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Government issues model guidelines for states to curb Ponzi schemes Government issues model guidelines for states to curb Ponzi schemes

To protect consumers from Ponzi frauds, the Centre today issued model guidelines for states to regulate direct selling and multi-level marketing businesses while prohibiting pyramid structures as well as money circulation schemes.

Companies may need minority shareholders' nod on special rights to PEs

Markets regulator Sebi is considering asking companies to seek minority shareholders' approval before granting special powers relating to operations of the firms to non-promoters such as private equity investors.

Indiabulls Housing Fin's maiden NCD to kick off on Sep 15 Indiabulls Housing Fin's maiden NCD to kick off on Sep 15

Indiabulls Housing Finance (IHFL) will launch its first-ever issue of non-convertible debentures (NCDs) for retail customers on September 15 to raise Rs 7,000 crore.

M&M launches new Bolero at Rs 6.59 lakh M&M launches new Bolero at Rs 6.59 lakh

Homegrown auto major Mahindra & Mahindra today launched a new Bolero with mHawk D70 engine priced at Rs 6.59 lakh (ex-showroom Mumbai) for the SLE BS4 variant.

GSK sells anaesthetics to Aspen for up to $370 million GSK sells anaesthetics to Aspen for up to $370 million

GlaxoSmithKline is to sell its portfolio of anaesthetic drugs to South Africa`s Aspen Pharmacare for up to 280 million pounds ($372 million) as part of a drive by the British drugmaker to focus on core therapy areas.

RCap to transfer commercial finance biz to separate firm RCap to transfer commercial finance biz to separate firm

Paving the way for stake sale in its commercial finance unit with a loan portfolio of about Rs 16,500 crore, Reliance Capital has got shareholders' approval for the transfer of this business to a separate company.

Four Indian-American entrepreneurs awarded in US

Four prominent Indian Americans and three Americans have been awarded by a Houston-based chamber of commerce for their outstanding work as entrepreneurs and "building bridges" between India and the US.

Snapdeal pumps in Rs 200 crore for brand overhaul Snapdeal pumps in Rs 200 crore for brand overhaul

Eyeing an "aspirational India", Snapdeal has invested Rs 200 crore in rebranding activities and also unveiled a new logo as the e-commerce major focuses on wooing the next 100 million potential online shoppers.

Patanjali bullish on international markets, to launch 'swadeshi' jeans Patanjali bullish on international markets, to launch 'swadeshi' jeans

Yoga guru Ramdev-owned Patanjali group is all set to explore international markets with its FMCG products and may also enter Pakistan and Afghanistan in future.

Vodafone, BSNL ink pan-India 2G intra-circle roaming pact Vodafone, BSNL ink pan-India 2G intra-circle roaming pact

 Private operator Vodafone and state-owned BSNL have inked a countrywide 2G intra-circle roaming agreement to provide better telecom services to their respective customers.

Vijay Mallya PMLA case: ED to attach fresh assets Vijay Mallya PMLA case: ED to attach fresh assets

Two days after beleaguered businessman Vijay Mallya told a Delhi court that he felt "incapacitated" to travel to India despite his "best intentions" as his passport has been revoked, the ED has started working on issuing a third attachment order worth a few thousand crore of rupees more against him.

Direct selling companies barred from charging entry fee from agents Direct selling companies barred from charging entry fee from agents

The Centre has decided to bar direct selling companies such as Amway, Tupperware and Oriflame from charging any entry fee from agents or compelling them to buy back unsold stocks.

AirAsia prohibits use of Samsung Galazy Note 7 on its flight AirAsia prohibits use of Samsung Galazy Note 7 on its flight

Malaysian no-frills carrier AirAsia Berhad which runs a joint venture airline with Tata Sons in India, on Saturday prohibited the use of Samsung Galaxy Note7 mobile devices on its flight as well as some of the subsidiary airlines, including AirAsia India.

Lanco Infratech's net loss widens to Rs 449 crore in Apri-Jun quarter

Lanco Infratech's (LITL) consolidated net loss widened to Rs 448.88 crore during the quarter ended June 30, 2016.

 Bhushan Steel's net loss narrows in Q1 to Rs 656.21 crore Bhushan Steel's net loss narrows in Q1 to Rs 656.21 crore

Bhushan Steel on Saturday said its standalone net loss has narrowed to Rs 656.21 crore for the quarter ended June 30, 2016.

Trai debunks industry body allegations, seeks apology Trai debunks industry body allegations, seeks apology

Stung by allegations of COAI over keeping the lobby group out of its meet with telecom players on Friday, regulator Trai has asked the cellular operators' body to take back its words and apologise for "malafide and patently wrong" statement, a source said.

Call drops reducing; auctions to improve services: Telecom Minister Call drops reducing; auctions to improve services: Telecom Minister

The call drop menace has reduced over the last two months, Telecom Minister Manoj Sinha said today even as he cautioned operators that the service quality has to improve further or they will be "out of the sector" that has an "open and competitive market".

Want to come to India but passport revoked: Vijay Mallya to Court Want to come to India but passport revoked: Vijay Mallya to Court

Vijay Mallya wants to return to India but he is "incapacitated" to travel despite his "best intentions" as his passport has been revoked by the Indian authorities, the liquor baron's counsel told a city court on Friday.

Engineers India Ltd offers equity to its employees as part of disinvestment

As part of the disinvestment process, state-owned Engineers India Ltd (EIL) will sell part of the government stake to its eligible employees at a discounted price of Rs 187.29 per unit, a move that will fetch about Rs 31.5 crore to the exchequer.

HPCL says decision on Rs 37,000-cr Raj refinery likely soon

A final decision on the much-delayed Rajasthan refinery, to be set up by Hindustan Petroleum Corporation for an estimated over Rs 37,000 crore, but has run into a political quagmire, is expected within a few months.