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News & Features | Business    See All Updates : 12144

No. of Items: 1119
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Promoters in shock as govt shuts them out

DNMUM401519 | 11/24/2017 | Author :Edit | WC:185

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, which received president’s nod on Thursday, has literally shut out many promoters who are trying to win over their debt-ridden companies tha

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Bharti clan pledges `7K cr for charity

DNMUM401520 | 11/24/2017 | Author :Sumit Moitra | WC:372

Kolkata: Corporate philanthropy is fast becoming popular among India’s large business houses.Following Infosys chairman Nandan Nilekani and his wife’s decision to pledge half of their wealth to ch

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Goods in transit haunt traders again

DNMUM401521 | 11/24/2017 | Author :Praveena Sharma | WC:600

New Delhi: The recent goods and services tax (GST) rate cuts may have sent a cheer among businesses. However, the absence of a mechanism for compensating the hit they will take on goods or services wh

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Ricoh India parent to recover bad loans

DNMUM401522 | 11/24/2017 | Author :Sumit Moitra | WC:430

Kolkata: Ricoh Co of Japan is set to recover about Rs 1,345 crore of loans taken by Ricoh India, the tainted local subsidiary of Japanese digital imaging equipment maker, which has now turned bad.

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NCLT: No voting rights for banks with 2% stake

DNMUM401523 | 11/24/2017 | Author :Manju AB | WC:436

Mumbai: In a judgement that may have far reaching impact on lenders who have converted their debt into equity, the Hyderabad bench of the National Company Law Tribunal (NCLT) has ruled that any party,

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‘Haircut’s fine, but not bald’

DNMUM401524 | 11/24/2017 | Author :DNA Money Correspondent | WC:416

Mumbai: After President Ram Nath Kovind gave his nod for the Ordinance to amend the Insolvency and Bankruptcy Code (IBC), Rajnish Kumar, chairman State Bank of India, said the bank is prepared for a h

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