Minority shareholders in ITC drag NCLT against Hotel Leelaventure

Diversified group ITC Ltd has moved the Mumbai Bench of the National Company Law Tribunal (NCLT) against luxury hospitality group Hotel Leelaventure Ltd, alleging oppression and mismanagement. ITC has also filed two... Read more »

ICICI-Videocon Case: ED summons Chanda Kochhar, husband to show assets list

The Enforcement Directorate (ED) has asked former Managing Director (MD) & Chief Executive Officer (CEO) of ICICI Bank Chanda Kochhar on May 3 in connection with the Videocon money laundering case. The... Read more »

Jindal Steel finishes its first-ever rail order ahead of schedule

Jindal Steel and Power Ltd (JSPL) Tuesday said it has completed delivery of its one lakh tonne first-ever rail order, which the firm had bagged from the Indian Railways. Jindal Steel and... Read more »
Petrol and Diesel prices rise for the fourth day in succession

Oil prices extend its gains as US ends waivers on Iran crude

Oil had longer gains after rising to a six-month high Monday as the Trump administration said it will no longer give any country a pass on sanctions barring purchases of Iranian supply. Futures... Read more »

IL&FS to give its wind portfolio to GAIL in first asset sale since crisis

Debt-laden Infrastructure Leasing & Financial Services (IL&FS) April 22 announced that GAIL (India) has emerged as the highest bidder for its seven operating wind power plants. The bidding process to these assets having... Read more »

Blackstone sets to acquire 51% stake in Essel Propack for $460 million

Global buyout major Blackstone Monday has said it would acquire a majority 51 percent stake in the troubled Essel group arm Essel Propack for over USD 460 million or about Rs 3,200... Read more »

#SaveJetAirways: An open letter on WhatsApp spills the beans

At a time when mainline and social media platforms are filled with images, short stories and videos of former and current employees of Jet Airways, we received a WhatsApp message doing the rounds... Read more »

Business Optimism peaks to 6.3% (q-o-q) in Q2 2019 Business Optimism Index

The D&B Business Optimism Index is widely recognised as an indicator, which measures the growth of the business community and serves as a reliable benchmark for investors. The index is arrived at... Read more »

The world needs an Asian Rupee index, says Ranjan Chakravarty

As the global economic axis moves firmly towards Asia, with the vast chunk of global GDP being generated out of the countries of this continent, we find that only a subset: East, North... Read more »

HDFC results: Total income soars 22% from previous corresponding quarter

HDFC Bank has released its financial results for the quarter and financial year ended March 31, 2019. The standalone results have had a paradigm shift with a total income rise of 22.1%... Read more »