Supplier says Flipkart not 'economically viable', NCLT initiates insolvency

New Delhi (IANS) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Walmart owned e-commerce company, Flipkart for defaulting on Rs 18 crore payment to one of its suppliers.

The Bengaluru bench of NCLT has…

Karnataka HC stays NCLT order against Flipkart

New Delhi (IANS) The Karnataka High Court has stayed the order of National Company Law Tribunal (NCLT) which had initiated solvency proceedings against Flipkart.

"Karnataka High Court has stayed the order of the NCLT in favour of Flipkart.…

Markets hit fresh highs on hints of more boosters

Mumbai (IANS) Indian markets on Wednesday logged fresh highs after Finance Minister Nirmala Sitharaman hinted more boosters for the pivotal real estate sector.

Sensex hit fresh life time high of 40,606.91 while the Nifty surpassed the key 12,000…

India added 1,300 start-ups in 2019, including 7 unicorns

New Delhi (IANS) India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US, according to a new report from industry body National Association of Software…

Sensex opens over 100 points higher, Yes Bank jumps 5%

Mumbai (IANS) Sensex and Nifty opened higher on Tuesday over firm global cues and slightly better than expected earning results so far.

Meanwhile, Yes Bank shares jumped nearly 5 per cent after marquee investor Rakesh Jhunjhunwala picked up…

DoT can initiate action against Airtel promoters

New Delhi (IANS) In a major disclosure, as per the assumption of all liabilities by Airtel under the Scheme of Arrangement with Tata Teleservices, the flow of recovery process available to the Department of Telecommunications (DoT) includes initiating…

Sensex hits life-time high, crosses 40,400

Mumbai (IANS) The Indian equity markets opened on a firm note on Monday as the benchmark Sensex touched a fresh all time high of 40,434.83 during the early trade.

Sensex jumped nearly 250 point, gaining for the seventh straight session over…

Ashok Leyland to enter Russian market

Chennai (IANS) Commercial vehicle major Ashok Leyland Ltd will enter the Russian market with a local partner in a year's time, said a top company official.

He also said the company plans to enter the top 10 global commercial vehicle manufacturer's…

India decides against joining RCEP mega trade deal

Bangkok (IANS) India on Monday decided against joining the 16-nation Regional Comprehensive Economic Partnership (RCEP) mega trade agreement, saying the present form of the deal "does not address satisfactorily India's outstanding issues and concerns".

IOC close to plastics-to-oil tech breakthrough

New Delhi (IANS) Indian Oil Corporation, the country's largest PSU refiner and retailer, is about to complete a research that could throw up one of the biggest breakthroughs and help the government eliminate all single-use plastics from the country…