Tata Sons, the holding company of the Tata Group firms, on Friday said discussions on acquiring a stake in the financially troubled Jet Airways have been at a preliminary stage and that no such proposal has been made so far.   In a statement issued here after its Board meeting, the...

On 2 November 2018, the Union government issued a notification under the Micro, Small and Medium Enterprises (MSMEs) Development Act, 2006 ostensibly to ensure timely and smooth flow of credit to MSMEs and minimise sickness among them.    The Act strengthens the provisions relating to...

Just before the global meltdown, Lehman Brothers, had invested $50 million in bonds issued by Prithvi Information Solutions Ltd, which was siphoned off by the promoters of the company in connivance with Hong Kong-based hedge funds through round tripping. This is revealed in a suit filed by...

Binny Bansal, one of the poster-boys of new age entrepreneurship in India, has stepped down as group chief executive (CEO) of Flipkart over allegation of serious personal misconduct. In a letter to Flipkart employees, Binny, however, had strongly refuted charges of personal misconduct but...

On 10th November, Usha Martin, one of the largest wire rope manufacturers in the world and a leading speciality steel producer in India, got its shareholders approval for the sale of its steel division on a slump sale basis to Tata Steel. In one of the largest debt resolution plan outside of...