Corporates

Both the airlines are set to sign a memorandum of understanding (MoU) within days, which would result into stepping down of Jet Airways founder Chairman Naresh Goyal from the board of directors, the report said.

Rana Kapoor stepped down as CEO on January 31 after the bank's founder completed his truncated term, the lender said in a statement.

In late December, the government modified rules around foreign direct investment in e-commerce, creating additional hurdles for the retail giants.

Lenders lost out on 4,000 crore rupees in additional income due to delays in the resolution process beyond the time mandated by law, according to rating company ICRA.

The NCLT also said that there is no illegality in the decision taken by the Committee of Creditors (CoC) on selecting ArcelorMittal.

Shares of Dewan Housing fell by as much as 12.3 per cent to hit a low of Rs 162.20 before recovering somewhat to close at Rs 169.70.

Etihad Airways could see its stake rise to more than 40 per cent from 24 per cent if it injects more equity in the carrier.

New foreign investment restrictions will, from February 1, bar e-commerce companies from selling products from firms in which they have an equity interest.

In an "open letter" on Friday, Zee and Essel Group Chairman Subhash Chandra apologised to bankers, NBFCs and mutual funds.

JSW, India's biggest steelmaker, and Duferco had a prepayment deal in 2006 for $150 million in upfront cash that would be repaid over seven years with steel cargoes, but the scale of the proposed new deal is much larger.

Snapdeal said it had updated its technological processes and expects to comply and go through a "smooth transition" on February 1.

ZEEL stock gained 16.64 per cent at Rs 372.50 a share, up Rs 53.15 from its previous close on the BSE.

Coffee Day Enterprises has said it would take required action in the next few days to get a part of shares of IT firm Mindtree, released by the Income Tax Department.

At a shareholder meeting scheduled for February 21, Jet Airways said it will seek approval for their lenders to appoint a nominee director to the board.

The NBCC told the court that it has floated tenders for completion of two projects - Eden Park and Castle - of Amrapali and would start construction in the month of February.