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Rukmini Rao
October 9, 2020
In two separate suits filed in New York, one by former founder of New Silk Route Rajat Gupta and other by former CFO & compliance officer Rishi Gupta have red-flagged a $4 million transaction allegedly done on late V G Siddhartha's behest to an unknown entity Welland Investments, but there is more ...

New Delhi, March 18, 2020
Indian banks to appeal for relief on bad loans amid coronavirus concernsThe coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, as reported by Reuters. The appeal to the Reserve Bank of India (RBI) will be made via the Indian Banks' Association.India grossly under-tested on coronavirus, say expertsThe official nu...

New Delhi, March 17, 2020
Prepared by former CBI official Ashok Kumar Malhotra, the draft report could give details of how funds worth up to Rs 2,000 crore went missing from Coffee Day Enterprise's accounts 

New Delhi, December 31, 2019
The year 2019 was full of developments for India's business and economy. From Nirmala Sitharaman presenting her maiden budget, the dream of a $5 trillion economy, CEO exits to money laundering cases and a Nobel for economics, India's business world saw it all. India's GDP growth slipped to its lowest in six years and the economy went into a slowdown. The Ratan Tata-Cyrus Mistry battle unfolded with Cyrus Mistry getting reinstated. Watch the video for all the business news of the year.Also read: How 350 differently-abled persons bagged jobs in skilled rolesAlso read: Gold vs Sensex: Which gave better returns in last 10 years?

New Delhi, December 11, 2019
While Sharma in his resignation letter cited \"other preoccupations\" as reasons for his inability to continue with the role, reports say it has been done to comply with the RBI norms

New Delhi, November 25, 2019
Paytm plans to pump in the money on merchant expansion in both online and offline modes as well as to make an aggressive push in the financial services business

New Delhi, November 21, 2019
These tweets and warnings come after scores of Paytm users registered complaints with the company's cyber cell and the RBI ombudsman over fraudulent claims

October 15, 2019
The buzz is that the investors include Ant Financial, one of Paytm's earliest backers, and Softbank Group Corp, which had pumped in $1.4 billion last year, the largest fund infusion by a single investor in a desi start-up

October 11, 2019
Paytm Payments Bank (PPB) also notified a new fixed deposit (FD) scheme which offers customers an interest rate of up to 7.5% on deposits through its partner bank.

October 7, 2019
Paytm plans to remain private until it builds on its business and takes it to the next level, said Paytm founder and CEO Vijay Shekar Sharma.

September 17, 2019
The sale of Global Village Tech park reportedly involves an initial payment of Rs 2,000 crore in the coming weeks while the remaining Rs 700 crore will be paid within the next one year. This is CDEL's first major divestiture in a bid to pare down its Rs 4,970 crore debt.

September 9, 2019
This development comes less than a month after CDEL, owner of cafe chain Cafe Coffee Day, sold Global Village Tech Park to Blackstone. The company has been trying to divest its assets to pare its debts since the death of its founder, VG Siddhartha.

Chitranjan Kumar
New Delhi, September 4, 2019
According to latest data available with exchange, Edelweiss and Indusind Bank, the lenders to troubled Gonibedu Coffee Estate, invoked entire 5.24 per cent of the CDEL shares, the promoter company had pledged with them

New Delhi, August 26, 2019
Gangaiah Hegde was suffering a head injury and was in coma for some time. His cremation will take place in Chikmagalur district at around 4:30 pm today

Benagluru, August 26, 2019
According to police sources, water was found in Siddhartha's lungs and his death was due to drowning.

New Delhi, August 19, 2019
The Coffee Day Enterprises share has risen for the first time in last three-weeks after the sudden demise of its founder VG Siddhartha; the stock has fallen as much as 68 per cent since July 26, 2019, from Rs 195 to hit an all-time low of Rs 62.95 on August 16

Rukmini Rao
New Delhi, August 17, 2019
Biggest share of the group's loans is with the real estate development subsidiary, Tanglin Developments, which has secured unpaid loans of Rs 1,622 crore

August 15, 2019
The apex body for direct taxes has sought explanation from BR Balakrishnan, who previously served as the principal chief commissioner of Income Tax for Karnataka and Goa and had ordered attachment of Coffee Day Enterprises shares when he was in-charge of the Bengaluru region

Rukmini Rao
August 14, 2019
The closure of the transaction will be subject to Blackstone completing due diligence, documentation and receiving regulatory approvals. The company expects the formalities to complete in the next 30-45 days

New Delhi, August 14, 2019
CDEL, the holding company of Coffee Day group firms, said in a stock-exchange filing that it has entered into a non-binding agreement with New York-based private equity giant Blackstone to disinvest its Global Village Tech Park in Bengaluru

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