Indian airline SpiceJet Ltd said on Thursday that its billionaire owner, Kalanithi Maran has proposed to transfer majority ownership in the ailing carrier to co-founder Ajay Singh.
Anil Ambani-led Reliance Group sells multiplex business to Carnival Cinemas.
On December 31, SpiceJet's accumulated losses had grown to Rs 3,233 crore.
The company's profit stood at Rs 292.79 crore (Rs 2.92 billion) in the year-ago period.
The company is set to be India's first microlender to become a bank
The cigarettes segment had a revenue of Rs 4,554.21 crore during the second quarter of the current fiscal, as against Rs 8,528.47 crore in the year-ago period, down 46.56 per cent.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Investors booked profits at higher levels despite the growth oriented Budget.
Convergence of online and offline is the new mantra which is changing the education map of the country.
Maruti, Honda and Tata Motors posted highest sales growth during the month
The net non-performing assets on December 31, 2016 were Rs 20,155 crore compared to Rs 16,483 crore at September 30, 2016
The rally in index heavyweight ITC has boosted the sentiment across the board.
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
Analysts said FIIs had created long positions worth Rs 9,700 crore (Rs 97 billion) in index futures till recently.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
The government is selling over 41.22 crore shares or 5 per cent stake in NTPC.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
A deal with the Assam government, which holds majority stake in the company through Assam Industrial Development Corporation Ltd, is likely by October.
If the entire amount of Rs 24,000 crore is raised, then it would be the biggest fundraising exercise by any Indian company ever.
The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution
While Moily refused to elaborate on the reasons for the deferment, sources said his ministry had raised concerns over pricing of IOC shares.
The world's fifth largest wind turbine supplier Suzlon Energy will invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacity in Madhya Pradesh.
