Alibaba affiliate Ant Financial may lead $600 million funding in Zomato

Ant Financial will see its stake touch almost 29%, making it the largest shareholder in Zomato, ahead of InfoEdge. It has been backing Zomato since it picked up a 14.7% stake in February last year.

Suzlon Energy denies reports it filed for bankruptcy, stock slumps by 9 pc

Troubled renewable energy solutions provider Suzlon on Monday denied reports suggesting that it has filed for bankruptcy and will soon be

FM Sitharaman announces Booster 3.0 with focus on Real Estate and MSMEs

Finance Minister Nirmala Sitharaman on September 14, announced third set of measures to boost the economy. In a bid to arrest the current slowdown, Finance Minister Nirmala Sitharaman on Saturday announced the government’s third set of measures to revive the…

Anil Ambani in troubled waters yet again

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Reliance Marine, a subsidiary of the Anil Ambani-led Reliance Naval and Engineering, under the insolvency and bankruptcy code (IBC) proceedings almost two years after the application was first filed, as per ET reports.

Ruias unable to block Lakshmi Mittal’s entry into Indian steel market

The National Company Law Tribunal approved Luxembourg based steel company ArcelorMittal to take over Essar Steel.

Before Budget: 7 corporate scams that robbed India’s economy

India is aiming towards achieving a 5 trillion-dollar economy by 2024. Investors around the world are showing great interest in the rapidly growing economy. Still, the country’s very own citizens are sometimes afraid of investing their money in the stock market.

Air India pilots demand Rs 1200 cr pending dues before disinvestment

Air India pilots body demands payment of Rs 1,200 crore arrears ahead of carrier’s disinvestment

Tata eyes Jet Airways assets to give further wings to Vistara

Jet Airways had told bankers as much when they sought to interest the group in a rescue plan before the carrier was sent to the bankruptcy court. The focus for the Tata Group will be assets it can use to step up and tap the space created by the exit of Jet, officials said.

AdiGroup partners with Jet employees to bid for 75 pc stake in the airline

Jet Airways Employee Consortium on Friday announced their partnership with AdiGroup to bid for the acquisition of 75 per cent stake in debt-ridden Jet Airways through the National Company Law Tribunal (NCLT) process.

Leelaventure alleges oppressive tactics by minority shareholder ITC

Promoters for Hotel Leelaventure on Monday told the National Company Law Tribunal that minority shareholder ITC was trying to scuttle their deal