Business

Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount.

Jeff Bezos, who will continue to exercise sole voting authority over the shares, will probably remain the world’s richest person, with a 12 per cent Amazon stake that’s currently valued at $107 billion.

The hearing appeared to lift an overhang over Tesla, as the SEC stopped well short of recommending Musk's removal as chief executive or even from the electric car company's board.

With debt of more than $1 billion, Jet has struggled to pay lenders, suppliers, pilots and lessors for months and was on the brink of bankruptcy, but was bailed out last month by state-run banks.

Pandey had taken over the charge of the GIFT City, that houses the country’s first International Financial Services Centre (IFSC), in August 2015 and his three-year term ended in August 2018.

These investments happened at a time when the IL&FS Group’s debt woes were in the public domain and the IL&FS group was busy selling its assets to raise funds to honour its debt repayments.

India has sought Modi’s extradition for alleged “high value and sophisticated” fraud and money laundering.

The six-member Monetary Policy Committee of the RBI voted 4:2 in favour of the rate cut.

Unveiling the monetary policy, the RBI said the GDP growth for 2019-20 in the February policy was projected at 7.4 per cent in the range of 7.2-7.4 per cent in H1, and 7.5 per cent

MSI shared the production figures with stock exchanges, which showed output of passenger vehicles, including Alto, Swift, Dzire and Vitara Brezza, was down 20.6 per cent y-o-y last month.

The decision was taken following a three-hour meeting at SBI’s head office in the capital Thursday evening between Jet Airways management and the lenders.

Jaitley said the debate on electoral bonds is “ill informed” and that the bonds are a step ahead from the earlier measures of using cheques and electoral trusts for political funding.

Over the last five years, Centre did not increase tax rates, and in some cases doubled the tax base, Arun Jaitley said.

While the move to link interest rates to an external benchmark was aimed at increasing transparency and speeding up transmission of rate cuts, many banks were against the RBI’s plan.

“In the light of the Supreme Court order, the RBI will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets,” Das said.

MacKenzie Bezos will also relinquish all her interests in the Washington Post newspaper and rocket company Blue Origin, she said in a tweet.

After a volatile session, the 30-share Sensex index settled 192.40 points, or 0.49 per cent, lower at 38,684.72. In a similar movement, the broader NSE Nifty slipped below the 11,600 mark.

The apex court quashing the February 12, 2018 RBI circular Tuesday has created widespread concerns on the future of stressed assets resolutions and the likely delays towards the same, apart from also reversing on the

In its first meeting in FY'20, the Monetary Policy Committee (MPC) of the Reserve Bank of India, headed by Governor Shaktikanta Das, Wednesday cut the key lending rate — repo rate — by 25 basis

Trump has repeatedly claimed that India is a "tariff king" and imposes "tremendously high" tariffs on American products.

Prosecutors took Ghosn from his apartment in Tokyo early in the morning, according to the state broadcaster NHK, which reported that the arrest was on suspicion of “aggravated breach of trust” related to payments to

The spike in stop filers, according to officials, could be due to loss of jobs or drop in income due to fall in economic activity following demonetization of Rs 500 and Rs 1,000 notes.

The platform would “target toll-operate-transfer models and acquisitions of existing road concessions”, they said in a statement.

Citing the challenges, Uday Kotak said the gross non-performing assets of IL&FS Financial Services has gone up to a staggering 90 per cent by the end of December 2018 compared to 5.3 per cent in

This growth will reverse two years of declining trend as reforms to improve the business and investment climate take effect, the ADO said.