MUMBAI: With Alok Industries headed into liquidation, its employees are making a last-ditch effort to save the debt-laden company that is a source of livelihood for about 18,000 people.An employees' trust has filed an interlocutory application at the National Company Law Tribunal (NCLT) against the proposed shutting down of the ...
MUMBAI: Booking of more than half-a-dozen former and current top-level bank executives for alleged corruption in the sanctioning of loans to C Sivasankaran has chilled the system at state-run banks. The development has brought indecision back to the system at a time when it was slowly emerging from the shock ...
MUMBAI: Indian debt usually offers sufficient cash-and-carry to overseas funds, and Mint Street late last week ensured that it stays that way.The spread between one-year US dollar-based LIBOR (London Interbank Borrowing Rate) and one-year Indian Treasury bill is about 400 basis points – enough to induce foreign funds to borrow ...
NEW DELHI: The domestic equity market started the week on a strong note as key benchmark indices logged big gains in the opening trade on Monday. The S&P BSE Sensex reclaimed the crucial 35,000 level and was trading 190 points higher at 35,160. On similar lines, the broader Nifty50 index ...