The standard narrative of most talk shows, media articles, and investor presentations suggests consolidation in the real estate market. The general perception is that the demonetisation and introduction of the Real Estate Regulatory Authority Act (RERA) and goods and service tax (GST)...

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The Supreme Court on Thursday held the moratorium under provisions of the Insolvency and Bankruptcy Code (IBC), which restrains initiation of any fresh proceedings or discontinuance of existing ones, does not protect the promoters of the stressed company, but applies only to the corporate...

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Giving a significant relief to telecom service operators, the Union Cabinet on Wednesday announced a moratorium or deferment of up to four years in annual payments of dues arising out of the adjusted gross revenue (AGR) judgement or spectrum payments. The Cabinet meeting headed by prime...

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The Centre on Wednesday approved a production linked incentive (PLI) scheme for the auto sector, especially focusing on environment-friendly automobiles such as electric vehicles (EVs).   The over Rs25,000 crore scheme is likely to boost production of components as well as give a push...

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Online food delivery major Zomato's co-founder Gaurav Gupta has resigned from the company after a six-year stint.   Mr Gupta was the head of supply at the recently-listed company.   In an email to everyone in the company he said: "I am taking a new turn in my life and will be...

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Two independent directors, namely Ashok Kurien and Manish Chokhani, resigned from the board of Zee Entertainment Enterprises Ltd a day before the company’s annual general meeting (AGM). Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China...

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Coffee Day Enterprises has paid Rs 69 lakh to settle a case, pertaining to alleged disclosure norm violations, with the Securities and Exchange Board of India (SEBI).   Following issuance of a show cause notice, the company filed an application dated February 18 this year for...

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American automotive major Ford Motor Company on Thursday announced it has decided stop manufacturing at its two Indian plants, owned by its subsidiary Ford India Private Ltd, due to losses.   In a statement, Ford India said it would expand its city-based Ford Business Solutions team...

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The Supreme Court (SC) on Thursday stayed all proceedings before the Delhi High Court (HC) on Amazon’s petition seeking enforcement emergency award passed by Singapore International Arbitration Centre (SIAC), which restrained Future Retail Ltd (FRL) from going ahead with its Rs24,731 crore...

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The much-awaited relief package for the telecom sector may bring about a moratorium of around four years on the payment of Adjusted Gross Revenue (AGR).   The moratorium may also be applicable on spectrum payments, sources said.   The measures, if implemented, would be most...

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The Union Cabinet on Wednesday approved the much-anticipated production linked incentive (PLI) scheme for the textiles sector.   Under the scheme incentives worth Rs 10,683 crore will be provided over five years.   According to the government, the move will especially...

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British energy major Cairn expects to get $1.06 billion (Rs7,350 crore) as refund by the Government of India, following which the company will withdraw all its international arbitration award claims and cases.   Simon Thomson, chief executive, Cairn Energy PLC said: "Progress in...

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Federation of Automobile Dealers Associations (FADA) has warned of a lacklustre festive season, especially for dealers of passenger vehicles (PVs), as inventory level continues to dip due to the non-availability of the fast-moving variants.   In a release, Vinkesh Gulati, president of...

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Vodafone Idea's severe financial crisis may result in higher impact on the tower industry.   An ICRA report said that Vodafone Idea Ltd (VIL) has been under financial stress as reflected by mounting losses and burgeoning debt levels, which is likely to impact its financial lenders as...

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Due to the short supply of semi-conductor chips, auto-makers from across the globe are downsizing production. Many original equipment manufacturers (OEMs) like Mahindra & Mahindra Ltd (M&M), Maruti Suzuki India Ltd, MG Motor India Pvt Ltd and the Renault Nissan Alliance have either cut down...

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The Supreme Court on Monday directed the National Company Law Appellate Tribunal (NCLAT) to hear within two months an appeal filed by 63 moons technologies ltd (63 moons) against Piramal Capital and Housing Finance Ltd's resolution plan for troubled mortgage lender Dewan Housing Finance Ltd...

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The oil price rise may have hit the fuel consumers hard, but it is the oil companies that have made the most from the current situation, strengthening their margin on the sale of petrol and diesel and jacking up profits.   At the current prevailing high fuel price levels in the...

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The Madras High Court (HC), while dismissing a case against IL&FS Transportation Networks India Ltd (ITNL) and its former directors Ravi Parthasarathy, Hari Sankaran and Ramchand Karunakaran, has asked the company’s debenture-holders to approach the Serious Fraud Investigation Office (SFIO)....

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In a significant order, the Mumbai bench of the National Company Law Tribunal (NCLT) has asked the authorities to freeze the assets of Videocon group's erstwhile promoters, including Venugopal Dhoot, his brother Pradipkumar Dhoot, son Anirudh and other former key managerial personnel (KMP)....

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Confident of air traffic growth in the long term, private airport operators will spend around Rs42,000 crore on capacity expansion over the next five years through fiscal 2026. According to a research note, that is more than double the capital expenditure (capex) they incurred in the previous...

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