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Jaypee Infra: Supreme Court orders status quo for 2 weeks

The Supreme Court on Friday restrained the committee of creditors of Jaypee Infratech (JIL) from inviting fresh bids for the debt-laden real estate firm for two weeks.

Industry News

Terrible Thursday: Markets crash on more bad news

Poor corporate earnings, anaemic macro data, evidence of weakening consumer demand and a less than dovish statement from the US Fed sent stocks tumbling further on Thursday.

Markets News

Relief for Jaiprakash Associates: NCLAT says company need not return land to Jaypee Industries

The NCLAT on Thursday set aside a NCLT Allahabad bench order that directed Jaiprakash Associates (JAL) to return 758 acres of land, which was pledged with several banks, to its bankrupt subsidiary Jay

Industry News

Wholesale car sales crash to two-decade low; companies see no green shoots

Two-wheeler players despatch 15% less stock; CV despatches lower by 20% y-o-y.

Industry News

GST mop-up below par in July too, ask rate goes up to Rs 1.19 lakh crore

The overall goods and services tax (GST) collections in July came in at Rs 1.02 lakh crore, a bit higher than Rs 99,939 crore collected in June, but significantly lower than Rs 1.13 lakh crore garnere

Economy News

April-June earnings: Bharti Airtel slips into red for the first time, posts Rs 2,866 crore loss

Mobile revenue at Rs 10,867 crore slips below Reliance Jio’s but beats it on Arpu at Rs 129.

Industry News

No relief for Jet Airways employees, lenders reluctant to release funds

Employees of grounded carrier Jet Airways are unlikely to get their dues — salaries and other emoluments — amounting to Rs 93 crore, anytime soon after lenders on Thursday expressed their inabilit

Industry News

Invesco Oppenheimer buys 11 pct in Zee for Rs 4,224 crore

Money will help promoters repay a part of their debts of around Rs 11,000 crore.

Industry News

Zee Enterprises plan to repay all debt by September

Zee Enterprises MD & CEO Punit Goenka tells FE’s Malini Bhupta that if the need arises he is open to selling some more stake, but does not want a repeat of Black Friday.

Industry News

CCD to probe VG Siddhartha’s off-record transactions

The management will investigate the transactions mentioned by Siddhartha in his letter, although it was unclear whether these relate to the company or his personal finances.

Industry News

Government revenues: Q1 data raises fears of huge slippage

The Centre's net tax receipts (NTR) in Q1 were just 14.7% of the FY20 target (BE), with annual growth of a mere 6%.

Economy News

Cafe Coffee Day term loans put on watch by Icra

Rating agency Icra on Tuesday placed Rs 315 crore worth of term loans of Coffee Day Enterprises (CDEL) on watch with negative implications.

Industry News

CSR Violations: India Inc feels jail term too harsh, mandatory spend akin to impost

Corporate India, still to be unburdened from a much higher incidence of taxes and levies compared to what their peers in competing economies are subjected to, has been dealt another blow.

Industry News

Former RBI deputy governor Subir Gokarn passes away, tributes pour in for ‘fine human being’

Finance minister Nirmala Sitharaman recalled “his intellect and articulation of India’s concerns at the IMF”.

India News

Cafe Coffee Day founder missing: VG Siddhartha’s letter talks of pressures for PE partner, other lenders

India’s biggest coffee chain founder VG Siddhartha was reported missing since Monday night en route to Mangaluru city in Karnataka, with an alleged letter by him showing he was under “tremendous p

Industry News

Cafe Coffee Day founder VG Siddhartha built a great brand, was a people’s man

Café Coffee Day is one of the few brands to have withstood the competition — foreign and local — and survived.

Industry News

Cafe Coffee Day board meets, reviews letter

The Cafe Coffee Day (CCD) board held an emergency meeting on Tuesday after it learnt founder VG Siddhartha was missing and reviewed a copy of the letter purportedly signed by him dated July 27, 2019.

Industry News

Bharti Airtel, Vodafone Idea, other telcos may have to pay Rs 92,000 cr licence fee dues

The Supreme Court is shortly going to conclude the hearings on a case which is going since 2006 relating to the definition of adjusted gross revenue (AGR) and pronounce its judgment.

Industry News

CAG raps income-tax department

In a scathing report, the Comptroller and Auditor General (CAG) has panned the assessment process of the income-tax department (ITD), which it said is riddled with persistent and pervasive irregularit

Economy News

GST system prone to input tax credit frauds: CAG

The roll-out of GST has unified the multiple central and state taxes on goods and services to a great extent and made credit for input taxes available through the value chain, but hasn’t simplified

Economy News

Period extended: NCLAT orders fresh bids for Jaypee Infra

The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the corporate insolvency resolution process of Jaypee Infratech (JIL) for another 90 days and called for fresh bids to take over

Industry News

Government to decide on Subhash Chandra Garg’s successor, panel to meet again: Bimal Jalan

FE had reported last week that although the Jalan panel’s report was being edited after recommendations were finalised in its last meeting on July 17, it might seek views of the finance ministry aga

Economy News

Uday scheme: Discoms’ losses rise 89% in FY19

Power min data shows losses last fiscal were Rs 28,369 crore, reversing declining trend in previous two fiscals.

Economy News

Cheaper loans: SBI hints at rate cut as it trims interest on deposits

State Bank of India (SBI) on Monday cut interest rates on bulk and retail term deposits, signalling it could soon make credit cheaper for borrowers.

G-Secs, T-Bills News

Ground realty: Investors in property funds need to wait

Unable to exit from investments, a clutch of real estate funds has been informing investors the tenure of the schemes would be extended by a year.

Industry News

Hyundai Motor India dealers feel squeeze as loan norms tightened

Come October, some dealers of Hyundai Motor India may need to furnish collateral of anywhere between 25% and 50% of the loan amount taken from State Bank of India, depending upon the lender’s intern

Industry News

Q1 results: India Inc under pressure as revenue growth remains sluggish, margins shrink

Managements are cautious and don’t expect an upturn soon

Q1 results, India Inc, India Inc P&L account, Revenue growth, TCS, Reliance Industries, telecom sector, Vodafone Idea, FMCG firm News
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