09 May 2020
Exporters flee country after cheating 6 banks; SBI files complaint
Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.
10 Jan 2020
SC stays NCLAT order reinstating Cyrus Mistry as Tata Chairperson
Weeks after the National Company Law Appellate Tribunal (NCLAT) reinstated Cyrus Mistry as the Executive Chairperson of Tata Group, the Supreme Court stayed the tribunal's order citing "basic errors" in it.
14 Sep 2019
Nirmala Sitharaman announces special funding window for unfinished housing projects
Amid the concerning situation of the country's economy, Finance Minister Nirmala Sitharaman announced a slew of measures on Saturday aimed at boosting growth.
20 Aug 2019
MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud
Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, has been arrested by the Enforcement Directorate in connection with a Rs. 354 crore bank fraud case, despite multiple attempts to evade arrest.
26 Dec 2018
After 22 years, McDonald's posts its first-ever profit in India
22 long years after it started its business in India, global fast-food chain McDonald's posted its first-ever profit in the country.
01 Oct 2018
Government takes over debt-ridden financial firm IL&FS after NCLT nod
The National Company Law Tribunal (NCLT) today allowed the Union Government's interim prayer to reconstitute the Board of Infrastructure Leasing & Financial Services Ltd (IL&FS).
05 Sep 2018
Fortis' co-founder Shivinder Singh sues elder brother, snaps business ties
Co-Founder of Fortis Healthcare, Shivinder Mohan Singh filed a lawsuit against his elder brother Malvinder Mohan Singh on Tuesday on grounds of "oppression and mismanagement" in their joint businesses: RHC Holding, Religare and Fortis.
09 Jul 2018
Tata vs Cyrus Mistry: NCLT rules in Tata Sons' favor
In what seems to be a decisive verdict in the Tata Sons-Cyrus Mistry case, the Mumbai bench of the National Company Law Tribunal (NCLT) has ruled in favor of Tata Sons, dismissing Mistry's pleas challenging his removal as the chairman of the group.
12 Jun 2018
Videocon: PM Modi, SC, Brazil responsible for Rs. 39,000cr debt
Videocon Industries Ltd., with its massive Rs 39,000cr debt, is facing bankruptcy proceedings after the National Company Law Tribunal (NCLT) admitted a plea from lenders last week, led by the State Bank of India.
09 Jun 2018
Rs. 30,000cr might be recovered from resolution under IBC: SBI
State Bank of India, the country's largest lender, expects to recover around Rs. 30,000cr from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said.
06 Jun 2018
Know all about the Insolvency and Bankruptcy Code 2016
Insolvency and Bankruptcy Code 2016 is one of the biggest economic reforms adopted by India. It is a rare example of a much-needed law which has witnessed speedy roll-out and implementation.
21 Mar 2018
SC asks Jaypee to deposit Rs. 200cr by May 10
The SC has given Jaypee Associates, parent of debt-ridden Jaypee Infratech, till May 10 to deposit Rs. 200cr.
19 Mar 2018
How this Mumbai-based firm duped lenders of Rs. 4,000cr
Investigators have taken action against businessmen accused of duping over 20 lenders of Rs. 4,000cr, reports TOI.
19 Feb 2018
Debt-ridden Aircel to file for bankruptcy, exit market soon
It looks like Aircel is in deep water as it's soon going to file for bankruptcy at National Company Law Tribunal (NCLT), according to ET.
27 Dec 2017
RCom to exit SDR, reduce debt by Rs. 39,000cr: Ambani
Anil Ambani-owned Reliance Communications has announced it would exit the ongoing Strategic Debt Restructuring (SDR) scheme of its lenders by selling its Rs. 25,000cr-worth telecom assets, including towers, spectrum and optical fiber by Mar'18.
26 Dec 2017
All about McDonald's and Vikram Bakshi conflict
McDonald's fans in North or East India are in for some sad news.
21 Dec 2017
Mahesh Bhupathi, Lara Dutta take Gitanjali Gems to insolvency
Mahesh Bhupathi and Lara Dutta, brand ambassadors of Gitanjali Gems, have taken the company to insolvency as operational creditors.
08 Dec 2017
NCLT allows Centre to take over realty major Unitech
The National Company Law Tribunal (NCLT) has allowed the Centre to take management control of realty giant Unitech after the Corporate Affairs Ministry moved the bankruptcy court.
28 Nov 2017
More trouble for RCom: China Development Bank files insolvency case
There's more trouble brewing for Anil Ambani's debt-ridden Reliance Communications as China Development Bank (CDB) filed an insolvency case against it.
23 Nov 2017
President approves amendment to Insolvency and Bankruptcy Code
A day after the Cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC), President Ram Nath Kovind has given assent for the law to go into force.
21 Sep 2017
Investors' nod to Tata Sons to become private limited company
Tata Sons shareholders have approved its conversion into a private limited company. It came after NCLAT allowed Cyrus Mistry's family firms to file a case against Tata Sons.
05 Sep 2017
Over 2 lakh companies' bank accounts frozen
The Finance Ministry has imposed restrictions on the operation of bank accounts of more than 2 lakh companies which have been "struck off" from the Register of Companies.
17 Aug 2017
Tata Sons to scrap all deals with Cyrus Mistry's group
Under chairman N Chandrasekaran's directions, the board of Tata Sons has ordered its group companies to scrap all business dealings with Cyrus and Shapoor Mistry's Shapoorji Pallonji Group.
16 Aug 2017
Insolvency plea: Jaypee homebuyers' claim filing guide
IDBI bank has received the nod to start insolvency proceedings against Jaypee Infratech for defaulting on Rs. 526.11 crore loan that it took for its Wishtown project in Noida.
08 Aug 2017
SEBI's conditional nod to Idea-Vodafone merger: What are the terms?
The SEBI has given a conditional nod to the $23bn Idea-Vodafone merger, subject to the outcome of an ongoing probe over allegations that an Idea promoter had bought 0.23% shares in violation of laws.
04 Jul 2017
Court initiates Rs 500 crore criminal defamation proceedings against Mistry
A Mumbai metropolitan court has initiated criminal defamation proceedings against ex-Tata Group chairman Cyrus Mistry, his brother Shapur Mistry and their firms.
20 Jun 2017
Lanco Infratech: First of 12 blacklist companies facing bankruptcy action
Lanco Infratech was touted to be the first company amongst Reserve Bank of India's twelve blacklist companies to face bankruptcy action.
14 Jun 2017
RBI: 12 mega defaulters, accounting for 25% of NPA, identified
The Reserve Bank of India (RBI) said, its internal advisory committee (IAC) has rounded up 12 accounts, responsible for almost 25% of the non-performing assets (NPAs) problem plaguing the banking system.
24 Apr 2017
Tribunal says Mistry makes no case against Tatas
The National Company Law Tribunal stated that petitions filed by shareholders linked to Cyrus Mistry, have made no case against the Tata group.
17 Apr 2017
NCLT quashes Mistry's waiver petition
Cyrus Mistry's petition that alleged mismanagement and oppression of minority shareholder interests suffered badly as the National Company Law Tribunal declined to grant "waiver to Cyrus Mistry's family firms on the minimum shareholding requirement to petition" against Tata Sons.
20 Mar 2017
Idea Vodafone merger: A deal of necessity rather than luxury
Idea cellular board has finally agreed a merger with Vodafone.
28 Feb 2017
Tatas can force Mistry family to sell stake
By passing a special resolution, Tata Sons Ltd may ask the Mistry family firms to exit the shareholders' group after 50 years of association.
06 Feb 2017
Tata Sons' shareholders vote out Cyrus Mistry from board
On Monday, the shareholders of Tata Sons Ltd., controlled by Tata Trusts and Tata Companies, together voted to oust Cyrus Mistry as a director in an extraordinary general meeting (EGM).
19 Jan 2017
National Company Law Tribunal rejects Mistry's plea
The National Company Law Tribunal has dismissed pleas by 2 companies owned by the Mistry family which alleged violations of NCLT directives in removing Mistry from Tata Sons' board.
12 Jan 2017
Natarajan Chandrasekaran appointed as new Tata Sons chairman
N.Chandrasekaran, the CEO and managing director of TCS has been appointed the new chairman of Tata Sons. He took over as TCS CEO in 2009.
19 Dec 2016
Cyrus Mistry resigns from all listed Tata Companies
In a key development, Cyrus Mistry has resigned from six Tata Group Companies.