Indian banks seek bankruptcy order against Vijay Mallya; Citizenship Amendment Bill passed in Rajya Sabha; Greta Thunberg declared as Time magazine's 2019 Person of the Year and more news on News Blast.

Cabinet approves amendments to streamline Insolvency and Bankruptcy CodeThe Union Cabinet has approved certain amendments to the Insolvency and Bankruptcy Code (IBC) during its meeting on Wednesday. The changes in bankruptcy law are meant to help investment in troubled sectors, protect corporate debtors, and to prevent ill-thought-out triggering of bankruptcy proceedings. The amendments also ensure that the foundation of a corporate debtor's business remains safeIndian banks seek ...

Verdict in the case is now expected only in the New Year, when the judge could either dismiss the petition and find in favour of the 63-year-old businessman or adjourn the case until the UB Group chief's latest settlement offer is decided upon by the Indian courts

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Nirav Modi is the second businessman after Vijay Mallya to be declared a fugitive economic offender under the provisions of the new act which came into existence in August last year

The stories of three iconic Indian companies underline how to survive, grow and succeed even in turbulent times

PMC bank scam: The Mumbai police had arrested HDIL directors Rakesh Wadhawan and Sarang Wadhawan on Thursday last week in relation to the PMC Bank fraud. Singh was arrested on Saturday last week.

The visiting officials will study how economic offenders are held in the foreign prisons and recreate similar conditions in Mumbai's Arthur Road Jail

Chidambaram, who was arrested on August 21, is in the CBI custody till Friday and will be produced before the concerned trial court tomorrow on expiry of his remand

Zakir Naik's anti-Malaysian Hindu remarks have sparked row in the country, with its seven states deciding to ban Naik from holding or delivering religious speeches