SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
Chairman Emeritus of the $100-billion Tata Sons, Ratan Tata, on Tuesday called for better co-operation and collaboration among sectors. He urged the government and industries to collaborate in a more proactive manner.
Konnect to be phased out as airline struggles to contain losses.
Key relaxations traced in final regulations.
FM says government policies aim to contain inflation, spur growth.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
The Central Electricity Regulatory Commission (CERC) has said the first 660-Mw unit of Reliance Power's 3,960-Mw Sasan ultra mega power project (UMPP) could not achieve its "full load" in March 2013 and rejected the company's plea to appoint an independent technical committee to look into the readiness of that unit.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
India Inc has an impressive report card to show for the first quarter of this financial year.
The Karnataka government is partnering with two leading e-retailing companies, Snapdeal and Amazon, to create a platform where the small and medium enterprises (SMEs) of the state can sell their products.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
The sudden resignation and almost-immediate announcement of a successor came as a surprise to many.
DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday cautioned against extrapolating the issue of alleged graft charges in a public-sector bank to the entire public sector banking system.
The officers did not arrest Neeraj Singhal despite CBI Director Ranjit Sinha's orders.
Borrowers who were hoping for lower interest rates on their home or car loans might be in for some disappointment.
The Narendra Modi government on Monday appointed Arvind Gupta, a former Indian Foreign Service officer, of the 1979 batch, as Deputy National Security Advisor. This appointment comes within days of Nehchal Sandhu quitting as deputy NSA, citing personal reasons.
The tax authorities have been piling pressure for a long time against Mallya and on Kingfisher Airlines to cough up the dues.
The Gurgaon-headquartered drug maker, set to be acquired by another leading domestic company, Sun Pharmaceutical Industries, reported a consolidated net loss of Rs 186 crore for the quarter ended June.
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