Care Ratings has downgraded Patanjali's long-term bank facilities to A- from A+. The agency has also placed the ratings on \"Credit Watch with Negative Implications\"

Experts say the GST rollout two years agoand a significant shift by large companies towards herbal products have led to a downfall in the Patanjali products' sale

Jack Ma to step down as Alibaba chairman on September 10Jack Ma, the Co-founder of the Chinese retail behemoth Alibaba, is officially stepping down as company chairman on September 10 -- the day the charismatic entrepreneur turns 55. As part of his post-retirement plan, the former English teacher-turned-businessman plans to spend a good amount of his vast fortunes (worth over $41 billion) on his first love -- education. Ma is leaving his multi-billion dollar e-commerce conglomer...

The amount will be infused in a special purpose vehicle 'Patanjali Consortium Adhigrahan Pvt Ltd', which will be later amalgamated with Ruchi Soya

Yoga guru Ramdev's close aide Balkrishna was on Friday admitted to the All India Institute of Medical Sciences here after he complained of chest pain and giddiness

PMO wants FinMin to reassess the idea of issuing overseas sovereign bonds, Ramdev's Patanjali gets control of Ruchi Soya after NCLT approves Rs 4,350 crore bid, Snapdeal delivers 'fake' products; company founders Kunal Bahl and Rohit Bansal booked and other news on News Blast.

Out of Rs 4,350 crore, a sum of Rs 4,235 crore will go into paying different classes of creditors, and the remaining Rs 115 crore will be used for improvising operations of Ruchi Soya

Ruchi Soya owes over Rs 9,345 crore to financial creditors led by State Bank of India, which has an exposure of Rs 1,800 crore, followed by Central Bank at Rs 816 crore, Punjab National Bank at Rs 743 crore and StanChart at Rs 608 crore and DBS at Rs 243 crore

The 400-acre land was reserved by former Chief Minister and Congress leader Vilasrao Deshmukh, who also held the Heavy Industries portfolio in the Centre, for BHEL.

US President Donald Trump says 50 per cent import tariff on US motorcycles by India unacceptable, Patanjali's global ambitions thwarted as sales plunge for 2 years, Govt seeks to ban Deloitte, KPMG arm, and more news on News Blast.

Govt defends GDP numbers after ex-CEA Arvind Subramanian alleges overestimationGovernment has debunked claims by former Chief Economic Advisor Arvind Subramanian that India's GDP growth estimate has been exaggerated by 2.5 per cent. The Ministry of Statistics and Policy Implementation argued that due procedure has been followed in calculating the GDP estimates. In his recent research paper published at Harvard University, Subramanian had pegged actual GDP growth of India at around...

Patanjali's sales plunged 10% to Rs 8,100 crore in FY18, and in the last fiscal year, it likely deteriorated further, say analysts

Patanjali is looking to raise debt with a maturity of five years and above from State Bank of India, Punjab National Bank, Bank of Baroda, Union Bank and Jammu & Kashmir Bank to fund its Rs 4,325 crore acquisition of Ruchi Soya. It hopes to generate Rs 600 crore through internal accruals.

Lok Sabha Elections 2019: Modi is likely to be sworn-in as the Prime Minister on May 30. As per reports, Union Home Secretary Rajiv Gauba may be appointed as next Cabinet Secretary.

SpiceJet to induct Boeing 737, taking fleet size to 100 aircraft, Jaypee Infra's creditors' meet on May 30 to discuss NBCC bid, and more on News Blast.

Switzerland steps up to share banking info; 11 Indians get notices in a dayAs Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen such individuals last week itself. At least 11 such notices were issued to Indian nationals on May 21 itse...

PM Modi in Varanasi: The Prime Minister is scheduled visited the Kashi Vishwanath Temple and offered his prayers on Monday morning.