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.

The Ministry of Electronics and IT (MeitY) is drafting another letter asking the Facebook-owned platform to design a technology-led solution to trace the origins of incendiary messages.

The tax department is also examining the airline's deal with Godrej Buildcon where Jet is said to have received Rs 1,725 crore as a monetary consideration.

Marking its first expansion outside Asia, OYO founder said it plans to invest 40 million pounds ($53 million) to launch in 10 British cities in the next 18 months.

The debts incurred by IL&FS in the form of bank loans accounted for around 0.5-0.7 per cent of overall banking system loans as on March 31, 2018.

Anil Ambani on Tuesday said there has been a 'creative destruction' of the telecom sector that has resulted in creation of oligopoly which is going towards a duopoly and may be even a monopoly in the future.

This is the first capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company.

Sebi says the mutual fund expenses will be brought down considering economies of scale. The easing of norms for FPIs is in tune with the government policy to attract foreign funds at a time when the rupee is depreciating sharply and the stock markets are on a roller coaster.

Anil Ambani said that the first priority for RCom, which is credited for democratising telecom services through cheaper offers in early 2000s, is to resolve its over Rs 40,000 crore debt.

The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.

The MCA officials claim that out of 33 lakh directors, only 12 lakh had completed the KYC process for free, by the last date of 15 September.

The stock closed 17.04% or 23 points lower on the NSE.  On the BSE, the stock closed 16.03%  or 21 points lower at 113 level. The market capitalisation of the stock fell by Rs 5,727 crore to Rs 30,013 crore on the BSE.

Ola's latest round of funding from the two Chinese investment firms comes when the company is eyeing expansion across India and abroad.

For the start, the homegrown company will provide services around Auckland, Christchurch and Wellington. To build its presence in the country, Ola has roped in Brian Dewil as the country manager for New Zealand.

Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...

For SMBs to be competitive in the national and international arena, they need to have access to new production and management technologies.

The company will sell life, health and general insurance in India where the insurance sector is booming. Its rivals Paytm and Flipkart are already working towards making their presence stronger in the insurance space.

Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 

The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.

The merged entity or amalgamated bank would be India's third largest.