Naresh Goyal resigns; Jet to get Rs 1,500 crore funds

SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month. Giving up chairmanship after more than 25 years, embattled Jet......

India's most astute deal maker is now a bankrupt entrepreneur

A look at the life and times of maverick businessman Chinnakannan Sivasankaran Chinnakannan Sivasankaran On August 26, the Supreme Court of Seychelles declared Chinnakannan Sivasankaran, better......

DLF raises Rs 1,863 crore through fresh shares

Realty major DLF has raised Rs 1,863 crore (Rs 18.63 billion) through issue of over 8.1 crore (81 million) fresh shares to institutional investors, enabling the company to dilute promoters stake to......

FDI policy set for revamp

In its bid to bring more clarity on the definition of ‘control’ in the country’s foreign direct investment (FDI) policy, in sync with that in the Companies Bill, the Department of......