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NCLT issues notices to Malvinder Singh, directs status quo over RHC Holdings

The National Company Law Tribunal (NCLT) Thursday issued notices to Malvinder Mohan Singh, ex-Religare chief Sunil Godhwani and others, and also directed them to maintain status quo over the shareholdings and composition of the RHC Holdings board on a plea by younger brother Shivinder Singh.

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Petrol prices hit new high, near Rs 87 in Mumbai; check revised rates in metros

Petrol prices soared to fresh record highs on Thursday across the four metros. In case of national capital Delhi, petrol price rose above Rs 79.50.

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IL&FS defaults on Rs 10 billion short-term loan from SIDBI: Sources

Facing intense liquidity pressures, Infrastructure Leasing and Financial Services (IL&FS) has defaulted on a loan repayment to Small Industries Development Bank of India (SIDBI), according to sources.

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India Inc’s hiring outlook bullish; automation not a risk factor yet, says UBS survey

Riding high on strong demand conditions, companies are willing to raise their staff level, and the pace of hiring is expected to be faster than last year, says a UBS survey.

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