Economy & Nation

The Enforcement Directorate (ED) on Wednesday carried out raids in Mumbai on residences of former directors of fraud-hit Infrastructure Leasing & Financial Services (IL&FS). The top executives whose homes were searched by ED include Rajesh Kotian, Shehzaad Dalal, Manu Kochhar and Mukund...
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The Ministry of Corporate Affairs has told the National Company Law Appellate Tribunal (NCLAT) that a few lenders of the IL&FS Group and its group companies have not released payments to meet the "going concern" status of the companies, which is against the tribunal's directive for release of...
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While the banking sector's non-performing assets (NPAs or bad loans) are receding, the balance sheets of state-run banks, however, continue to remain under stress owing to the longer time taken in debt resolution and higher levels of haircuts on recovery being taken by the...
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India on Wednesday successfully placed into orbit radar imaging earth observation satellite RISAT-2B, the third in the RISAT series -- after RISAT-2 and RISAT-1.   A total of about 5,000 visitors viewed the early morning launch from the viewers gallery here.   The new...
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Mobile subscriber base of Vodafone Idea and Bharti Airtel declined by nearly 14.5 million and 15.1 million respectively, totalling nearly 30 million subscribers as of March over the previous month, while Reliance Jio added 9.4 million users, according to the TRAI data.   Except Jio,...
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