SsangYong had defaulted on a loan payment worth 165 billion won (US$148 million) on December 21, 2020, following which it applied for court receivership. However, the company was given three months to secure funds after saying it was in talks with US-based HAAH

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

The overhaul comes two days after e-commerce giant Alibaba Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as China tightens controls on the \"platform economy\"

Private equity and overseas companies are taking over domestic healthcare chains, creating a new pecking order

The government had imposed a lockdown to curb the spread of the pandemic but this impacted economic and commercial activities and resulted in job loss and later on the exodus of migrant workers which rocked the entire nation

Nokia expects the restructuring to lower the its cost base by about 600 million euros by the end of 2023. Half of the savings are expected to be realised in 2021

Rajan also cautioned against a second wave of coronavirus cases and called for increasing the pace of vaccination.

The rules, the first of their kind released publicly by the financial technology giant, comes some four months after China suspended the group's $37 billion plan for a share listing in both Shanghai and Hong Kong

The layoffs are part of JLR's global strategy to shed about 2,000 non-manufacturing jobs by next fiscal. It had also reduced its global headcount by 1,000 in 2018 and another 4,500 in 2019

But Future group says Amazon failed to provide any help to debt-laden company that suffered a massive setback during COVID-induced lockdown. Amazon, on the other hand, says there were ongoing discussions on multiple options with partners and with the promoters of Future

Five-year-old Bandhan Bank has expanded its loan book across housing, personal and gold loans in under-served and unbanked geographies

Ford and Mahindra had proposed a joint venture to develop at least three sports-utility vehicles (SUVs) for India and emerging markets, as well as share suppliers, powertrains, and technology

Why Shapoorji Pallonji Group, with exposure to worst-hit sectors such as construction, real estate and infrastructure, is exploring options to deleverage

Future may face liquidation if the deal, already mired in legal wrangling, falls through and banks are actively discussing an alternate one-time restructuring option

Stock Market News Updates Today: Tata Motors, L&T , Infosys, Airtel, SBI, ONGC, ITC, Nestle were among the top losers today while HUL, Titan, M&M, TCS, Bajaj Finance, HDFC traded among the top gainers.

The government has no plan to close down loss-making public sector telecom firms BSNL and MTNL, Minister of State for Telecom Sanjay Dhotre told Lok Sabha on Wednesday

Sensex and Nifty hit fresh lifetime highs of 50,678 and 14,913 during today's session

Jack Ma's Ant Group has reached a deal with Chinese regulators on restructuring plan and it is expected to be announced officially before the start of China's Lunar New Year holiday next week

Budget 2021: The Reserve Bank of India, in a recent report on upcoming banking trends in the country, had pointed out the sector is set for an asset quality shock

Budget 2021: Considered to be the lifeline of the country, Railways saw several firsts in 2020 such as passenger operations coming to a halt due to coronavirus pandemic, management restructuring, and kick-starting the process of privatising passenger trains among others