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A significant portion of these dues is tied to cases pending before court-appointed committees
Finance

SEBI segregates Rs.76,293 crore dues under ‘difficult to recover’ category

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SEBI's 'difficult to recover' dues surge 4% in FY24 India’s stock exchanges regulator SEBI has segregated dues to the tune of Rs.76,293 crore under the...
Zee sought termination fees from two Sony Group entities: Sony Pictures Networks India, now known as Culver Max Entertainment and Bangla Entertainment
Law and Order

Zee seeks $90 million from Sony as termination fee after merger...

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Zee wants Sony to pay Rs.750 cr for calling off $10-bn merger deal Zee Entertainment Enterprises has sought a termination fee of USD 90 million...
The judgment marks a significant victory for the buyers involved, providing them with much-needed respite and legal recourse in their dealings with Value Infracon India Pvt Ltd
Laws

NCLT orders relief to home buyers cheated by real estate companies

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Home buyers' plan approved on Apr 28, 2022, was the basis for the Tribunal's decision In a significant development, the National Company Law Tribunal (NCLT)...
Indian aviation industry sees a modest uptick in domestic passenger traffic for November
Economy

Aviation Industry sees incremental growth in November, faces engine woes: ICRA...

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Estimated passenger load factor for Nov 2023 stood at approximately 88% The aviation industry in India saw a modest uptick in domestic passenger traffic for...
Majority owner in consortium that won stake sale for state-owned helicopter operator faces legal trouble
Commerce

Govt calls off Pawan Hans disinvestment for the third time as...

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Govt disqualifies highest bidder, annuls EOI process for sale of Pawan Hans The Government of India on Monday decided to call off the strategic disinvestment...
RP has filed an application with the NCLT seeking cooperation from promoters and erstwhile management of the company, for providing various data
Business

Review audit of Videocon hints at questionable accounting entries by promoters...

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Audit hints at questionable accounting entries by Videocon promoters A review audit of debt-ridden Videocon Industries has indicated that there may be certain "questionable accounting...
Amid cash crunch, Go First, a Wadia-group-owned airline has submitted a detailed report to the aviation regulator Directorate General of Civil Aviation
Business

Go Air says ‘serial failure’ of Pratt & Whitney engines forced...

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Pratt engine woes blamed for Indian airline’s insolvency filing In a big setback to the Indian aviation industry, Industrialist Nusli-owned airlines company Go Air on...
ZEE averts bankruptcy disaster, for now
Business

NCLAT stays insolvency proceedings against Zee Entertainment

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Insolvency proceedings by IndusInd Bank stayed In a major relief to media major Zee Entertainment Enterprises Ltd (ZEEL), the National Company Law Appellate Tribunal (NCLAT)...
Presenting the figures of the last five years in Parliament, Sitharaman has told that the loans stuck in the banks for the last five years have been transferred to the write-off account as per the RBI guidelines
Finance

Indian Banks wrote off loans amounting to Rs.10.09 lakh crores in...

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SBI wrote off the highest amount of bad loans in 2021-22 India’s banks have written off loans amounting to over Rs.10.09 lakh crore in the...
The financial services arm of the Aditya Birla Group has expressed intent to pick up 51% stake of Reliance Capital in Reliance Nippon Life Insurance Company
Business

Aditya Birla Capital to buy 51% stake in debt-ridden Anil Ambani...

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Aditya Birla Capital joins the race to acquire life insurer Reliance Nippon Life Aditya Birla Capital Ltd has joined the race to pick up stake...
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