SFIO Files Cheating, Criminal Conspiracy Charges Against IL&FS Directors, Two Auditors

SFIO said that the auditors did not follow practices to bring out true and fair picture of the accounts.

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SC Orders Status Quo In Essar Steel Insolvency, Halts Payment By ArcelorMittal

The NCLAT had said that it could ask the ArcelorMittal to deposit Rs 42,000 crore in a separate account or with the Ahmedabad branch of the NCLT in the next hearing scheduled for April 23.

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Dept. Of Telecom Examining Rcom- Jio Spectrum Deal

The DoT has already served a show-cause notice on RCom for defaulting on the Rs 21-crore spectrum payment.

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Uber To Announce $3.1 Billion Deal With Careem

Careem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.

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Crawford & Co. Sues Cognizant Over Implementation Issues

In 2018, as the second phase of implementation experienced greater problems, with no remedy from Cognizant, Crawford tried to resolve the problems with Cognizant’s work,” the suit said.

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Oil Prices Drop On Economic Slowdown, Remain Supported By OPEC, US

OPEC’s de-facto leader Saudi Arabia said on Sunday that balancing oil markets was far from done as inventories were still high.

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Jio Rolls Out Great Opportunity To Global Investors For Its Optic Fibre InvIT

Chairman Mukesh Ambani had announced plans to launch Jio GigaFiber at the 2018 AGM.

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Indian Businesspersons Suffer A New Worry, Shadow Lenders Keep Them Off Financing Channel

The twist in India is that founders have relied on such funds to bankroll risky attempts to build business groups into bigger conglomerates, often with forays into real estate.

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Despite 9 Y.O Government Ban On FDI, Philip Morris Paid Indian Partner To Make Cigarettes

Ahead of the 2010 ban, Philip Morris formed a new wholesale trading company with Godfrey.

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Operational Creditors Appeal To ArcelorMittal For Payment Over ₹1 Crore Dues From Essar Steel

Essar Steel’s operational creditors with large dues include the national oil marketer IndianOil with over Rs 3,500 crore of dues.

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