, General Motors is pushing ahead with expansion plans in India.