Raigad police quiz Edelweiss MD, officials for 8 hours

ECL Finance Company MD and three officials were on Tuesday quizzed for nearly eight hours by the Raigad police in Maharashtra probing the alleged suicide of film art director Nitin Desai, an......

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Raigad police in Maharashtra on Friday registered a criminal case against five persons including Edelweiss Group chairman Rashesh Shah for alleged abetment of art director Nitin Desai's suicide.......

Police find Nitin Desai's voice notes critical of creditor firm

In one of the voice notes found after his alleged suicide, Bollywood art director Nitin Chandrakant Desai criticised a financial services firm to which his company owed money, the police said on......

Govt names former SC judge Ashok Bhushan as NCLAT president

The government has appointed Justice Ashok Bhushan, a former judge of the Supreme Court, as chairperson of the National Company Law Appellate Tribunal (NCLAT). Besides, it has appointed Justice......

Zee, Sony amicably settle disputes over their failed merger, to withdraw claims

ZEE Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed $10-billion merger and have agreed to......

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash......

ITC Hotels demerger gets shareholders nod

Diversified entity ITC on Thursday said it has received shareholders' approval to demerge ITC Hotels into a separate entity. Image: ITC Maratha, Mumbai. Photograph: Kind courtesy, ITC Hotels......

Zee seeks $90 million from Sony for calling off merger

Zee Entertainment Enterprises has sought a termination fee of $90 million (around Rs 748.7 crore) from the Sony Group for calling off the $10 billion merger deal in January this year. Photograph:......