With the deadline for the resolution of at least 60 large assets — each above Rs 2,000 crore — set to expire on August 27, banks are staring at a big jump in provisions as insolvency proceedings will need to be initiated for these accounts. The list of assets includes around 34 from the power sector involving a bank exposure of approximately Rs 1.74 lakh crore.

In a development that takes it closer to averting bankruptcy proceedings, Reliance Communications (RCom) has secured approval of its overseas bondholders for the revised terms. The Anil Ambani-owned company had defaulted on a $300-million bond last year.

In a meeting held in London on Friday, over 83 per cent of those holding the bonds, now due in 2020, cleared the plan.

Paytm Payments Bank is still not allowed to add new customers and there is uncertainty over when this restriction would be lifted, said Paytm founder and Chief Executive Officer Vijay Shekhar Sharma.

At a mutual fund summit on Thursday, Sharma said he had a meeting with Reserve Bank of India (RBI) officials on the issue earlier during the day, but refrained from divulging details of the meeting.

Ashok Leyland has bagged an order to supply Tracked Vehicles for the Indian armed forces. The tender is meant for developmental work and marks Ashok Leyland's foray into tracked vehicle business.

As per the scope of the work, the company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE)

Railway University in Vadodara: India’s very first Railway University at Vadodara in Gujarat, which is the brainchild of Prime Minister Narendra Modi, is all set to begin classes on Teachers’ Day next month i.e., on September 5, 2018. According to an IE report, 103 students have already been shortlisted for the two undergraduate courses, which will be offered by the university in the first year. Out of the selected candidates, there are 17 girls for whom there is a separate hostel. The two undergraduate courses are a Bachelor of Business Administration in Transport Management and a Bachelor of Science in Transportation Technology.

The technique of money-making in stock markets is one of the biggest things that a person wants to become expert as stock market returns are far bigger than regular investment options such as fixed deposits (FDs), post office savings scheme, recurring deposits (RDs), insurance schemes. But stock market investments also possesses abnormal risks and due to huge unpredictabilities and uncertainties in stock markets, a large number of people end up in making a plenty of bad decisions.

The National Company Law Appellate Tribunal has provided partial relief to Cyrus Mistry by asking Tata Sons to not force the former to sell his shares in the company.

However, the court said it would decide on the conversion of Tata sons into a private company after final arguments. The next date is September 24.

Jet Airways under its ‘International Flight Sale’ scheme is offering flight tickets for as low as Rs 4,299 to the flyers. Booking tickets under this offer allows passengers to one-way flight tickets to any of the 20 destinations on offer across the globe including popular tourist destinations such as Colombo, Bangkok, Dubai, Paris and others. Nevertheless, in order to avail a round trip, flyers need to pay nearly Rs 9,999. The Jet Airways offer ends August 25.

Ashok Leyland has bagged an order to supply Tracked Vehicle space for the Indian armed forces. The tender is meant for developmental work and marks Ashok Leyland's foray into tracked vehicle business.

As per the scope of the work, the company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE), Chennai for the manufacturing, assembly and testing of lightweight clutch for the design and development of weight optimised 1500hp Automatic Transmission for Main Battle Tanks.

The thirty-seventh annual general meeting (AGM) of the country’s largest carmaker, Maruti Suzuki, was somewhat unusual. With a multi-year high market share of about 52 per cent in the world's fifth-largest car market, the company's shareholders want more.

A few shareholders now want the company to move up the ladder and explore an entry into the luxury car segment. At the AGM held in the capital on Thursday, one of the shareholders pointed out to the management that it was time for Maruti Suzuki to consider competing with the likes of the German luxury trio — Mercedes-Benz, BMW, and Audi.

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