A Securities and Exchange Board of India (Sebi) probe found that the firms had mobilised funds by issuing securities to more than 50 persons without complying with the public issue norms.

Kingfisher, with an outstanding debt of Rs 9,000 crore, is just one case. The total money stuck in bad loans was a staggering Rs 4 lakh crore at the end of March 2015. The figure was Rs 1 lakh crore just five years ago.

Start-ups are often less influential in representing their interests before relevant authorities, primarily as those are small companies with limited approach in the government and no political connections, linkages or lineages.

The synergy benefits of the Ranbaxy acquisition have begun to reflect in the company's financials, the pharma major's Managing Director Dilip Shanghvi said.

The law firm neither specified any charges against Dr Reddy's nor elaborated what it had found to initiate probe. Meanwhile, the Indian drug maker vehemently denied any misconduct on its part.

The company could lose title at current market price in case of 'adverse' ruling on several winding up petitions filed against Vijay Mallya-led United Breweries Holdings from which it had bought the shares.

Several factors are driving this flourishing trade in bad assets. But the biggest trigger came in November 2013 when RBI Governor Raghuram Rajan, in a strongly worded exhortation, asked the banking system to clean up its act.

State-run lender United Bank of India on Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short-run but hoped the recovery could be possible in the long-run.

Finance Minister Arun Jaitley said the amendments were necessitated as there have been complaints from the corporates about the problems ever since the law was enacted in 2013.

S Kumars is 91.5 per cent owned by retail shareholders, as per the company's shareholding pattern as on December 31, 2014.

Studies have shown that as many as 70% people who get a windfall lose it within a few years. It is, therefore, important to create a regular income stream.

SpiceJet is also taking seven additional planes on lease to meet its flight plans for the summer schedule that started on 29 March, Live Mint reported.

While it is not a bad strategy to invest in corporate FDs to secure some stability in rates, one should be cognisant of the risks involved.

Thursday's drop in the BSE index Sensex is the biggest daily fall for the gauge since the 490.52-point crash on February 9.

Jewellery firms are finding it hard to get credit to import raw material and ship out their wares as banks tighten the screws, worried about defaults in the sector.

The passage of the Coal Bill is essential as it would pave way for auctioning of coal mines cancelled by the Supreme Court recently. Similarly, the Land Acquisition (Amendment) Bill also offers no easy way out.

\"We are easing the environment for doing business,\" the Finance Minister said while justifying the amendments to the Companies Act.

Under Anand Mahindra's leadership, M&M is scaling up its existing businesses and also betting big on new ones.

The bank's plans in the early stages, and there is currently no fundraising process or target size for the fund, the sources cautioned. Goldman Sachs declined to comment.

The list includes BSNL, MTNL, Air India, Hindustan Photofilms and Hindustan Fertilisers Corporation.