The National Company Law Appellate Tribunal (NCLAT) on Tuesday reportedly asked Reserve Bank of India to clarify whether the central bank's norms and powers under the non-performing assets (NPAs) hampers successful resolution.   The RBI had moved to the Tribunal seeking to modify...

Mindtree founder Subroto Bagchi, in an emotional letter to rally the troops, has asked employees to focus on customers saying that he along with the chief executive (CEO) and two others will be the first line of defence.   In this hugely difficult time, you must make sure that our...

In a big relief to builders, the GST Council on Tuesday approved transition rules on new tax rates for residential property and offered an option to builders with under-construction buildings to shift to the new rates without input tax credit (ITC) or continue with the old rates with...

The Indian government has reportedly asked public sector banks (PSBs) to save private carrier Jet Airways from bankruptcy ahead of elections, says an international wire agency.   After grounding a large part of its fleet (78 out of 119), the carrier has been cancelling flights on a...

Leading IT services firm Mindtree on Tuesday said the company's stakeholders, including investors and employees, were all "united" in opposing diversified conglomerate Larsen and Toubro Ltd's (L&T) bid to take it over.   "Our investors and employees stand united against this hostile...