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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.

A key part of the resolution plan proposed by the lenders, and cleared by Jet Airways’ board, was conversion of the airline’s debt into equity for a notional value of Re 1 per share picking

US demanding greater market access for its agricultural, dairy products and medical devices.

On Tuesday, Jet Airways informed the exchanges that it has grounded 15 planes due to default on lease rentals.

Income Tax Return (ITR) Filing 2019-20 Last Date, Process, Status Online: For those who have become taxpayers recently, the understanding of the filing process and required documents is necessary. Here are all the details about

The growth forecast for India has some downside risks such as moderation in global demand as financial conditions tighten, uncertainty arising out of global trade tensions, and the weak economic outlook in industrial countries, the

At the Interbank Foreign Exchange, the rupee opened at 68.72 per dollar and advanced to a high of 68.37 during the day. It finally settled at 68.41, up 33 paise against its previous close of

The Supreme Court Tuesday quashed the stringent RBI circular which mandated banks to recognise even one-day defaults.

The list analysed billions of data points generated by LinkedIn's over 610 million members around the world to come up with a blended score used to rank the winners in each geography.

Debt-laden Jet Airways which had a total fleet of 119 planes has been grounding aircraft in tranches due to non-payment of dues to lessors.

The Supreme Court on Tuesday quashed the RBI circular issued last year that pertains to the provisions for declaring a company bankrupt even on a one-day overdue.

Last Monday, Jet’s founder Naresh Goyal stepped down from the airline’s board as chairman enabling the lenders to extend a lifeline of Rs 1,500 crore of funding support and initiate a bidding process to rope

Riding on the continued buying by foreign portfolio investors and expectation of a rate cut by the Reserve Bank in its monetary policy meeting this week, the benchmark Sensex at the BSE gained 184.78 points

In case realtors do not exercise the option, they will be covered under the lower tax rate of 5 per cent and 1 per cent with effect from April 1, 2019, and will not be

The latest data also comes ahead of the RBI’s first monetary policy for the ongoing fiscal year, which will be announced on April 4, with markets expecting a rate cut.

Siva Group of companies is a borrower of IL&FS Financial Services Ltd (IFIN) and has defaulted on loan repayment of about Rs 500 crore since 2011, said a source.

Days after the Ethiopian plane crash, India also joined the long list of countries which banned the use of Boeing 737 Max aircraft.

Bitcoin's surge sent smaller cryptocurrencies, known as "altcoins," trading higher. Ethereum's ether and Ripple's XRP, respectively the second- and third-largest coins, both jumped by more than 10 percent.

EPF Pension Scheme, EPFO Private Sector Employees Pension Scheme: The Employees’ Provident Fund is a retirement benefits scheme that was structured to provide financial security to employees of factories and other establishments. The Supreme Court

Via its order, the RBI had issued various instructions aimed at resolution of stressed assets in the economy, including introduction of certain specific schemes at different points of time.

Indian equities rally has been fuelled by hopes of an RBI rate cut and positive global sentiment following robust Chinese macroeconomic data and progress in US-China trade talks.

The 737 Max will remain grounded for at least several more weeks, prolonging a crisis that has engulfed Boeing.

If the NPAs owned by the public sector banks are taken into account, then the merged entity will account for 32 per cent of Rs 27,602 crore bad loans that existed in Gujarat.

The IL&FS Group with total liabilities of Rs 94,000 crore has also come under the scanner of the Enforcement Directorate (ED) for alleged money laundering.