NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,158 crore, as a personal guarantor of two group companies.Admitting a plea from State Bank of India (SBI), NCLT said Venugopal Dhoot has “committed defaults in repayment…
WILL IT VROOM AGAIN? Vettel races at Budh circuit during his victorious Indian GP run in 2012 New Delhi: India has renewed its push to bring Formula One racing back to the country after a 13-year hiatus, with sports minister Mansukh Mandaviya expressing confidence on Monday that the premier motorsport event could return as early…
Asian markets opened on a stronger note on Tuesday lifted by lower oil prices and hopes of US-Iran talks. US dollar reflected cautious optimism over renewed diplomatic efforts between Washington and Tehran, even after a breakdown in weekend peace talks.In Seoul, financial markets reacted positively to the prospect of a deal. The benchmark KOSPI surged…
Rajasthan Royals’ captain Riyan Parag (AP Photo/Anupam Nath) Rajasthan Royals captain Riyan Parag played down his side’s heavy defeat to Sunrisers Hyderabad, calling it just a minor setback and urging his team to move on quickly. RR were handed a crushing 57-run loss after being blown away early in the chase of 217. The damage…
Planning a bank visit this week? You might want to check your city’s bank holiday list first! Bank holidays in India often vary from state to state, depending on the event, occasion and regional festivals. With no single uniform calendar followed across the country, your bank trip might be wasted in case the day turns…
Rameshbabu Vaishali (File Photo/Getty Images) Joint-leader R Vaishali (7 points) needs to beat last edition’s winner Tan Zhongyi in the 13th and penultimate round on Tuesday, with black pieces, to give herself a good shot at the women’s candidates chess title in Cyprus after Monday’s rest day. However, that will be easier said than done.Of…
Oil prices eased below the $100 per barrel mark on Tuesday on hopes of easing United States–Iran talks aimed at ending the ongoing war. The news provided some relief amid fears over supply disruptions due to the Strait of Hormuz blockade.Brent crude futures slipped $1.86, or 1.87%, to $97.50, while US West Texas Intermediate (WTI)…
Rajasthan Royals’ Vaibhav Sooryavanshi (ANI Photo) Vaibhav Sooryavanshi’s meteoric rise in the Indian Premier League 2026 season has turned him into one of the most talked-about young cricketers in the country. The 15-year-old from Samastipur, Bihar, has been in sensational form, and his growing stardom has also brought increased attention off the field. However, amid…
Emkay Global Financial Services has initiated its coverage of Avenue Supermart (D-Mart) with a sell rating and the target price at Rs 3,700. Analysts said the stock, trading at 70x forward price-to-earnings (P/E) ratio prices in a business D-Mart needs to become, not what it is. Quick commerce players are now only 4-13% pricier than…
MUMBAI: Life Insurance Corporation of India on Monday approved a 1:1 bonus share issue, a move that will double its paid-up equity capital and is expected to improve stock liquidity and retail participation, while leaving its financial strength unchanged. The board, at its meeting on April 13, cleared the bonus on a record date to…