Abhishek Singh, Director, Manpasand Beverages, in an interview with Business Today, has said that the allegations made against his company are 'baseless'.

Even if Manpasand's promoters get a clean chit, it will be difficult to revive trust in their brand

Though the Manpasand scam came to light only this year, Mumbai-based 2Point2 Capital had raised a red flag about the company way back in 2016

The Ford-Mahindra deal is valued at Rs 1,925 crore; both companies have transferred a debt of Rs 636 crore in the JV, besides contributing an equity of Rs 1,289 crore

Manpasand Beverages also informed the exchange that its three directors - Bipin Rathod, Uday Kamath and Jitendra Dhivare - have resigned with immediate effect

 Market Wrap: Sensex gains 234 pts to reclaim 39K, Nifty holds 11650; Realty shares rallyDomestic equity benchmarks closed higher today with Nifty ending above 11,660 and Sensex reclaiming 39,000 after six trading sessions. BSE Sensex and NSE Nifty traded broadly higher throughout the day today, led by gains in Realty and Energy stocks.The 30-share index BSE Sensex ended 234 points higher at 39,131 on Tuesday and the broader index Nifty50 closed at 11,661, registering a gain ...

Domestic equity benchmarks closed higher today with Nifty ending above 11,660 and Sensex reclaiming 39,000 after six trading sessions. BSE Sensex and NSE Nifty traded broadly higher throughout the day today, led by gains in Realty and Energy stocks.

Share price of Manpasand Beverages hit lower circuit of 5% on Wednesday after auditor Mehra Goel and Co. Chartered Accountants resigned amid the ongoing investigation in the GST fraud case.

The Modi government has taken a big leap forward to transform the corporate governance arena. India will suddenly take global corporate governance leadership when it comes to vetting and certifying the knowledge of its board members.

The corporate literacy exam will be an online evaluation test comprising the basics of Indian company law, ethics, and capital market norms amongst other topics to be conducted by the Corporate Affairs ministry under the Modi government.

SBI has also restructured 200 SME and house building loans, he said adding SBI proposes to provide loans to 500 fishermen for purchasing boats and nets

According to a recently published NRAI India Food Service Report 2019, out of a total of 24.9 lakh food business operators in the country, only 4.67 lakh have FSSAI licence

The company said that Singh is \"accessing the recent developments and situation\" and is \"currently in talks with Ernst & Young to advise and the guide the company on the above matters\".

Share Market Update: All the sectoral indices closed on the red, with major declines seen in PSU Bank, which was down by almost 5.20 % and PVT bank down at 2%, followed by other major indices like Pharma, Realty, Media and Metal, each declining over 1%. 

Uber Thursday said it has partnered Indian Oil Corporation Ltd (IOCL) to offer special benefits, including discount on fuel, to the ride-hailing company's driver-partners in India.

Continuing its losing spree, Manpasand Beverages stock Thursday fell nearly 10 per cent, taking its overall four-day loss to 48 per cent after some of the company's officials were taken under judicial custody following a search by the Commissioner of Central GST and Customs.

Investors have been pressing the sell button on Manpasand Beverages after the CGST and Customs arrested the company's MD Abhishek Singh and CFO Paresh Thakkar on allegation of creating fake company units and committing tax invasion