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Changes in tax norms on slump sale deals may lead to litigation for firms

Changes will impact several M&A transactions, including internal restructuring by companies which were signed since April 2020.

Supreme Court to deliver judgement in Tata-Mistry case on Friday

A bitter legal and public battle between the two sides erupted when Cyrus Mistry, the scion of the Mistry family, was removed from Tata Sons' board as chairman in October 2016 by its board

Lifetime achievement award: Meet AM Naik, the Oracle of Indian engineering

A M Naik transformed L&T into an aggressive private sector company run by professionals, with a continuous focus on shareholder returns

Mukesh Ambani sees a 'tsunami of opportunities' for entrepreneurs

Indian entrepreneurs are now capable of providing world-beating quality at competitive costs, said the RIL chairman at the virtual 22nd Entrepreneur of the Year - India (EOY) 2020 Awards ceremony

DHFL debt resolution to spill over into FY22

The lenders expecting to resolve one of India's biggest default worth Rs 90,000 cr in March quarter will have to wait longer

Transferring bad debt to ARC at book value just window dressing: Experts

Asset valuation should be left to market forces to help attract investors and create a healthy distressed debt market, say experts.

Lenders to miss March-end deadline for Videocon resolution

In December last year, Vedanta had won the race to acquire Videocon Industries after banks sought consolidated plan from bidders

Banks to send more cases to bankruptcy courts even as old ones lie stagnant

Several roads, real estate and power companies are headed to the bankruptcy courts once the one-year ban imposed by the RBI lifts in the coming week

Govt to announce forensic auditing norms, bring clarity in fraud detection

Standards used now are not clear, resulting in hundreds of cases across India courts filed by borrowers, companies and individuals

Adani Green raises $1.35 bn to finance its renewable portfolio

The debt facility, with participation from 12 intl banks, would initially finance the company's 1.69 GW hybrid portfolio of solar and wind renewable projects to be setup in 4 SPVs in Rajasthan

Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse

An SP group source said the dues from Reliance Home Finance are to a joint venture company and not Shapoorji Pallonji alone

Mumbai 'cyberattack' puts focus on the need for greater security

India Inc leaders said they are taking sufficient action and investing in technology to prevent such attacks, especially since work-from-home became a norm

Piramal group gets RBI approval for debt-ridden DHFL's acquisition

Plans to merge DHFL with its financial services business

Lodha's Macrotech seeks debt moratorium as sales tank 69%, reveals DRHP

However, it managed to bring down its debt by 25% to Rs 18,662 crore. Issue proceeds of Rs 2,500 cr IPO will be used mainly to prune debt by another Rs 1,500 crore

Tata Sons dials banks to pay Rs 1,250 cr Tata Tele AGR dues and loans

March 31 is last date for paying 10% AGR dues as per Supreme Court order on telecom firms

AEML to bring additional 2000 mw power to Mumbai to plug outages, says CEO

AEML will increase renewable energy supply as part of Adani Group's commitment to lower carbon footprint, says Kandarp Patel.

Budget 2021: Govt lays out Rs 5.54 trn for capital creation in infra sector

Close to 8,500 km of road, highway projects being planned to be awarded by March 2022

Litigation turning out to be a big hurdle for IBC: Economic Survey

Cites World Bank's Ease of Doing Business report, which said it takes 1,445 days to resolve a commercial contract in India, versus 589.6 days in OECD high income countries, 120 days in Singapore

Aditya Birla Fashion buys 51% stake in luxury designer brand Sabyasachi

Founded by Sabyasachi Mukherjee, the "Sabyasachi" brand is India's largest and most influential luxury designer brand with strong Indian roots and global appeal

Indian Hotels, others in race to take over Mysuru's Lalitha Mahal Palace

The palace, currently run by JLR, will be offered to bidders on a long-term management contract