DHFL is in talks to sell both its retail and wholesale loan portfolio and is also looking for an equity infusion by bringing in a strategic partner and is in final stages of completing the deal, a senior official involved in the restructuring talks said.
Besides, cases of tax credit availment by issue of fake invoices were of Rs 11,251 crore in 2018-19 and Rs 2,805 crore in April-June of the current fiscal, Minister of State for Finance Anurag Thakur said.
The debut of OYO Workspaces follows a multi-brand approach with introduction of three brands -- Innov8, which is an upper mid-scale brand, Powerstation, a mid-scale brand, and Workflo, which is an economy brand.
The government has instituted a comprehensive 4R#39;s strategy for recognition of non-performing assets (NPAs) transparently, resolution and recovery of value from stressed assets, recapitalising of public sector banks (PSBs) and reforms in PSBs so as to reduce their bad loans.
Johnson & Johnson hiked its full-year operational sales forecast as strong demand for its cancer drugs Darzalex and Imbruvica helped it beat estimates for second-quarter profit on Tuesday.
Werner Mueller, the founder of German chemicals group Evonik and a former economy minister, has died aged 73, the company said on Tuesday.
The indices touched intra-day highs of 39,174 level at the Sensex and 11,670 level at the Nifty50
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notices to the Central and Delhi government on the petition and listed the matter for further hearing on October 15
Hong Kong retailers said on Tuesday they expect sales for July and August to drop by double-digits from a year earlier due to large and sometimes violent protests that have gripped the Chinese-ruled city for more than a month.
Oil prices rose on Tuesday as tensions in the Middle East outweighed the impact of a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil.
Russian oil major Rosneft-backed Indian refinery Nayara Energy said on Tuesday it will be investing $850 million to expand into petrochemical.
Argentina's world-famous ranchers are culling their breeding cows at the highest rate in 30 years and tapping Chinese demand for meat in order to help pay their bills as access to credit has dried up for farmers in South American's No. 2 economy.
Delhi University DUET Result 2019 declared: This is the first time National Testing Agency conducted the entrance examination that was conducted from July 3 to 8, 2019
Indian hotel startup Oyo said on Tuesday it has bought local co-working venture Innov8, as the SoftBank-backed hospitality chain looks to venture into the commercial real estate business under the brand name Oyo Workspaces.
After Pakistan closed its airspace following the Balakot air strikes of February 26, Air India suffered a financial loss of around Rs 491 crore
Executives may jump ship to get the expected hikes
Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months.
Standalone health insurers posted 41.6% growth in Q1, growing faster than the industry.
The plan is being prepared after the government's attempt to partially exit the carrier failed to attract any bidder last year
Iran's supreme leader, Ayatollah Ali Khamenei, said on Tuesday Iran would respond to Britain's "piracy" over the seizure of an Iranian oil tanker in Gibraltar.