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| Govt aiming for 5G services launch by Aug 15 next year |   | COAI urges the government to reduce the 5G spectrum base price by more than half |   | RBI's recent norms on income recognition, asset classification, and provisioning may spike NPAs for NBFCs, says ICRA |   | Centre's proposed cryptocurrency 'regulation' may shift investors to equity |   | Indian Oil's Mathura refinery receives environmental clearance for expansion project |  

Corporate Watch

Indian banks are after Mallya’s superyachts, cars & paintings

PW Bureau  In an attempt to accumulate around US$ 1.3 billion in debt from Mallya, a group of Indian banks are seeking documents that would confirm the “true ownership” of the assets New.......

RCom finally presents itself at NCLT’s doorsteps

PW Bureau  The debt-laden telecom company is seeking to repay lenders, sell asset and cut its Rs 42,000 crore loan in 270 days  Mumbai: Reliance Communications Ltd is soon set to.......

Vedanta shares fall following purchase of Anglo American stake

PW Bureau  Cairn India Holdings Ltd (CIHL), a fully-owned foreign subsidiary of Vedanta, paid Rs 1,431 crore to buy stake in Anglo-American from its parent Volcan Investments Limited  New.......

Shares of Jet Airways rise after accepting Etihad bailout conditions

PW Bureau In the coming days, both the airlines are likely to sign an MoU, which would result in Jet Airways founder Chairman Naresh Goyal stepping down from the board of directors New.......

NCLT shoots down Essar Steel settlement proposal

PW Bureau Over 92 percent of creditors to Essar Steel voted for handing over the company to global steel giant ArcelorMittal Netherlands BV Ahmedabad/Mumbai: The Ahmedabad bankruptcy court has.......

Jet Airways cancels 19 flights as 4 Boeing aircraft grounded

PW Bureau One aircraft each has been grounded at Delhi, Mumbai, Chennai and Bengaluru airports due to which flights have been cancelled, a source said New Delhi: Financially battered Jet Airways.......

Data shows Indian airlines are monopolising the sky

PW Bureau According to air travel intelligence company, 188 air routes have direct flights run by just one airline on that route, including Kolkata-Lucknow, Hyderabad-Raipur, Mumbai-Kanpur,.......

IL&FS Rail used shell firms to create fake invoices: I-T

New Delhi: IL&FS Rail Ltd, an IL&FS Transportation Networks Ltd subsidiary, has used accommodation entries from “shell companies” to procure false expenses worth crores.......

Jet Airways looks at shareholder approval to convert debt into equity

PW Bureau  At a specially convened meeting on February 21, shareholders will vote on its proposal to convert part or all of its loans  New Delhi: In an effort to heal its financial woes, Jet.......

SEBI clarifies lock-in period for warrants

PW Bureau  A warrant is a derivative that provides the right — not the obligation —  to purchase or sell a security, mostly equity, at a particular price before it expires  New Delhi: The.......

At 64, Vedanta Chairman has no plans to hang boots or bequeath the crown to kids

PW Bureau  Saying Vedanta is “too big to have a family succession plan,” Agarwal also pointed out that his son Agnivesh or daughter Priya may not head the group New Delhi: For Vedanta.......

L&T retains guidance despite 12% y-o-y decline

PW Bureau  The industrial conglomerate committed to achieve the 12-15 percent revenue forecast and order flow growth by 10-12 percent in FY19 New Delhi: Concerns that Larsen and Toubro Ltd.......

To turn the tide for IL&FS group, govt is planning asset sales

New Delhi: In an attempt to turn around infrastructure lender IL&FS’ fortune, the government and the appointed board of directors of IL&FS have planned a series of quick asset sales in.......