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BusinessToday.In
New Delhi, July 18, 2019
Bill Gates no longer 2nd richest person in the world, Jeff Bezos remains on top; Cabinet approves amendments to bankruptcy law, allows 330 days for resolution; Netflix plans to launch cheaper mobile-only plan in India; and more on News Blast.


BusinessToday.In
New Delhi, July 18, 2019
Allahabad Bank hit by fraud of Rs 688 crore by SEL ManufacturingState-owned Allahabad Bank said it has been hit by a fraud of Rs 688.27 crore by SEL Manufacturing and the matter is before the National Company Law Tribunal.Last week, the Kolkata-headquartered lender had disclosed to the RBI about a fraud of Rs 1,774.82 crore by Bhushan Steel and Power Ltd., alleging diversion of funds from banking system by the company.Bill Gates no longer 2nd richest person in world; Jeff Bezos rema...


PTI
July 17, 2019



Sonal Khetarpal
July 17, 2019
With the pressure of speed and scale, start-ups that are building for international markets / customers cannot afford to be held back by Indian regulations. We don't see this trend reversing any time soon


BusinessToday.In
New Delhi, July 17, 2019
The Union Cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC) to adhere to strict timelines and maximise the value of insolvent company from the resolution plan


PTI
July 17, 2019



BusinessToday.In
New Delhi, July 17, 2019
Jet Airways crisis: Over 20,000 employees of Jet Airways are facing an unprecedented crisis since they have not been paid their salaries and wages since January


BusinessToday.In
New Delhi, July 17, 2019
Lenders plan to call bids for Jet Airways' asset sale by July 20The lenders to the bankrupt Jet Airways, who met here Tuesday for the first time since the carrier was sent to the NCLT, are understood to have decided to call for expressions of interest to sell the meager assets of the airline by Saturday. The insolvency resolution professional for the airline Ashish Chhawchharia and the lenders led by State Bank will be laying down the bidding criteria, a source told PTI.Mukesh Amb...


PTI
Mumbai, July 17, 2019
The airline's meager assets include 14 aircraft including 10 Boeing planes--down from 124 before the grounding--and 49 percent stake in Jet Privilege and a few buildings.


Nevin John
July 16, 2019
In March, with a dramatic intervention, Mukesh Ambani saved his younger brother from imprisonment by paying the dues of Rs 580 crore owed by Anil's firm to the Swedish telecom equipment maker Ericsson


BusinessToday.In
July 16, 2019
In a regulatory filing during market hours on Monday, Mumbai-based DHFL stated that the company has withstood intense pressure and continues to remain strong and solvent, while the sectoral stress continued for months.


BusinessToday.In
New Delhi, July 16, 2019
Deloitte Haskins and Chaturvedi & Shah have sought more information from the company on its financials under Section 143 of the Companies Act, 2013


Dipak Mondal
New Delhi, July 15, 2019
Mahindra Mutual Fund MD Ashutosh Bishnoi says the recent defaults in the corporate sector could have been averted had fund managers looked at balance sheet numbers and not gotten swayed by the big names


Reuters
New Delhi, July 15, 2019
According to DHFL, the property finance firm has cleared significant amount of obligation to the tune of Rs 418 billion since September 2018


PB Jayakumar
New Delhi, July 15, 2019
With over Rs 11,000 crore debt and an impending $172 million FCCB payout next month, Suzlon is negotiating with lenders and potential investors


BusinessToday.In
July 15, 2019
DHFL share price fell 30% to 48.15 on BSE amid intense selling pressure. There were only sellers but no buyers for the stock.


Aseem Thapliyal
July 15, 2019
DHFL share price hit lower circuit of 9.93% to 61.65 in early trade today valuing his holding at Rs 61.65 crore. Total value of his stake at the end of March quarter stood at Rs 150.5 crore.


BusinessToday.In
New Delhi, July 12, 2019
In an exchange filing, Parag Milk Foods said ICRA has assigned an upgraded credit rating for Rs 390.04 crore Line of Credit (LOC) availed by the company


BusinessToday.In
New Delhi, July 12, 2019
IndusInd Bank Q1 results: The provisions and contingencies of the bank rose to Rs 430.62 crore from Rs 350 crore in the year ago period, while it declined sharply from Rs 1,560.69 crore on a quarterly basis


BusinessToday.In
New Delhi, July 12, 2019
Once the Su-30MKI and the Rafale start operating together, it will be a potent combination against our adversaries, be it Pakistan or anybody else, said Air Force Vice-Chief Air Marshal RKS Bhadauria


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