India to take on defaulters as parliament approves bankruptcy bill

The insolvency and bankruptcy code will strengthen the hands of lenders to recover outstanding debts by setting a deadline of 180 days for companies to pay or face liquidation The Rajya Sabha......

Ambitious new bankruptcy code may take years to clean up India's debt mess

Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors   A......

Banks crack whip on debt rejig

Govt asks lenders to focus on all defaulters not just high-profile ones Banks have given a stern message to companies under debt restructuring, especially steel firms: Shape up or ship out.The......

India eyes bankruptcy reform to ease decades of gridlock

The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of companies in India. A group of government-appointed advisors has recommended sweeping......

F1: Spyker renamed to Force India

Spyker's request to change its name to the Force India Formula One team next season has been accepted by the International Automobile Federation (FIA), the sport's governing body said on Wednesday.......