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Essar headquarters

SBI to sell Essar Steel bad loan worth Rs 15,431 crore as insolvency case drags on

SBI is the largest lender to Essar Steel, which has run up a mammoth debt of Rs 49,000 crore. Jan 16, 2019
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Reliance Industries joins blockchain platform VAKT in digital push

Oil majors such as Chevron and Total have also joined London-based Vakt, one of the early blockchain pilot schemes for commodities trading. Jan 16, 2019
flipkart

Flipkart and Amazon seek more time to comply with revised e-commerce policy

The US-India Strategic Partnership Forum had also raised its concern over the rules and had said that it would hamper the FDI inflow in the country. Jan 16, 2019
RBI

Large borrowers defaults fall sharply after RBI orders 1-day default norm

RBI data show the defaulted loans fell more than 60 per cent to Rs 55,070 crore on September 30, 2018, from Rs 1.53 lakh crore on June 30, 2018. Jan 16, 2019
Leela Palace Kovalam

Emirati tycoon Al Habtoor offers to buy Leela hotel chain

In a letter to Arun Jaitley, Rashid Al Habtoor has offered to clear the debts of Leela Group of Hotels to SBI and private lenders and make a public offer to buy shares. Jan 16, 2019
Jet Airways

Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share

Etihad, which owns 24 per cent of Jet, wants exemption from the market regulator on preference pricing and open offer guidelines to invest more for the bailout. Jan 16, 2019
Vodafone Idea Limited

Cheer for Vodafone Idea employees; salaries to be raised first time after 2017

The employees of Idea Cellular and Vodafone have not been given salary corrections since 2017 amid deliberations taking place for the merger of the two companies Jan 16, 2019
jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Naresh Goyal to cede Jet Airways control as bailout plan explores more Etihad stake

The SBI-approved proposal seeks lenders to recast the private airline's debt and increase foreign partner's equity participation. Jan 15, 2019
Qatar Airways Group Chief Executive Officer Akbar Al Baker

Bad news for Jet: Qatar Airways won't invest in 'enemy-controlled' company

Both Etihad and Qatar Airways are promoted by cash rich Gulf Arab emirates, though Qatar Airways swung to losses last year after Qatar was placed under a blockade by neighbouring countries. Jan 15, 2019
yes bank

Yes Bank shares rise 5% on reports that Deutsche Bank India head leads CEO race

In September, the RBI decreed that Rana Kapoor cannot stay at the helm beyond January 31, and rejected subsequent appeals for revising of the decision. Kapoor's three-year term had expired on August 31. Jan 15, 2019
Ananth Narayanan

Myntra CEO Ananth Narayanan quits to pursue 'external opportunities'

Myntra CEO Ananth Narayanan resigned from the fashion e-commerce company on Monday. Amar Nagaram has been chosen as his replacement and will report to Flipkart Group CEO Kalyan Krishnamurthy. Jan 15, 2019
sachin bansal Bhavish aggarwal

Sachin Bansal gets on board Ola with Rs 150 cr investment; app now valued at Rs 4,090 cr

Ola's filings with the Registrar of Companies reveals that Sachin Bansal made the investment on January 12. Jan 15, 2019
Amazon logo

With 1,300 jobs on offer, India remains Amazon's jobs hot spot

Amazon has almost 1,300 openings in India and in comparison, China has 467 job openings and Japan 381, followed by Australia and Singapore which have 250 and 174, vacancies respectively. Jan 15, 2019
RBI

UPI 2.0 gets ready to push growth as digital transactions plateau

UPI transactions' value shot up by 700% last year despite a 1% drop in total digital payments Jan 15, 2019
SEBI

Traders cheer Sebi's new guidelines for equity derivatives and cash segments

Securities trade regulator Sebi to implement new uniform membership structure for equity derivatives and cash segments from April 1. Jan 14, 2019
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