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RBI Feb 12 circular: IBA wants one-day default rule scrapped — here’s why

Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least

Banking & Finance News

Lok Sabha election 2019: First phase sees high voter turnout, sporadic violence

Complaints of EVM malfunctioning in some states; cross-complaints in Bengal; two hacked to death in Andhra Pradesh.

Elections News

Lok Sabha election phase 1: In Baramulla, a break from violence as 32% cast their votes

UNLIKE elections in the past, the atmosphere remained peaceful in Baramulla, with no incidents of stone-pelting or protests, and a voter turnout of 32.41% till 5 pm.

Elections News

Crash landing: Jet Airways cancels all international flights

JV partner Etihad has reportedly put in a bid for increasing its stake from 24% to 49%.

Industry News

Singh brothers plead not guilty of violating any Supreme Court orders

The brothers have not submitted the plan as desired by the SC so far.

Industry News

Airbnb checks into OYO with $75-million investment

The investment brings to an end OYO’s nearly $1.1-billion Series E funding round that also earlier saw participation from Softbank Vision Fund, China’s Didi Chuxing and Singapore’s Grab.

Industry News

Indian wine looks for stronger presence in global market

The move could not only catalyse formalisation of the sector but could dramatically increase Indian wines’ access to various export markets.

Industry News

Jet Airways crisis: Lenders look to speed up Jet Privilege sale to Etihad

Four wide-bodied aircraft owned by the cash-strapped Jet Airways also likely to be sold.

Industry News

SBI Caps extends bidding deadline for Jet Airways stake sale

Bidders now have until April 12 to put in their bids and till April 16 to submit hard copies of their EoIs.

Industry News

Jaitley on I-T raids: Revenue dept acting on merit, no political vendetta

Stating that the argument that the agencies are targeting only rival political entities doesn’t hold water, the minister wrote in a Facebook blog that there is no ‘Right to Equality’ which says

India News

Rafale case: SC to review its judgement, rely on 3 ‘privileged’ documents

To rely on three documents that have come into public domain since Dec ruling; decision setback for govt.

India News

PNGRB scanning EWPL records after reports of laundering of $1.2 billion

East West Pipeline, previously known as Reliance Gas Transportation Infrastructure, is owned by billionaire Mukesh Ambani.

Industry News

Lok Sabha election: BJP’s IT warrior who manages 1,114 WhatsApp groups in Cooch Behar

For the BJP, this 36-year-old “IT yoddha (warrior)” is a key player in Cooch Behar, which votes in the first phase of the Lok Sabha elections on Thursday.

Elections News

Lok Sabha election 2019: PM Modi’s alliance to win slim majority, indicates survey

Most of the polling agencies that released surveys in the last four days said Modi got a boost from the recent tension with Pakistan after a militant group based there killed 40 Indian paramilitary tr

modi interview, modi interview live, lok sabha chunav, lok sabha election News

Essar Steel within Lakshmi Mittal’s grasp; NCLAT tells ArcelorMittal to keep Rs 42,000 crore ready

NCLAT hinted that it might ask ArcelorMittal to deposit the money with an escrow account of either the insolvency court (NCLT) or the appellate tribunal itself in the next hearing, scheduled on April

NCLAT gives conditional approval to ArcelorMittal's resolution plan for Essar Steel News

Jet Airways pilots serve legal notice to airline, ask salary dues to be cleared by April 14

Jet Airways pilots, engineers and senior executives have not been paid for the last three months amid cash crunch in the airline that saw an ownership change last month with banks taking majority shar

Industry News

Income tax dept to EC on raids: We know what impartial means

After the I-T department raided locations in Madhya Pradesh and Delhi on Sunday, EC had written to the former, advising it to be neutral in its conduct. It further said the I-T department should keep

I-T searches 50 locations of people linked to MP CM Kamal Nath News

Lok Sabha elections: Across Odisha, a battle rages over govt schemes

Such is the divide, that on Tuesday, with just a day to go for voting, Patnaik approached the state’s chief electoral officer to lodge a complaint against the Election Commission’s decision to sto

Elections News

I-T finds Rs 12 lakh crore mismatch in ITRs declared in FY 2016

A big reason for not being able to catch such tax evasion is due to the fact that the government has not, so far, implemented the invoice-matching feature of GST.

Economy News

BJP manifesto: From 5 trillion economy to lower tax rates, here are five key promises

While it resisted announcement of populist measures, the manifesto did detail steps to reduce agrarian distress by promising interest-free loan up to Rs 1 lakh and pension for small and marginal farme

Elections News

Jet Airways sale: Lenders ease terms to attract buyers

Currently, lenders have with them 31.2% of the equity capital of the airline; these shares were pledged with them by promoter Naresh Goyal.

Industry News

Vijay Mallya loses yet another round, moves closer to extradition

If the UK High Court turns down Mallya’s oral application and approves his extradition, Mallya can make a representation to the UK Home Secretary to prevent extradition on the grounds of human right

India News

Anil Ambani-led RCom may get Rs 578 crore refund from Ericsson

On May 16, 2018, the National Company Law Tribunal’s Mumbai bench had admitted Ericsson’s insolvency plea against RCom and two of its arms seeking to recover unpaid dues. However, on May 30, NCLAT

Industry News

Jet Airways revival plan: Lenders invite bids for stake sale in airline

Under the debt resolution plan approved by the Jet Airways board on March 25, lenders have taken a majority stake in the airline and are set to infuse Rs 1,500-crore funds.

Industry News

Don’t let your votes get split: Akhilesh and Mayawati warn voters

Muslims, along with Dalits and a section of Jats in western UP, form the backbone of the gathbandhan’s support in these Lok Sabha elections, which also explains the choice of Deoband as the venue fo

Elections News

Baring Private Equity to acquire 30% in NIIT Tech

The Thadani Family Trust, along with other entities/members of the family, and the Pawar Family Trust along with other entities/members of the family, will be selling an aggregate of 6.94% stake, NIIT

Industry News

Freedom of choice: Open access gets leg-up from states’ solar policies

Open access is the non-discriminatory use of transmission and distribution infrastructure of the licensees by consumers with demand greater than or equal to 1 MW for procuring electricity from the sou

Industry News
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