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

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

Coffee Day Enterprises said that it has repaid around Rs 4,000 crore to the lenders since the beginning of this financial year

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 

RBI's five-page draft scheme clearly says that SBI expressed willingness to invest in YES Bank; this is probably first time that the state-owned lender, with Rs 34 lakh crore assets size, came forward to bail out a new generation private bank

Today, Sensex has made a low of 37,011.09, erasing 1,459 points against its previous close of 38,470 and Nifty fell to 10,827.40, declining 441 points from 11,269, its close of Thursday. 

Yes Bank crisis: Governor Das' comments come after RBI imposed restrictions on Yes Bank for a month. Yes Bank depositors can only withdraw Rs 50,000 in that period

YES Bank news: IL&FS, Dewan Housing, Jet Airways, Cox & Kings, CG Power, Cafe Coffee Day, Altico - name a bane of Indian financial services sector and YES Bank was as a key lender

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

Consolidated revenue from operations during the second quarter stood at Rs 843.16 crore as compared to Rs 979.73 crore in the same period last fiscal, Coffee Day Enterprises told the bourses

Share Market Update: BSE Sensex climbed to the intraday as well as its lifetime high of 41,994.26 and Nifty breached earlier 12,337 level to hit 12,374.25 as its fresh all-time high.

 Stocks to watch today January 14: Wipro, Mindtree, Bandhan Bank, IndusInd Bank, Aster DM Healthcare, IRCTC 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?

Coffee Day Enterprises Ltd has reportedly signed non-disclosure agreements with private equity firms KKR, TPG Capital and Bain Capital for initiating discussions on a significant stake sale

Yes Bank may either go for the two-week average or a six month average while deciding on the price for the share sale, chief executive Ravneet Gill said

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.

This development comes less than a month after CDEL, owner of cafe chain Cafe Coffee Day, sold Global Village Tech Park to Blackstone. The company has been trying to divest its assets to pare its debts since the death of its founder, VG Siddhartha.