Companies & Sectors

The multi-crore scam of Anugrah Stock & Broking Pvt Ltd continues to take new turns. As per reports, the economic offenses wing of Mumbai police has put a lien on bank account of Edelweiss Custodial Services Ltd (ECSL), which was clearing house for Anugrah till a few months ago. Separately,...
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  • Appearing before a UK Court (under Rule 71) via video conference on Friday over a lawsuit brought by three state controlled Chinese banks over non repayment of loans, Anil Ambani claimed that his current expenses are being borne by wife and family and that he has even taken a loan from his...
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  • Vodafone has won the case against India over a retrospective tax demand of more than Rs20,000 crore.   The Permanent Court of Arbitration at The Hague has ruled that the conduct of India's tax department is in breach of 'fair and equitable' treatment.   Voafone had moved the...
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  • GMR Infrastructure Limited (GIL) on Friday announced signing of definitive agreements for the sale of its entire 51% stake in Kakinada SEZ Limited (KSEZ) to Aurobindo Realty and Infrastructure Private Limited (ARIPL).   As part of the proposed transfer of stake of KSEZ, the 100%...
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  • Two offshore companies of IL&FS Group, ITNL Infrastructure Developer LLC, ITNL International DMCC have filed for bankruptcy in Dubai.   The two companies are subsidiaries of ITNL International Pte. Limited, (IIPL) Singapore, which is a step-down subsidiary of IL&FS Transportation...
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