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2 mins read
CIRP initiated in cases of DHFL, ABG Shipyard, Bhushan Power & Steel
Corporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and…
2 mins read
Here's how the government’s new debt relief scheme for small business owners will work
Individuals with an annual income of ₹60,000 or less and assets worth up to ₹20,000 are elig…
2 mins read
Jet needs emergency funding of ₹4 billion to stay airborne until a buyer swoops in
Jet’s board of directors met on Tuesday to decide whether Jet should still continue operations …
2 mins read
Creditors take a haircut of 70% in insolvency cases: CareEdge report
The CareEdge report has found that the cumulative recovery rate has been on a downtrend, decreasing…
2 mins read
Loans worth ₹10,09,511 crores written off in last five financial years: Sitharaman
Scheduled commercial banks have written off loans amounting to Rs 10,09,511 crore in the last five …
PTI
4 mins read
Yes Bank placed under moratorium; RBI supersedes board
"The Reserve Bank came to the conclusion that in the absence of a credible revival plan, and in pu…
PTI
1 min read
Acharya Balkrishna appointed Ruchi Soya CMD, Swami Ramdev to be director on new board
New Delhi, Dec 19 () Acharya Balkrishna has been appointed as the chairman and managing director of…
PTI
2 mins read
Wall Street's nightmare stock just filed for bankruptcy
Eventually, in all this chaos, the Vivint deal was called off, as were a number of smaller SunEdiso…
Linette Lopez
3 mins read
Government consumption will continue to 'pandemic-proof' India's demand says RBI
"Going forward, government consumption is expected to continue pandemic-proofing of demand, an…
5 mins read
The big announcements from India's Finance Minister Nirmala Sitharaman
Indian Finance Minister Sitharaman had announced a series of measures to deal with the economic cra…
1 min read
CPPIB commits USD 225 mn to India Resurgence Fund
New Delhi, Dec 18 () Distressed assets buyout platform India Resurgence Fund (IndiaRF) has received…
PTI
4 mins read
India's Finance Minister reveals the final lot of Modi's economic stimulus programme
The fifth tranche of stimulus measures to revive India's economy revealed today. This is part of th…
2 mins read
Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over ₹60,000 crore write-off
DHFL was the first finance company to be referred to NCLT by the RBI using special powers unde…
PTI
5 mins read
Three ways TCS, Infosys and other IT giants in India are trying to cut costs — but it’s not going to increase their profitability
All IT majors in India have listed a few ways — no salary hikes, reduced costs like travel and …
2 mins read
A state-run Indian telecom company is laying off 54,000 employees in an election year
The layoffs won’t happen till after the election and the officials are deferring to the new gove…
2 mins read
Jet Airways raised fraud bills, faked invoices and siphoned off funds, says report
The audit reveals that it did not verify invoices, which led to inflation of bills and fuel expe…
2 mins read
India’s central bank is moving ahead with plans to set up the country’s first public credit registry
The Reserve Bank of India (RBI) has moved a step closer to establishing the country’s first pub…
2 mins read
The Reserve Bank of India just made it a lot easier for the country’s shadow banks to sell off their loans
The restriction was put in place to ensure that the loan was being serviced regularly prior …
2 mins read
India’s securities regulator is forcing rating agencies to comply with stricter assessment norms to prevent a repeat of the IL&FS crisis
In the wake of the collapse of IL&FS, wherein India’s largest infrastructure lender defaulte…
3 mins read
The Stayzilla fiasco is an ugly heads-up of the future of the Indian startup ecosystem
This comes after the dismal news of the company shutting shop, recently to “reboot its operations” …