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Top 10 biz headlines: CCD crisis, RBI's fine print on NPAs and more

From sale of Ather Energy electric scooters hitting 1 million by 2023 to RBI allowing domestic banks to sell NPAs abroad, here are the top business headlines on Wednesday

Ather Energy
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Tarun Mehta (left) and Swapnil Jain’s start-up Ather Energy, which commercially launched two electric scooters in 2018, expects to sell over 10,000 vehicles in Bengaluru, Chennai and Hyderabad this year

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CCD founder V G Siddhartha missing since Monday, massive search on

V G Siddhartha, the founder of India’s largest coffee chain, Café Coffee Day (CCD), went missing on Monday night en route to the coastal Karnataka city of Mangaluru, with a letter purportedly written by him showing he was under “tremendous pressure” from lenders and one of the private equity partners (PEs). 

A massive search operation involving teams of the National Disaster Response Force (NDRF), Coast Guard, Home Guard, fire services and coastal police continued throughout Tuesday, but didn’t yield any result. Read more...

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First Published: Jul 31 2019 | 7:59 AM IST

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