Anil Ambani’s Reliance Communications to file for bankruptcy after failing to repay debt

The company’s board said lenders had received zero proceeds from the asset monetisation plans over the past 18 months.

Scroll Staff

· Feb 02, 2019 · 03:14 pm

‘Disappointed and shocked’: Chanda Kochhar reacts to ICICI Bank’s decision to sack her

The former ICICI Bank CEO said she had not been given a copy of the inquiry report that found her guilty of violating the private lender’s code of conduct.

Scroll Staff

· Jan 30, 2019 · 10:32 pm

Full text: Chanda Kochhar violated code of conduct, has to return bonuses, says ICICI Bank

The bank’s board took the decision after Justice (retired) BN Srikrishna concluded his independent inquiry into allegations of impropriety against Kochhar.

Scroll Staff

· Jan 30, 2019 · 07:49 pm

National Company Law Tribunal rejects Essar Steel promoters’ settlement offer

The Ruia family made the offer on the day the Committee of Creditors approved ArcelorMittal’s resolution plan for the insolvent company.

Scroll Staff

· Jan 29, 2019 · 10:20 pm

Promoters of Dewan Housing Finance involved in Rs 31,000-crore scam, alleges Cobrapost

Cobrapost claimed 32 Indian banks had sanctioned loans worth Rs 50,000 crore to the company without conducting due diligence.

Scroll Staff

· Jan 29, 2019 · 07:59 pm

Videocon loan case: CBI files FIR, searches company’s offices in Mumbai and Aurangabad

The agency also searched the offices of NuPower, which was founded by former ICICI Bank CEO Chanda Kochhar’s husband, and Supreme Power.

Scroll Staff

· Jan 24, 2019 · 12:55 pm

Maintaining financial stability is top priority, says RBI Governor Shaktikanta Das

Das, who spoke at the Vibrant Gujarat summit on Friday, said growth – fuelled by private consumption and investment – was expected to be sustainable.

Scroll Staff

· Jan 19, 2019 · 11:13 am

Amul sends legal notice to Google India for fake ad campaigns on its platform

The advertisements used Amul’s name and lured people to do business with the Gujarat-based firm.

Scroll Staff

· Jan 17, 2019 · 02:07 pm

Central body has not released FDI data in the last six months, despite inputs from the RBI: Report

The data, which is published every quarter, was last published in August 2018, for the April-June quarter.

Scroll Staff

· Jan 16, 2019 · 12:03 pm

Flipkart co-founder Sachin Bansal invests Rs 150 crore in Ola, say reports

The cab-hailing firm had recently received $74 million from its current stakeholder Steadview Capital.

Scroll Staff

· Jan 15, 2019 · 10:25 am

Supreme Court allows Monsanto to claim patent on genetically modified cotton seeds

The top court’s verdict set aside the Delhi High Court’s ruling against the world’s biggest seed manufacturing company.

Scroll Staff

· Jan 08, 2019 · 10:49 pm

Anil Ambani gets Supreme Court notice on Ericsson’s contempt plea over dues

The company owes Rs 550 crore to the Swedish telecom major.

Scroll Staff

· Jan 07, 2019 · 12:42 pm