RBI supersedes Reliance Capital board, to start insolvency process

Nov 29, 2021

New Delhi [India], November 29 : The Reserve Bank of India (RBI) on Monday superseded the board of directors of Reliance Capital Ltd (RCL)...

Pilot assault incident: Indigo forms internal panel, putting passenger on 'no-fly list' under consideration

Jan 15, 2024

After the incident of alleged assault against an Indigo pilot, the airlines have formed an internal committee on Monday to address the matter, the...

Sitharaman announces decriminalisation of Companies Act defaults

May 17, 2020

New Delhi [India], May 17 : In order to provide relief to the companies amid COVID-19 pandemic, Union Finance Minister Nirmala Sitharaman on Sunday...

Asia-Pacific corporates face escalating risks, defaults mount: Moody's

Mar 06, 2024

According to the report, by the end of 2023, the share of ratings with a stable outlook in the Asia-Pacific corporate portfolio had declined...

Sintex defaults on NCDs interest amount, blames liquidity crisis

Dec 30, 2020

Gandhinagar (Gujarat) [India], Dec 30 : Sintex Industries said on Wednesday it has not been able to pay the interest amount of Rs 3.6...

SriLankan Airlines fined by Delhi court for violating Indian law

Jan 29, 2021

New Delhi [India], January 30 : Patiala House Court has imposed a fine of Rs 50,000 against SriLankan Airlines for violating Indian law by...