Trade bodies impose 12-hr bandh in Nagaland over 'illegal taxation'

Shops were closed and goods transport vehicles remained off the roads in a 12-hour shutdown called by trade bodies across Nagaland on Thursday over alleged illegal taxation by Naga political groups......

Securitisation, reconstruction firms

The Reserve Bank of India on Wednesday said every securitisation company or reconstruction company should maintain, on an ongoing basis, a capital adequacy ratio of not less than fifteen per cent......

Heineken can now buy extra stake in United Breweries

While UB is the country's largest beer company, Heineken is the world’s second-largest brewer after Anheuser-Busch InBev. Photograph: Paulo Whitaker/Reuters The Competition Commission of......

Govt fast-tracks bill to seize assets of defaulters fleeing India

Currently, confiscation can be done through multiple laws, but it is a complicated process.Arup Roychoudhury and Indivjal Dhasmana report. Illustration: Dominic Xavier/Rediff.com Stung by the Rs......

Banks can sell Mallya's properties, shares worth Rs 5,646 cr

Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of......

Pune's MCA stadium 'taken over' by banks over non-payment of loan

MCA blamed its financial troubles on non-receipt of payments from the Board of Control for Cricket in India for the last 10 months. IMAGE: The Maharashtra Cricket Association's international......