A special five-member NCLT bench has issued notices to all parties in Subhash Chandra's personal insolvency case and directed the Essel Group Chairman not to alienate his properties, either directly or indirectly, following a split verdict on a repayment plan.
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.
Civil Aviation Minister Kinjarapu Rammohan Naidu stated that no decision has been made regarding allowing Delhi and Mumbai airport operators to own and run airlines, as the government is carefully considering the implications of relaxing cross-ownership restrictions, including potential conflicts of interest and the need for more airlines.
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.
India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.
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.
For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.
Essel Group Chairman Subhash Chandra has challenged the National Company Law Tribunal's (NCLT) decision to form a five-member bench to hear his personal insolvency case, arguing that the tribunal lacks the power to constitute such a bench. This comes after a split verdict and a subsequent stay on an order allowing him to settle claims.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
Essel Group founder Subhash Chandra has called for an independent audit to examine the group's borrowings, defaults, and repayments, stating that approximately 43,000 crore of its 45,000 crore total debt has been repaid.
India's outward foreign direct investment (FDI) plummeted by 47.9 per cent year-on-year to $3 billion in June 2026, according to the Reserve Bank of India (RBI), with declines across equity, debt, and guarantee commitments.
State Bank of India's latest report highlights a 'chalk and cheese' divide in the Reserve Bank of India's recent policy communications, with the Monetary Policy Committee minutes showing a hawkish tone while the Governor's statements are more data-dependent, leading to market uncertainty regarding future interest rate hikes.
Prime Minister Narendra Modi announced six guarantees for West Bengal if the BJP wins the Assembly polls, criticising the TMC government and promising development and accountability.
The absolute amount of money raised is more than three times the 2 trillion seen before the pandemic (June 2019).
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.
'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'
The Supreme Court has listed for hearing on August 31 an appeal of Sumit Roy, personal assistant to Trinamool Congress MP Abhishek Banerjee, challenging the August 6 order of the Calcutta high court denying him pre-arrest bail in the Salboni land-grabbing case.
Prime Minister Narendra Modi announced six guarantees for West Bengal if the BJP wins the Assembly polls, promising to end the 'reign of fear' and address corruption, while criticising the TMC government's performance.
Prime Minister Narendra Modi has announced plans to modernise India's civil defence volunteer force, stating that the existing system, designed for conventional wars, is inadequate against contemporary threats targeting critical infrastructure like refineries, banks, and data centres.
Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.
Bangladeshi cricket legend Shakib Al Hasan, an ally of ousted PM Sheikh Hasina, is willing to return from exile in the US to face charges, including murder, if the government guarantees his safety. He hopes to play a farewell series and represent Bangladesh in the 2027 World Cup, highlighting the challenges faced by Hasina's allies after her government's fall.
It's not about how much you earn -- it's about how you borrow and repay.
The income tax department has significantly reduced refund processing times over the past few years. But while some taxpayers receive refunds within days, others may wait several weeks or even longer. Here's why.
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.
Subrata Roy's parole, granted on humanitarian grounds following his mother's death.
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.
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 Supreme Court has extended its order staying the arrest of Sumit Roy, personal assistant to Trinamool Congress MP Abhishek Banerjee, in connection with the Salboni land-grabbing case. The West Bengal government alleged Roy was not cooperating with the probe, while Roy's counsel argued he has a right to silence and the case is politically motivated. The court will review a sealed cover report from the police before further proceedings.
Mahindra Satyam said it will withdraw the petition filed against the Tax Department challenging its direction to pay tax.
The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.
Indian equities trading activity saw a moderation in FY26, with cash market turnover declining and derivatives growth remaining subdued due to regulatory tightening and weak market performance. Further impacts are expected from new RBI norms and a hike in Securities Transaction Tax (STT).
Ministry returns guarantee saying new price has not been notified and RIL would have to submit surety as and when it is announced.
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 National Company Law Tribunal (NCLT) in Mumbai has admitted a petition filed by State Bank of India (SBI) seeking to initiate personal insolvency proceedings against industrialist Anil Ambani. This action is related to Ambani's alleged personal guarantees for loans extended to Reliance Communications (RCom), from which SBI is attempting to recover over 1,200 crore.
'... to see that young people are gainfully employed. After that, it will become very difficult as we will start ageing much more rapidly.' 'We have a huge proportion of Gen Z. After 2030, every year, we will start seeing a gradual shift towards a slightly older society.'
Chandrasekaran's exit is more than a change of chairman. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.
Odisha Chief Minister Naveen Patnaik has requested Union Finance Minister Nirmala Sitharaman's intervention in a case where a tribal man was forced to exhume his sister's skeleton to prove her death to a rural bank in Keonjhar district. Patnaik urged for accountability and empathy in rural banking services.
The Department of Telecommunications (DoT) has introduced a new authorisation regime, replacing multiple licences with a single permission for principal telecom services, aiming to simplify compliance and accommodate evolving technologies. This move is expected to ease business operations, enhance fraud prevention with AI, and expand connectivity, especially through satellite networks.
Bira 91 founder Ankur Jain and his family have stepped down from the board and executive positions of B9 Beverages, the parent company, after reaching a settlement with the craft beer maker's lenders and investors.
