In two separate suits filed in New York, one by former founder of New Silk Route Rajat Gupta and other by former CFO & compliance officer Rishi Gupta have red-flagged a $4 million transaction allegedly done on late V G Siddhartha's behest to an unknown entity Welland Investments, but there is more ...

The world's largest beverage maker last week announced that it would nearly halve its operating units and lay off 4,000 workers as the business has been severely hit by the COVID-19 pandemic

Coffee Day Enterprises' auditor, Sundaresha & Associates, has resigned citing \"technical issues\"

The coffee chain also reported a decline in average sales per day (ASPD) to 15,445 during the April-June quarter from 15,739 in the corresponding period of the last fiscal

The Kolkata-headquartered QSR start-up through the lockdown has been trying hard to reinvent itself in order to stay afloat during these difficult times

A probe into debt-laden Coffee Day Enterprises Ltd (CDEL) is likely to reveal that at least Rs 2,000 crore ($270 million) is missing from the company's accounts, according to a Bloomberg report; RIL's business has been affected by coronavirus outbreak as well as the crash in crude price. The company has lost Rs 4.4 lakh crore market value over the last three and a half months. But Reliance Industries chairman Mukesh Ambani is taking several measures to counter the effects of the virus on RIL; All the restrictions imposed on the troubled Yes Bank will be lifted at 6 pm today. Customers will be able to access full banking services from March 19. All ATMs are fully stocked and there is no need for panic withdrawals say, officials. Watch this and more on News Blast.Daily News Podcast: India grossly under-tested on coronavirus, say experts

Indian banks to appeal for relief on bad loans amid coronavirus concernsThe coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, as reported by Reuters. The appeal to the Reserve Bank of India (RBI) will be made via the Indian Banks' Association.India grossly under-tested on coronavirus, say expertsThe official nu...

Prepared by former CBI official Ashok Kumar Malhotra, the draft report could give details of how funds worth up to Rs 2,000 crore went missing from Coffee Day Enterprise's accounts 

Ever since Quincey took over reins of company in 2017, he's been talking about going hyper-local, not just by offering local Indian beverages but also by growing Indian agri-ecosystem for next five years

Stocks in the news: ITI Ltd, Biocon Ltd, HDFC Bank, Sagar Cements, Coffee Day, Avenue Supermarts among others are the top stocks to watch out for Tuesday's trading session

The year 2019 was full of developments for India's business and economy. From Nirmala Sitharaman presenting her maiden budget, the dream of a $5 trillion economy, CEO exits to money laundering cases and a Nobel for economics, India's business world saw it all. India's GDP growth slipped to its lowest in six years and the economy went into a slowdown. The Ratan Tata-Cyrus Mistry battle unfolded with Cyrus Mistry getting reinstated. Watch the video for all the business news of the year.Also read: How 350 differently-abled persons bagged jobs in skilled rolesAlso read: Gold vs Sensex: Which gave better returns in last 10 years?

Share Market LIVE : On Thursday, Tata Motors, SBI, YES Bank, Tata Steel, Vedanta were among the top gainers. ONGC, Bharti Airtel, Bharti Infratel, HCl Tech and Infosys were among the top losers.    

While Sharma in his resignation letter cited \"other preoccupations\" as reasons for his inability to continue with the role, reports say it has been done to comply with the RBI norms

Paytm plans to pump in the money on merchant expansion in both online and offline modes as well as to make an aggressive push in the financial services business

These tweets and warnings come after scores of Paytm users registered complaints with the company's cyber cell and the RBI ombudsman over fraudulent claims

The buzz is that the investors include Ant Financial, one of Paytm's earliest backers, and Softbank Group Corp, which had pumped in $1.4 billion last year, the largest fund infusion by a single investor in a desi start-up

Paytm Payments Bank (PPB) also notified a new fixed deposit (FD) scheme which offers customers an interest rate of up to 7.5% on deposits through its partner bank.

Paytm plans to remain private until it builds on its business and takes it to the next level, said Paytm founder and CEO Vijay Shekar Sharma.

In a regulatory filing to the exchanges, the Coffee Day Enterprises said that it had signed definitive agreements with Blackstone Group and Bengaluru-based real estate developer Salarpuria Sattva Group for investment in GV Techparks Private Limited, a wholly-owned subsidiary of Tanglin Development Limited (TDL).

The sale of Global Village Tech park reportedly involves an initial payment of Rs 2,000 crore in the coming weeks while the remaining Rs 700 crore will be paid within the next one year. This is CDEL's first major divestiture in a bid to pare down its Rs 4,970 crore debt.