In a relief to Nimbus Communications, the Bombay High Court, on Friday, directed three banks to give the broadcast rights holder three days notice before forfeiting bank guarantee of Rs 2,000 crore.
The Bombay high court has granted Deccan Chronicle Holdings Ltd (DCHL) three more days to furnish an irrevocable and unconditional bank guarantee of Rs 100 crore to the Board of Control for Cricket in India for its Indian Premier League franchise Deccan Chargers.
The High Court of Justice in London has rejected a fresh bail petition filed by diamantaire Nirav Modi, who is wanted in India in connection with the Rs 13,000 crore Punjab National Bank (PNB) fraud case.
As part of the stepped-up efforts to track transfer of funds parked overseas in India, the investigating agencies have brought Cross Border Bank Guarantees (CBBGs) and Standby Letters of Credits (SLOCs) under the scanner.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
IndiGo has vacated over 700 slots at various domestic airports after the DGCA curtailed its winter flights by 10% following operational disruptions in December. Other airlines are invited to request these slots.
The government on Wednesday put out the draft of a new policy that projects the country's power sector will need Rs 50 trillion in investments by 2032 and Rs 200 trillion by 2047, proposing ambitious reforms in generation, transmission and distribution.
India has encashed a guarantee of over Rs 250 crore deposited by AgustaWestland in a bank in New Delhi even as it is preparing to file an appeal against an Italian court's stay on its move to encash another guarantee deposited in an Italian bank.
After a month long legal battle, the cash-strapped Deccan Chargers on Saturday lost its status as an IPL team after the Bombay High Court stayed the order of Arbitrator for maintaining status quo on the matter till further hearing.
India's largest airline IndiGo on Thursday reported a 78 per cent decline in December quarter net profit at Rs 549.1 crore as flight disruptions and implementation of the new labour code took a toll on its earnings. The airline reported a net profit of Rs 549.1 crore in the October-December quarter, compared with Rs 2,448.8 crore earnings in the year-ago period, according to a company statement.
Subrata Roy's parole, granted on humanitarian grounds following his mother's death.
Reliance Industries will have to provide a bank guarantee of $135 million every quarter to get a higher price for natural gas from April 1 next year.
Accused of persistent non-compliance, Sahara group on Tuesday offered Sebi fresh bank guarantees for Rs 22,500 crore and help in verifying investors including those the group claims to have already refunded.
The UK government on Sunday announced that it will support "iconic British brand" Jaguar Land Rover (JLR) with a loan guarantee of up to 1.5 billion pounds to give certainty to the Tata Motors owned carmaker's supply chain following a devastating cyber-attack. The loan will come from a commercial bank, backed by the Department for Business and Trade's (DBT) Export Development Guarantee (EDG), provided by export credit agency UK Export Finance, to be paid back over five years.
In a major announcement for domestic long distance (STD) operators, the government on Friday reduced the performance bank guarantee deposit by 50 per cent to Rs 50 crore (Rs 500 million).
The Central Bureau of Investigation has filed a case against Reliance Communications and its promoter-director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday. The agency is carrying out searches at the residence of Anil Ambani and premises linked to RCOM in connection with the case, they said.
India's high cost of capital due to relatively shallow corporate bond markets, limited institutional investor depth, sovereign risk premia, and regulatory restrictions on capital flows, is a constraint on private investment and long-run growth, the Economic Survey, authored by Chief Economic Advisor (CEA) V Anantha Nageswaran, said.
Mahindra Satyam said it will withdraw the petition filed against the Tax Department challenging its direction to pay tax.
The Maharashtra Pollution Control Board (MPCB) has ordered the shutdown of 19 ready mix concrete plants in the Mumbai Metropolitan Region for violating environmental guidelines and contributing to deteriorating air quality levels.
Prime Minister Narendra Modi on Sunday charged the Trinamool Congress government with 'playing with national security by protecting infiltrators' for vote-bank politics, and said ending the ruling party's 'maha jungle raj' was vital to restore law and order, development and investor confidence in the state.
Finance Minister Nirmala Sitharaman's biggest challenge will be to find a new growth driver, particularly against the backdrop of a global economy ravaged by heightened uncertainty and fragmentation, financial markets on a precipice, and global commodity prices on a continued uptrend.
Ministry returns guarantee saying new price has not been notified and RIL would have to submit surety as and when it is announced.
Prime Minister Narendra Modi attacked the ruling Left and Congress in Kerala, raising the Sabarimala gold loss issue and accusing the Congress of aligning with hardline elements. He urged voters to choose the BJP for development and good governance.
The Cabinet on Thursday decided to allow Reliance Industries to almost double the price of natural gas from April provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.
The government has infused over Rs 3,100 crore into women-led startups over the past six years, through its three schemes including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to boost female entrepreneurship across the country, according to an update shared by the Ministry of Commerce and Industry.
Authorities in Kashmir have initiated a profiling process of mosques, madrassas, and individuals associated with their management following the exposure of a 'white collar' terror module. The enumeration drive focuses on the finances of these institutions and the backgrounds of their personnel.
The Karnataka cabinet has approved eight draft bills, including those addressing hate speech, cattle slaughter, and social boycott, to be tabled in the upcoming legislative session.
Investors and startup executives are calling for extending the period for an entity to be recognised as a startup from 10 to 15 years for deep-tech companies.
The government bond yield curve is likely to flatten in the financial year 2027 (FY27) as the Reserve Bank of India (RBI) is expected to ease supply pressure in the ultra-long segment. In FY26 so far, reduced investments by insurance companies and pension funds pushed up yields on ultra-long tenor securities, steepening the curve.
The panel also recommended deduction of bank guarantee of four mines, including one given jointly to the world's largest steel producer ArcelorMittal and GVK Powers, an official statement said.
Three laws passed in Parliament could boost central revenues, reshape GST cess flows, shift MGNREGA costs to states and create new budget headroom ahead of the 2026-2027 Union Budget, points out A K Bhattacharya.
Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.
The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and ensure tax neutrality for fast-track demergers, during its consultation with Revenue Secretary Arvind Shrivastava ahead of the Union Budget 2026-27.
The Uttarakhand High Court has ruled that a driver cannot be presumed to be under the influence of alcohol solely based on the smell of liquor without scientific evidence.
Which are some of most special places in the world to celebrate Christmas?
The Bombay High Court has dismissed the petitions of the Board of Control for Cricket in India (BCCI) challenging arbitral awards of over Rs 538 crore (Rs 5,038 million) in favour of the now-defunct Indian Premier League franchise Kochi Tuskers Kerala.
After a gap of more than three years, the central government has agreed to resume the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) works in West Bengal with immediate effect, but subject to mandatory adherence to stringent conditions. These include a prohibition on any work valued at more than 20 lakh, compulsory 100 per cent electronic know-your-customer (eKYC) verification of all workers, and mandatory pre-estimation field visits for all works before they are undertaken.
EPF doesn't just build your retirement fund -- it also provides free life insurance up to Rs 7 lakh under the EDLI scheme.
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