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'Doesn't look good', SC tells Singh brothers

NEW DELHI: The Supreme Court on Thursday asked former Ranbaxy promoters Malvinder Singh and Shivinder Singh to apprise it how they propose to comply with the Rs 3500 crore arbitral award passed against them by a Singapore tribunal.A bench…

Sensex rises over 100 points; Nifty above 11,300

MUMBAI: The BSE benchmark Sensex rose over 100 points on Wednesday led by gains in banking stocks amid continued buying by foreign investors. The 30-share index was trading 134.95 points, or 0.36 per cent, higher at 37,670.61, while the…

Naresh Goyal tells Etihad no funds will ground Jet

NEW DELHI: Jet Airways chairman Naresh Goyal has sought an urgent interim funding of Rs 750 crore this week from Etihad. Nonreceipt of this funding could lead to grounding of Jet, Goyal said in a letter to Etihad Group CEO Tony Douglas on…

VCs click on smaller, niche e-tailers

BENGALURU: Top venture capital (VC) investors like SAIF Partners, Sequoia Capital India and Matrix Partners India are making about half a dozen early bets on a new set of e-commerce companies. These startups are catering to the next 100…

Nirav in London: New business, swanky home, more

NEW DELHI: Fugitive diamond merchant is staying in a swanky 8-million pound apartment in London's West End and is now involved in a new diamond business, a British daily reported on Saturday. Nirav Modi, who is the prime accused in over $2…

ONGC wrenches back 5 fields govt took away

NEW DELHI: Flagship explorer Oil and Natural Gas Corporation on Thursday wrenched from rivals the prolific Chinnewala Tibba gas field in Rajasthan, which it had discovered 15 back but lost after the government took it away for auctioning…