Business

On October 1, the government superseded the board of IL&FS after some of its group entities defaulted on debt payments which triggered concerns of a liquidity crisis in the financial market.

The entities are understood to be linked to the close family members of Rana Kapoor, the chief executive and one of the promoters of the bank.

The move will boost employment generation by thousands and an investment of thousands of crores of rupees.

West Bengal Finance Minister Amit Mitra said demonetisation has hit farmers and unorganised sector of the economy hard as their business mode was cash dependent.

To meet Australia's growing demand for digital expertise, the $11-billion Indian firm also formed an education ecosystem for providing learning opportunities.

Shares of aviation and oil marketing companies surged due to sharp drop of nearly 7 per cent in global crude oil prices.

Yes Bank cited personal reasons for R. Chandrashekhar's resignation. Besides, the private sector lender is expected to overhaul its board after receiving nod from its promoters, sources said.

The RBI will also form a separate panel to review its surplus funds and transfers to government, it was decided at the meeting.

The road transport minister said over 150 projects involving investments of over Rs 2 lakh crore are currently struggling to get financial closure.

Stating that there are 'legacy' issues around the carrier which government is trying to resolve, the Aviation Minister said Air India is burdened with debt, which is clearly unsustainable.

Sonia's lawyer said there is a lot of ambiguity in the case given that multiple reports earlier stated that the data in question belonged to the company but was later acknowledged as the founder's personal data.

The 30-share Sensex was trading 14.78 points lower at 35,129.71, after it spurted 201 points, or 0.57 per cent, to 35,345.49 points in opening session.

The investigation conducted by a global law firm could not corroborate the allegation. It did, however, surface a lack of transparency and inadequate disclosures on Bansal's part, Walmart said.

Net loss was 11.56 billion rupees ($158.43 million) for the three months ended Sept. 30, compared with a profit of 1.79 billion rupees a year earlier.

Forex traders said the dollar's strength against some currencies overseas weighed on the rupee but a higher opening of the domestic equity markets capped the losses.

Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck.