The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
The Nifty gained 118 points to close at 3,199.
Railway traffic on both Central and Western lines were affected, throwing train schedules out of gear and affecting office goers.
In January this year, Tata Sons invested an additional Rs 2,500 crore (Rs 25 billion) in Tata Teleservices which was used to repay loans of the wireless telephony company.
At Rs 1.196 per unit, power tariff reaches new bottom.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
State-run gas firm GAIL (India) Ltd on Wednesday said it was talking to the Indian lenders of the Dabhol Power Company to takeover the 2,184 MW power plant and the adjoining LNG import facility in Maharashtra.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
In the broader market, the S&P BSE Midcap ended 0.1% down, while the S&P BSE Smallcap index gained 0.3%.
Delhi Metro, Yamuna-expressway and Tata Power's Mundra ultra mega power project in Gujarat are among the six ventures that have figured in the list of world's most innovative, impactful infrastructure projects prepared by international accounting firm KPMG.
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
'In India, most funds have one or at most two platforms, but we are the only one which has four -- growth equity practice, real estate practice, a special situation and credit platform, and infrastructure.'
The Sensex opened a tad higher at 5,128 - up 4 points. However, the index soon slipped into negative zone and is down 27 points at 5,096. The Nifty is at 1,599 - down 10 points.
Tech major's shareholders will receive total dividend of Rs 15,474 crore in FY15
Among the businesses that need consolidation are retail and defence
Major gainers which contributed to the Nifty were ICICI Bank, State Bank of India, Reliance Industries, ONGC, Tata Consultancy Services, Infosys, Bajaj Auto, Tata Power and Larsen and Toubro.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
The Sensex opened with a positive gap of 11 points at 10,852
Tamil Nadu Election Candidates, TN 2016, Deepika Election Live, Thanjavur Election are some of the apps keeping people hooked to their handsets.
Anand Dalvi and Akhtyar Khano suffered serious burns and were taken to St George Hospital, police said.
As the Sensex continued with its record-breaking show, over 750 stocks hit one-year high levels on the Bombay Stock Exchange on Friday.
All India Congress Committee General Secretary Sanjay Nirupam on Saturday threatened to immolate himself if his demand for reduction in power tariff in Mumbai was not accepted.
The Sensex touched a new all-time intra-day high at 10,196, and finally closed with a smart gain of 89 points at 10,168.\n
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