Business

It is alleged that the company took loans of over Rs 5,000 crore from a consortium led by Andhra Bank, which had turned into non-performing assets.

Kerala Chief Minister Pinarayi Vijayan , who attended the meeting of of state officials and State Level Banker's Committee (SLBC), said the state would approach RBI, seeking extension of the moratorium.

IndiaMART InterMESH is India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017.

The CMS will be accessible on the desktop as well as on mobile devices. The RBI also plans to introduce a dedicated Interactive Voice Response (IVR) system for tracking the status of complaints.

Jet Airways employees have also received a letter stating that the Corporate Insolvency Resolution Process for the airline has commenced with effect from 20 June 2019.

Government was trying to plug leakages in taxes and in this regard e-invoices are gaining importance. Logo is the only vendor having international expertise in e-invoices.

Tata Motors Ltd shares dropped as much as 3% after Moody’s Investors Service downgraded the company’s credit rating by a notch on concerns over financial health of its British subsidiary Jaguar Land Rover.

An 8-member group of state finance ministers could not reach a consensus on whether a uniform tax rate should be imposed on lotteries or the current differential tax rate system be continued.

Last year, Canara Bank had called off move to divest its entire shareholding in housing finance subsidiary Canfin Homes after receiving lower than expected price quotation.

Asset reconstruction companies (ARCs), non-banking financial companies (NBFCs), other banks and financial institutions can submit binding bids till June 26.

The US-China trade war has long troubled the global financial markets. Several analysts have said investors sentiments would be impacted.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 238.64 crore Friday, provisional data showed.

From the 52-week high of Rs 401 hit on 13 June 2018, the Jet Airways stock has plunged 77% considering its last closing price.

At the interbank foreign exchange market, the rupee opened at 69.38 a dollar and advanced to a high of 69.28 during the day. It finally settled at 69.34, up 10 paise against its previous close.

Larsen & Toubro Ltd has so far acquired 28.90 per cent stake in Mindtree and the open offer, if fully subscribed, will take its shareholding in the IT company to about 60 per cent.

Cadbury to launch a healthier variant with 30% lower sugar content than the normal variant. India and UK will be the first two markets to get the new chocolate.