While Phase-I of the power project is operating with limited gas supplies, Phase II and III are not producing any power due to lack of gas supplies.

Back in February, when the Reserve Bank of India introduced its revised framework for resolution of stressed assets, the banking sector and beleaguered companies alike were left shaking.

He said he would leave the office within the next two months by early September, even though his contractual term was co-terminus with the government.

The power ministry has increased renewable purchase obligation target from 17% to 22% by 2022; the government may freeze its plan to sell Air India at least until the General Elections in 2019; over 400 employees of Washington Post signed an open letter to Amazon founder and CEO Jeff Bezos demanding fair wages. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

The RITES stock is available at a price band of Rs 180-185 per share. The IPO closes on June 22.

The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden Air India failed to attract any bidder.

Patanjali was to submit its revised bid under the Swiss Challenge system by June 16. But it has not yet submitted improved bid to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.

According to Jaitley, the 7.7 per cent economic growth in the fourth quarter of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is \"likely to continue for the next few years\".

NCLT's only success stories so far have seen banks taking a significant hair-cut and settling for recovery of Rs 50,000 crore.

Patanjali had the chance to match the offer by June 16 under the Swiss Challenge method. But reports suggest that Patanjali has not revised its offer of Rs 5,700 crore, therefore paving way for Adani Wilmar to takeover Ruchi Soya.

Mutual Fund Industry's AUM (Asset Under Management) has grown from Rs 7.01 trillion as on 31st March, 2013 to Rs 23.26 trillion as on 30th April 2018. That's more than three-fold increase in a span of 5 years! The total number of accounts, or folios as per mutual fund parlance, as on April 30, 2018 stood at Rs 7.22 crore, while the number of folios under Equity, ELSS and Balanced schemes - where the maximum investment is from retail segment - has crossed a landmark of Rs 6 crore and stood at Rs 6.03 crore, according to data released by Association of mutual funds of India (AMFI).

According to latest data available with depositories, FPIs withdrew a net sum of Rs 831 crore from equities and a net amount of Rs 4,683 crore from debt markets during June 1-15, resulting in a total outflow of Rs 5,514 crore.

Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their prices which have gone up following a spike in crude prices in the international market.

This comes following a net outflow of over Rs 45,000 crore from capital markets (equity and debt) in the last two months. Prior to that, foreign portfolio investors had pumped in Rs 2,600 crore in March.

The court's assessment of costs is a separate process, which ends with another court hearing before a specialist costs judge in the UK. But in the meantime, Mallya must pay 200,000 pounds towards this legal costs liability.

Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.

JAL has pleaded in the apex court that it wants to revive the debt-ridden subsidiary Jaypee Infra, which will also be in the interest of homebuyers.

The government officials believe many of the PSUs are performing well, and diluting the stake can't be the only solution to improve their efficiency, and that slashing shareholding to raise revenue could help the government without even reducing the stake.

In the past one year while competition has grown in strength, the Patanjali growth story has crumbled like a pack of cards.

At 1:43 pm, the stock was trading 0.40% higher at 1,011 level.  The stock which opened at 1007.50 level on the BSE rose to its all-time high of 1023.50 on BSE.  The stock has been gaining for the last four days and has risen 3.72% during the period. The stock is up nearly 11% since the beginning of this year and has risen 47.11% during the last one year.