Air India is on the brink of defaulting on bank loan repayments, so the aviation ministry has sought Rs 500 crore from the finance ministry on an urgent basis.

Analysts suggest the government's decision to reject fund infusion proposal could have stemmed from the fact that another bailout package might not play in favour of the present government in the upcoming Lok Sabha elections in 2019.

How Malvinder and Shivinder Singh blew Rs 22,500 crore in less than a decade and lost control over Fortis Healthcare and Religare Enterprises.

The Life Insurance Corporation is in the process of buying 51 per cent stake in the debt-stressed IDBI Bank. The Union Cabinet gave its approval to the proposal on August 1.

Jet Airways, however, claimed that its account with SBI and all other banks is \"standard\" and it has not defaulted on any of its payment obligations.

The government last month was forced to shelve its plan to sell a majority stake in the beleaguered airline due to lack of interest from bidders, in the latest setback in its efforts to rescue the loss-making carrier that has been kept afloat for years using taxpayer funds.

Just two months back, SoftBank pumped in $1.4 billion into Paytm - the largest fund infusion by a single investor in a homegrown start-up.

Reliance Nippon AMC recently got listed, while HDFC AMC would be entering the market next week. Let's look at how the HDFC AMC will be valued in the market.

Amid fund crunch, Air India borrowed Rs 6,250 crore from various banks between September last year and January this year for working capital requirements and other needs.

Over the last few years, under the NDA government, construction of national highways has steadily increased. Until May 2014, the construction rate of highways stood at 11.67 km per day.

The much-wooed Fortis Healthcare (FHL) may have selected a suitor at last, but the happily-ever-after bit is still a long way off.

The strong inflow has pushed the asset base of equity mutual funds (MFs) by more than 6 per cent to Rs 8 lakh crore at the end of April from Rs 7.5 lakh crore in the preceding month.

In an exclusive interaction with Business Today, Burman said that they have confidence in the strengths of Fortis.

Without disclosing in detail their vision for Fortis, Dabur's Anand Burman said that they have very explicit plans for the first 30 days, 100 days and 365 days for the company.

It's a big day for Fortis Healthcare Limited (FHL). Having played the belle of the ball over the past few weeks - with its suitors aggressively competing against each other and repeatedly sweetening their bids for the healthcare major - the company is scheduled to pick a winner today.

Just hours after announcing Walmart's acquisition of Flipkart in the biggest e-commerce deal in the history, Walmart President and CEO, Doug McMillon sent out his remarks to Flipkart employees saying that the acquisition was the best decision they have ever made.