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.
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."
Days after revelation of fraud at CG Power, the company's board on Thursday sacked its Chairman Gautam Thapar with immediate effect.
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.
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.
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.
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 said on Friday it would recall 40,618 of budget four-wheeler WagonR manufactured between November 15, 2018 and August 12, 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.
In a regulatory filing late on Thursday, Future Retail said Amazon has agreed to acquire a 49 per cent stake in Future Coupons. That entity in turn owns a 7.3 per cent interest in Future Retail, according to prior regulatory filings.
IIT graduates Sachin Bansal and Binny Bansal founded out of an apartment in Bangalore (now Bengaluru) what would become Indias biggest e-commerce start-up. Recounting the astounding story of how the Bansals built Flipkart into a multi-billion-dollar powerhouse in a span of few years, journalist Mihir Dalal has penned a new book.
Thyssenkrupp on Thursday said it was filing a complaint with a European court to dispute an antitrust decision that blocks a planned joint venture with Tata Steel.
Parle Products, a leading Indian biscuit maker, might lay off up to 10,000 workers as slowing economic growth and falling demand in the rural heartland could cause production cuts, a company executive said on Wednesday.
Gautam Thapar-promoted CG Power and Industrial Solutions, after a gruelling 13-hour long board meeting on Tuesday, said an investigation by its board found major governance and financial lapses, with liabilities of the company and the group potentially being understated by hundreds of crores of rupees.
Riding on the growing digital consumption via smartphones along with ultra-cheap data plans, the media and entertainment industry in India is likely to reach Rs 3.07 trillion by the financial year 2024, a new report said on Tuesday.