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NCLT rejects IDBI Bank's insolvency plea against Zee Entertainment

Lender has the option to move appellate tribunal to appeal against the order

Nexus Select Trust, country's first pure-play REIT, rises 4% on debut

Firm's IPO was subscribed 5.4x, units were proced at Rs 95-100 a share

Edtech major Byju's sued by an agent connected to its $1.2 billion loan

The lawsuit was filed by Glas Trust Company and investor Timothy R. Pohl against Byju's Alpha, Tangible Play, Inc. and Riju Ravindran

Container Corporation of India announces FY23 dividend of Rs 2 per share

Concor's Q4 profit after tax (PAT) came in at Rs 278.5 crore, with operations revenue of Rs 2,166 crore

In Tamil Nadu, Airtel surpasses 2-million customer mark on 5G network

Airtel was the first to roll-out 5G in the country and Chennai was one of the first eight cities to get ultrafast Airtel 5G Plus

Manyavar's OFS fully subscribed, garners nearly 1.4 times more bids

The floor price for the OFS has been set at Rs 1,161

APSEZ sets new record, handles highest ever rail cargo of 121 MMT in FY23

In FY23, APSEZ generated around Rs 14,000 crore in revenue from rail cargo for Indian Railways

SGX Nifty will be renamed as GIFT Nifty from July 3, confirms NSE

On April 17, SGX had issued a circular on migrating all Nifty positions to NSE IFSC

VIL still needs additional liquidity to survive, says Vodafone Group

Vodafone Group owns 32.29% stake in VIL while Aditya Birla group owns 18.07% stake in VIL after the government picked up 33% stake in the loss-making company

Chemplast Sanmar Q4 results: Net profit declines 80% to Rs 46 crore

For the full year, revenues were lower by 16% as compared to the last year - however, sales volumes of almost all the products were higher on a Y-o-Y basis

IRDAI lowers the solvency requirement for surety bonds to 1.5 times

Removes 30% exposure limit on each contract

Market regulator Sebi plans to expand QIB base to boost bond market

Looks to include SFBs and multi-state cooperatives, among others

Ministry of corporate affairs notifies timelines for fast-track M&As

Experts however said that while the government move is a step in the right direction, on the ground the implementation would be hard

Mondelez International names Samir Jain as president of India business

Jain joins Mondelez International from Bunge India, where he led the business as managing director for the last 10 years

LIC's new business premium drops 50% to Rs 5,810.1 crore in April

LIC's group single premium declined 65.76% to Rs 2899.63 crore in April while individual single premium dropped by 23.07% to 1014.47 crore

NSE posts consolidated net profit of Rs 7,356 cr; revenue at Rs 12,765 cr

The exchange earns from trading and other revenue lines, including fees from listing, index services, data services and colocation facilities

Amazon implements India layoffs to reduce workforce globally: Report

The downsizing round is part of the layoffs announcement made in March by Amazon CEO Andy Jassy, which was expected to impact 9,000 employees

Dish TV Institutional shareholders call for EGM, seek to remove 2 directors

The notice said the Board is acting at the behest of certain minority shareholders holding merely 4 percent stake in the company

Cognizant's new platform offers responsible AI for enterprise customers

Platform has a library of reusable generative AI models and agents, development tooling, and control components including API and access management, versioning, and auditing

Fertiliser firm Coromandel International's Q4 profit up 18% at Rs 290 cr

Company says 'strong growth' in products portfolio helped performance