The Reserve Bank of India (RBI) has liberalised the procedure for facilitating the import of rough diamonds (termed roughs in the trade).
The government's high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three blocks, given to Nagpur-based Shree Veerangana Steels.
Sahara Group pulled out of the Indian Premier League following financial dispute with the BCCI.
The Sahara India Group pulled its team Pune Warriors India out of the Indian Premier League following the Board of Control for Cricket in India's decision to encash the bank guarantee after they failed to pay the franchisee fee.
The troubles regarding Indian Premier League doesn't seem to end as Sahara Pune Warriors failed to pay the full franchise fee for the current year which resulted in BCCI encashing the bank guarantee casting a shadow on its future in the cash-rich league in coming years.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
The cash-strapped Deccan Chargers will remain terminated from the IPL after the Bombay high court on Thursday set aside a status quo order passed by an arbitrator on cessation of its membership in the league.
The owners of the cash-strapped Deccan Chargers sold the Indian Premier League franchise to a real estate company for an undisclosed sum. Deccan Chronicle Holdings, which paid $107 million for the franchise in 2008, informed the stock exchanges on Friday of their decision to sell the team to Kamla Landmarc, a Mumbai-based real estate company.
The government on Monday decided to deallocate one more mine - Gourangdih ABC-- jointly given to JSW Steel and Himachal Emerging Markets Trade Association besides deduction of bank guarantees of two allottees for failing to develop mines within time.
The CAG has suggested canceling nationwide broadband spectrum allocated to Infotel Broadband Services, now a Reliance Industries company, for allegedly rigging the auction and violating rules.
ABG close to winning bid for container-handling berth at Haldia.
Meeting in the midst of a raging controversy, an inter-ministerial group on coal blocks on Monday skirted a decision on cancelling allotments of 58 mines, but firmed up the guidelines for forfeiting of bank guarantees for failure to develop them.
If the EC decides to put on hold a gas price revision for RIL, it would set a precedent for pricing decisions of the government and policy decisions taken but undergoing procedural delays.
With prices of new franchises dropping, the team valuations, instead of going up, seem heading south. One major reason for that could be the numerous issues the T20 league has faced over the years, and growing friction between franchises owners.
TIA said it is very concerned over the discriminatory policy proposals that India is contemplating.
After terminating cash-strapped Deccan Chargers from the Indian Premier League, the BCCI began the process of finding a new team by floating tender notices for a fresh franchise.
A bench headed by Justice Arun Mishra declined to accept the proposal given by senior advocate Mukul Rohatgi, appearing for Vodafone, after he mentioned the matter. Rohatgi said they are willing to pay Rs 2,500 crore today (Monday) and another Rs 1,000 crore by Friday but no coercive action be taken against the company. He urged the bank guarantee deposited with the government by Vodafone should also not be encashed.
The Board of Control for Cricket in India has scrapped its contract with broadcast rights holder Nimbus for defaulting on payments, and forfeited the bank guarantee amount of Rs 2,000 crore.
Stocks to watch: BHEL, L&T, IRB Infra and Suzlon
Roy, who has been in jail for over five months, said that he cannot reveal the name of the party and the bank, saying that their confidentiality has to be protected till the deal is signed.
Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.
Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.
Kerala high court on Tuesday asked the owner of Italian Merchant Vessel Enrica Lexie and the families of the two fishermen allegedly killed by the marines whether they were willing for an out of court settlement for determining the compensation.
The government on Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mines development and warned of deduction in their bank guarantees if they failed to furnish replies.
"Air India is unable to pay even after a 90-day credit period. They owe us about Rs 300 crore without interest. There is also no bank guarantee from Air India to any of the oil marketing companies. We do not know when will the company honour its dues," said a BPCL official on condition of anonymity.
An Italian court has barred India from encashing bank guarantees worth over Rs 2,360 crore of AgustaWestland as part of the penalties imposed on it after scrapping of the Rs 3,600 crore VVIP chopper deal.
Yoga guru Baba Ramdev's Patanjali Ayurved on Wednesday made its first big acquisition when it paid Rs 4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition will help Patanjali acquire edible oil plants as also soyabean oil brands such as Mahakosh and Ruchi Gold.
Firestar Diamond, which on its website states that its operations span the US, Europe, the Middle East, the Far East and India, blamed liquidity and supply chain challenges.
Former IPL commissioner Lalit Modi has again fired a salvo at BCCI bigwigs Sashank Manohar and president N Srinivasan for the "mess" created due to the termination of IPL franchise Kochi Tuskers Kerala.
Cracking the whip, the BCCI terminated the contract of IPL franchise Kochi Tuskers Kerala for non-payment of bank guarantee, thus abruptly ending the controversial Kerala team's association with the cash-rich league after just one year.
In a written reply to the Rajya Sabha, Civil Aviation Minister Vayalar Ravi said Vijay Mallya-promoted Kingfisher Airlines along with Paramount Airways did not settle dues on a regular fortnightly basis.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
Court order follows submission of govt lawyers that Serious Fraud Investigation Office was probing a case of misappropriation of fund by Jet Airways and Goyal.
SpiceJet is having tough times due to a huge financial crunch.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator
The franchise owners Kochi Tuskers Kerala are planning to take legal action against the BCCI after the BCCI terminated the Indian Premier League side's contract at its Annual General Meeting on Monday.
Senior government officials said the company would be allowed a harmonious exit.
The Supreme Court on Monday refused to interfere with a Mumbai high court's order under which Times Now news channel has been asked to deposit Rs 20 crore in cash and to give a bank guarantee of Rs 80 crore, before its appeal against a trial court award of damages of Rs 100 crore to former apex court judge P B Sawant, could be heard.Justice Sawant had sued the news channel for displaying his photo wrongly during the telecast of a news bulletin on September 10, 2008.
The former Satyam Computer's founder, Ramalinga Raju, had confessed in early 2009 to having falsified the company's accounts for years.
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