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Videocon Industries promoters seek fresh package for debt restructuring

The package would result in banks getting back Rs 33,400 cr from the company over the next few years

SC makes CEOs liable if telecom companies fail to pay AGR dues

CEO asked to furnish personal guarantee within four weeks; order alarms professional managers

A tale of jittery bankers, a stalled deal and GVK's Adani embrace

August-end loan deadline brought GVK to negotiating table

PSP, ADIA and NIIF breached airport agreement, says GVK group

The move led arbitral tribunal to vacate the order of injunction that had restrained Bidvest and ACSA from selling their shares to any third party, firm says in response to legal notice

Second blow for BoB as RBI rejects plan to send Anil Ambani firms to NCLT

An earlier Delhi HC order had stayed BoB and the entire consortium of lenders' move to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing

Reliance Retail to buy Future group's retail business for Rs 24,713 cr

Future group's brands include Big Bazaar, Easyday, Nilgiris, Central and Brand Factory

Future Enterprises board meet on September 7, to take up RIL deal today

Company's board to meet today on sale of retail arms to RIL

Tata Sons AGM: Mistry family raises questions over losses in group firms

The meeting, attended by Tata group CEOs and the group patriarch, Ratan Tata, was chaired by N Chandrasekaran, who countered the allegations made by the Mistry representative at the AGM

Tata Sons makes Rs 16,439 crore provisions for telecom business

For the fiscal year, at the consolidated level, the company's profit after tax has come down to Rs 10,916 crores from Rs 28,463 crores, mainly due to an increase in exceptional items

Share prices of Future group firms rise on hopes of deal with RIL

RIL entry will lead to Amazon's exit from promoter entity

Future Enterprises' board to meet on Saturday, to discuss raising funds

A source said the board would also look at the proposal to merge three other listed entities of the Future group with FEL

Tata Sons to outline group's digital strategy at AGM on Thursday

The e-AGM comes at a time when the group is facing significant challenges in each of its businesses, barring its software exporter firm, Tata Consultancy Services

Tata may sell stake in JLR, UK steel plant as talks with British govt fail

Tatas looking for partners in JLR, Steel unit may go lock, stock and barrel

Price Waterhouse quits as GVK Infra auditor, cites lack of information

"Details of information and explanations sought and still not provided is reiterated in our letter dated August 12, 2020 to the management," Price Waterhouse said in its letter

Videocon lenders to seek better offers before last call on liquidation

As economy picks up, they expect bidders to come back to table

India Inc faces rough weather in overseas biz; domestic ops take priority

Post-Covid-19, the action has shifted to the home market

India Inc's foreign loans fall 35% on Future Retail default, shaky economy

Interest rates have gone up to as high as 10%, making it uneconomical to raise funds from abroad

Signs of gradual recovery visible across different sectors in July

Retail sales of passenger vehicles and two-wheelers have touched almost 85% and 60% of pre-Covid levels, from a situation of zero sales in April

Top developers seek to cut debt by offloading assets in fire sale

Analysts say several have raised funds by selling rental-yielding assets, some second rung cash-strapped builders are asking their banks and financial creditors to take over half-completed projects

Tata group seeks financial partners to bid for crisis-hit Air India

Last date for submitting EoIs for Air India is August 31