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UPL shares slump on fund-diversion charge; firm denies allegations

The stock closed at Rs 438 a share, down 10.94 per cent, with a market capitalisation of Rs 33,499 crore

Tatas reject Mistrys' settlement offer to divide Tata Sons' assets

Tata Sons' counsel, Harish Salve said the Mistrys are seeking division of assets including 18.4 per cent stake in Tata brand

Maldives appoints Mumbai-based Bobby Mohanty as new honorary Consul

The appointment is significant as India-Maldives relationship has been on an upswing for the last two years after the visit of Prime Minister Narendra Modi

Electricity costs to fall sharply thanks to RE boom, predicts Gautam Adani

Thanks to renewable power boom, the marginal cost of electricity will continue to drop sharply and India will emerge as the least expensive producer of renewable energy, he said

Mistry can't cry mismanagement after group valuation shot up, Tatas tell SC

Tata Sons counsel Harish Salve says all Tata companies are doing well, making money; Mistry must prove lack of probilty and impact on his rights while complaining

Mistry stake valued at Rs 80,000 crore at most, says Tata group in SC

This is in response to Rs 1.78 trn sought by Mistry family; Tata Sons counsel says NCLAT judgement setting aside Chandra's appointment went beyond the scope of judicial review

RIL raises $1.4 bn in overseas debt to prepay Reliance Holding's loans

14 banks signed up for a deal last week that will give RIL the distinction of raising the highest debt from international lenders by an Indian firm

RIL's multi-billion-dollar deals help Morgan Stanley top M&A league table

The US-based bank has advised 25 transactions with values touching as much as $28 bn; BoFA is second in the chart

Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence

A top Tata group official said the group is really interested in getting into banking but it is too early to elaborate as only recommendations are out and work is in nascent stage

Lenders to debt-ridden DHFL set to seek consensus on final offers

Piramal had revised, in the second round, its bid to Rs 25,000 crore for the retail books. That includes deferred payments in seven years with interest worth Rs 3,000 crore.

Piramal revises offer for DHFL's retail book to counter Adani bid

Revised offer by Piramal not opened till going to press; Oaktree retains its offer at Rs 31,000 cr, Adani remains highest bidder

PMLA clean chit to Chanda Kochhar may help Videocon debt recast plan: Dhoot

The company's promoter Venugopal Dhoot said their application is currently pending with the Committee of Creditors, which will soon vote on their proposal

Explained: Why Piramal group is objecting to the Adani's bid for DHFL

Listen to the podcast to know about the latest row over DHFL bid

Peeved Piramal says will quit race for DHFL over Adani's 11th-hour bid

Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them

Top firms exit fertiliser biz on delayed subsidy payouts, falling margins

Birla's sale of fertiliser arm comes within two years of Tata's exit from sector

Govt's emergency credit line 2.0 to help India Inc revive, expand

The stressed sectors identified by the panel include aviation, power, construction, steel, roads and real estate.

Tough legal battle ahead for Future group as it loses arbitration case

Corporate lawyers say Indian courts usually go along with orders given by foreign arbitration courts as witnessed in several cases before

YES Bank in talks with ARCs to sell bad debt worth Rs 32,344 crore

Lender names EY as advisor, has already made provisions for Rs 24,476 crore, or 76% of its gross NPA

Govt likely to get tax bonanza under Mistry exit plan, say experts

A legal source said the Mistrys would have to sell shares in listed Tata companies to pay the tax (if Tata Group agrees to the Mistry plan) and lower their stakes in them

Lenders seek EoIs for Reliance Capital stake in insurance biz, other assets

December 1 deadline for submitting EoIs; bids also invited for its MF assets where RCap holds 49% stake