News digest: RBI board meeting, Tata-Jet Airways deal, CBI vs CBI, and more

In a nine-hour meeting at the RBI headquarters, the central bank's board decided to constitute an expert committee to examine the economic capital framework (ECF) of the central bank

Govt, RBI find middle path

The government and the Reserve Bank of India (RBI) seemed to have ironed out their differences for now, as both camps showed flexibility on a number of issues that were considered to be flashpoints between the two. Read more

Jet deal flies into rough winds with Tata bosses 

“No’’ is getting louder than “yes” in the Tata-Jet deal talks, sources close to the development said. Top representatives of the Tata group — the salt-to-software conglomerate — have red-flagged “reputational issues” of Naresh Goyal-led Jet Airways, from the time of inception of the airline, including sources of its funding. This could adversely affect the progress of a deal between the two. Read more

SC allows UltraTech to take over Binani

The Supreme Court (SC) on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT’s) order approving UltraTech Cement’s revised bid for stressed asset Binani Cement, and dismissed a plea by the Dalmia Bharat-led consortium. Read more

NSA Ajit Doval interfered in probe: Officer

The internecine feud in the Central Bureau of Investigation (CBI) turned murkier on Monday with a senior officer, M K Sinha, dragging the names of National Security Advisor (NSA) Ajit Doval, Union minister Haribhai Parthibhai Chaudhary and CVC K V Chowdhury over alleged attempts to interfere in the probe against CBI Special Director Rakesh Asthana, who has been divested of his duties and sent on leave along with his boss. Read more

Nissan’s Carlos Ghosn arrested for financial misconduct

Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy. Read more