The company said that the debt restructuring was necessitated due to the disruptions caused by COVID-19 which led to cash flow not being able to bear the debt burden

Officials from the central bank, People's Bank of China (PBOC), and financial regulator China Banking and Insurance Regulatory Commission (CBIRC) held talks between January and March with Ma and Ant separately, where the possibility of the tycoon's exit from the company was discussed

Credit Suisse's asset management unit last month was forced to shut $10 billion of supply chain finance funds that invested in bonds issued by Greensill after the British firm lost credit insurance coverage shortly before filing for insolvency

Cupertino giant Apple on Thursday, April 15, announced a first-of-its-kind carbon removal initiative called 'Restore Fund'; The Centre has given its nod to Mumbai-based Haffkine Institute to manufacture Bharat Biotech's COVID-19 vaccine Covaxin; The Arvind Kejriwal-led Delhi government on Thursday announced fresh curbs, including weekend curfew, to tackle the rise in COVID-19 cases in the national capital; Delhi has left country's financial capital Mumbai, which at one point was the largest COVID-19 hotspot in the country, far behind in terms of daily coronavirus cases and is now the worst-affected city in the country. Watch this and more news on News Blast.

Apple announces first-ever $200 million carbon removal initiative Cupertino giant Apple on Thursday, April 15, announced a first-of-its-kind carbon removal initiative called 'Restore Fund'. Under this new initiative investments will be made in forestry projects to remove carbon from the atmosphere. The new initiative is part of Apple's broader goal of becoming carbon neutral across its entire value chain by 2 COVID-19 vaccine: Centre permits Mumbai's Haffkine Institute to produce Covaxin...

Unlike last year, when kirana store owners came to the rescue of consumers, this time around they are battling with the fear of contracting the virus.

Justice Mukta Gupta directed that namaz is to be offered on \"first floor above the basement\" of the mosque, making clear that it has to be \"strictly in accordance\" with the DDMA's April 10 notification and other standard operating protocols

Citi has announced today its intention to exit from its consumer franchises in thirteen markets across the two regions which include India. This means  the oldest foreign banking entity will be exiting its consumer financing operations in the near future

Announcing its first-quarter results, Citigroup said it was closing retail banking operations in 13 countries across Asia, and parts of Europe to concentrate more on wealth management outside the US

The deal sheet did not specify an exact figure but sources said the company was targeting to raise $4 billion from the issue, which would be its second major fundraising deal in a year

Coronavirus in Delhi: COVID-19 has killed 409 people in Delhi in the first 13 days of April, while it had claimed 117 lives in the entire month of March and 57 in February

Kejriwal said journalists are reporting from most adverse situations and they should be treated as frontline workers and allowed vaccination on priority.

How to minimise interest rate, credit and liquidity risks in debt funds

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

Worsening NHAI finances are forcing the government to go back to the build-operate-transfer model for road projects

The Production Linked Incentive Scheme aims to build an Indian manufacturing base across 13 key sectors. What works. What doesn't

Once the leader in SUVs, Mahindra has lost its crown. The company is resetting its gameplan to stay clear of me-too products, replacing them with vehicles intrinsic to its DNA. Can it rise again?

The theory to buy a stock and hold it for long-term and earn 25 per cent return or so does not work, unlike what Buffett and others often advise, says Arora.

Be it Myglamm, Vedix, Juicy Chemistry or Mamaearth, most of these new-age brands are not just digital-first, over 80 per cent of their revenue comes from their own website

Bengaluru-based WeWork India, which provides flexible workspace to corporates and individuals, sold 10,000 desk during the January-March quarter comprising about 7 lakh sq ft office space