Business

Jhunjhunwala and DMart founder Damani are among the many private investors who have been tapped for the Yes Bank’s recapitalisation plan. Reserve Bank of India is looking for maximum number of investors to be a part of the consortium that invests in Yes B...

The stock market plunged into bear territory on Thursday, with the blue-chip Nifty 50 sliding to its lowest in over 2-1/2 years, after the coronavirus outbreak was termed a ‘pandemic’ by World Health Organisation (WHO) and the United States suspended trav...

In case the RBI's restructuring scheme for Yes Bank goes through, the additional tier-I bondholders who have bets totalling to Rs 10,800 crore on the lender will be at loss.

The downgrade "is a result of an event of default triggered by the RBI 30-day moratorium, which prevents Yes Bank from making a full and timely payment to its senior creditors, Moody's said in a statement.

The board of directors of the reconstructed Yes Bank will have the freedom to discontinue the services of the key managerial personnel (KMPs) at any point of time after following due procedure, said the RBI draft scheme.

The RBI has said that the State Bank of India (SBI) has expressed willingness to invest in Yes Bank, as per the finance minister.

Rumours that Chinese officials might be overstating the extent to which local businesses are getting back to work also were undermining confidence, said traders.

After rallying over 478 points during the day, the 30-share index settled 61.13 points or 0.16 per cent higher at 38,470.61.

Mills have produced 19.48 mt of sugar till February of the marketing year 2019-20 (October-September), according to the industry body ISMA.

In its hearing on Tuesday, the Principal bench of the National Company Law Tribunal (NCLT),headed by Acting President B S V Prakash Kumar, gave a go-ahead to the resolution plan of NBCC.

The Bill proposes to bring cooperative banks on par with developments in the banking sector through better management, proper regulation and to ensure the interest of depositors are protected.

Welch - known as 'Neutron Jack' for cutting thousands of jobs - bought and sold scores of businesses, expanding the industrial giant into financial services and consulting.

The collection from Goods and Services Tax (GST) in February was, however, lower than the Rs 1.10 lakh crore collected in January 2020.

Beginning operations at the Rowghat iron ore mine in Kanker district of the state is extremely important for SAIL as the Dalli-Rajhara mines, from which the company's Bhilai unit sources iron ore, are fast depleting.

Citing the example of 1991 economic liberalisation, he said reforms in a phased manner were followed more or less in taxation, reducing import duties, on bringing in the first round of regulation in the financial system, etc.

The world's biggest furniture brand, which launched in India in 2018, has invested more than $1.7 billion in the country, betting on its burgeoning middle class.