industry

The National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process of debt-ridden real estate major Housing Development and Infrastructure Ltd (HDIL), asking the lenders to submit their dues claims by September 8.

Mukesh Ambani Calls Amit Shah 'Karmyogi' & 'Iron Man' Aug 30 2019

Addressing the gathering at the convocation ceremony of Pandit Deendayal Petroleum University, Ambani said: "Amit bhai, you are a true karmyogi, you are truly Iron Man of our country. Gujarat, and now India, is blessed to have a leader like you."

CG Power Board Sacks Chairman Gautam Thapar Aug 29 2019

Days after revelation of fraud at CG Power, the company's board on Thursday sacked its Chairman Gautam Thapar with immediate effect.

Indian Oil Corp plans $28 billion investment by 2023-24 Aug 28 2019

Indian Oil Corporation (IOC), the country’s top refiner, plans to invest Rs 2 trillion ($27.98 billion) in five-seven years to meet energy needs of diverse user groups, Chairman Sanjiv Singh told a shareholders meeting on Wednesday.

IndiGo Says All Third Party Deal Clean, Gangwal Skips AGM Aug 27 2019

Amid signs of truce between its warring promoters, InterGlobe Aviation, which runs private airline IndiGo, on Tuesday told shareholders in the annual general meeting (AGM) that all the related party transactions (RPTs) are at an arm's length.

Jet Airways Founder Naresh Goyal Controls 19 Firms, 5 Of Which Are Abroad: ED Aug 24 2019

The Enforcement Directorate, which carried out searches at the residence of Jet Airways founder Naresh Goyal, has got details of 19 companies held by him of which are five are located abroad and how money was siphoned off to other countries through dubious transactions.

NRAI Plans Fresh Move Against Deep Discounting By Online Food Apps Aug 24 2019

With more than 2,500 restaurants now logged out against the deep discounting practices of online food aggregators across the country, the National Restaurant Association of India (NRAI) on Saturday said it will soon begin a more intense movement to stop "unethical" practices being adopted by online food apps like Zomato Gold.

Maruti Suzuki India Recalls 40,618 Of Budget Four-Wheeler WagonR Aug 23 2019

Maruti Suzuki India said on Friday it would recall 40,618 of budget four-wheeler WagonR manufactured between November 15, 2018 and August 12, 2019.

Xiaomi Banks On Phone Data For Finance Play In India Aug 23 2019

China’s Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges.