Lanco Infratech said the RBI has directed its lead lender IDBI Bank to initiate insolvency proceedings for the company under the bankruptcy code Source: Livemint.com (http://www.livemint.com/rss/industry)
The RBI has initiated prompt corrective action against Pune-based Bank of Maharashtra in view of a high level of bad loans and negative return on assets Source: Livemint.com (http://www.livemint.com/rss/industry)
China’s central bank PBOC boosted the supply of cash in the financial system to the most since January Source: Livemint.com (http://www.livemint.com/rss/industry)
Amazon expects to reduce headcount and change inventory to lower prices and make Whole Foods competitive with Wal-Mart Stores and other big-box retailers Source: Livemint.com (http://www.livemint.com/rss/industry)
Govt will also come out with the framework for a data security and protection policy, says Union minister for electronics and IT Ravi Shankar Prasad Source: Livemint.com (http://www.livemint.com/rss/industry)
Bombay high court granted HUL’s plea for an injunction against advertisements that Amul began airing in March Source: Livemint.com (http://www.livemint.com/rss/industry)
Airtel says Reliance Jio has adopted ‘predatory pricing’ to win market share by providing services below cost, which has severely hit the industry’s revenue, net income Source: Livemint.com (http://www.livemint.com/rss/industry)
Gujarat Pipavav Port Ltd plans to double its roll-on roll-off business over the next two years on the back of strong car exports from India Source: Livemint.com (http://www.livemint.com/rss/industry)
Chinese solar module manufacturers are reducing prices to drive sales in India as the US market has turned unprofitable following Donald Trump’s decision on Paris climate deal Source: Livemint.com (http://www.livemint.com/rss/industry)
Since its launch in September, Reliance Jio has managed to sign on over 100 million subscribers, on the back of free offers and competitive tariff plans Source: Livemint.com (http://www.livemint.com/rss/industry)
