OBC approaches NCLT to initiate insolvency proceedings against Simbhaoli Sugars

Simbhaoli Sugars Limited, one of the largest sugar mills in the country, has sugar units in Uttar Pradesh and Gujarat. Read more »

SpiceJet chief hints at fare hikes in next few months

Rising fuel prices, falling rupee and intense competition are taking a toll on the profitability of airlines. ATF accounts for a significant chunk of an airline's operational expenses. Read more »

Tata Communications’ customer head quits

Tata Communications managing director Vinod Kumar, "will assume oversight of the sales organisation effective immediately," the company said in a BSE regulatory filing. Read more »

Corporate Affairs Ministry summons Deepak Kochhar in ICICI Bank controversy

NuPower Renewables and NuPower Wind Farms are among the six companies whose books are being inspected by the ministry. Read more »

Over 55,000 thefts reported in trains in last 3.5 years: Railways data

According to data collated by Indian Railways, between January and June this year, 9,222 cases of thefts of passengers' belongings were registered. Read more »

Power projects heading to NCLT may get to retain fuel supply pacts

A high-level empowered committee considered these special dispensations to the troubled projects to help their lenders recover a fair value. Read more »

No question of a monopoly in telecom sector: Manoj Sinha, Telecom Minister

Sinha told that they have not fixed targets but BSNL is a good player in the mobile market and we are seriously contemplating that 4G spectrum should be given to it. Read more »

Bharti Infratel revenue, Ebitda may dip till FY20: Analysts

UBS says Bharti Infratel would see “a 10-12% decline in revenue and 15-18% fall in operating income" till FY20. Read more »

Sebi may summon Kochhars soon; board to discuss coordinated efforts with govt, RBI

The cases under scanner include the significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of Kochhar's family members in the restructuring of that loan.... Read more »

Indian paper industry growing at 6-7%, says industry official

At present in India the per capita consumption of tissue paper is low at 123 grams compared to other countries, Century Pulp and Paper CEO JP Narain explained. Read more »