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Essar Steel: NCLAT reserves order on ArcelorMittal takeover

Senior advocate Kapil Sibal appearing on behalf of Standard Chartered Bank, a secured creditor of Essar Steel, said ArcelorMittal should not be allowed to add working capital to brighten up its final resolution plan.

Airtel, Vodafone Idea lose 30 million customers; Reliance Jio adds 9.4 million

Total wireless subscribers declined from 1,183.68 million at the end of Feb-19 to 1,161.81 million at the end of Mar-19, thereby registering a monthly decline rate of 1.85 per cent, says Telecom Regulatory Authority of India report.

Sensex plunges 383 points on profit-booking

Opening on a bullish note, the BSE Sensex marked its life-time high of 39,571.73 in the early trade and the NSE Nifty too hit its record high at 11,883.55 in opening deals.

Draft notification issued to amend audit rules for trusts; seeks more details

The draft notification, put in public domain for comments till June 5, includes a new 8 page Form 10B as against existing 3 page form.

Jet Airways shares soar 15 per cent on Hinduja stake buy talks

Sources said Hinduja Group is evaluating investment in partnership UAE-headquartered Etihad Airways, which is already a major shareholder in Jet Airways.

Reserve Bank set to create a specialised supervisory cadre

The decision, which was taken at the meeting of the Central Board of the RBi in Chennai on Tuesday, follows a series of events including the IL&FS defaults, ICICI Bank loan issue, Punjab National Bank fraud and the liquidity issues in the NBFC sector in the last two years.

Tech Mahindra inks defence contract worth Rs 300 crore

Tech Mahindra President, India Business and Corporate Affairs Sujit Baksi said the order further cements the company's role as one of the leading system integrators globally.

IRDAI proposes revision in Third-party motor insurance premiums: How it will affect you

As per the latest circular, the regulatory body is soon expected to revise the Motor Third Party insurance premiums for the current financial year 2019-20.

RBI to create specialised cadre for regulation of banks, NBFCs

This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis.

Tata Motors shares fall 7% post quarterly results

On Monday, the company reported a 49 per cent decline in March quarter 2019 results at Rs 1,108.66 crore.

Muthoot Finance offers loan of up to Rs 10 lakh to salaried class in Delhi, NCR

Muthoot Finance will target customers in the age group of 24-58 years and working in private, state and central government jobs to avail personal loans for 1-5 years.

Hinduja Group evaluating bid for debt-laden Jet Airways, shares rise

Jet Airways, once the biggest private carrier in the country, owes vast sums to its lessors, employees, fuel suppliers and other parties. It stopped all flights from April 17 after its lenders refused to give it any more funds to keep the carrier flying.