New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that the Committee of Creditors of Essar Steel cannot discriminate between operational creditors of the debt-ridden firm.

The CoC of Essar Steel has divided operational creditors of the company into two types -- one with claims under Rs 1 crore and another above Rs 1 crore.

A division bench of the Bombay high court hearing a dispute between Kotak Mahindra Bank and the Reserve Bank of India (RBI) has adjourned the matter to January 9, 2020, because of “paucity of time”.

The division bench was hearing a petition filed by the private sector lender challenging an RBI directive of August 13, 2018.

An offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to actual customers.

The subsidiary, Wing Aviation LLC, now has the same certifications that smaller airlines receive from the U.S. Federal Aviation Administration and the Department of Transportation. It plans to begin routine deliveries of small consumer items in two rural communities in Virginia within months, the company said.

ITC has moved the National Company Law Tribunal (NCLT) against Hotel Leelaventure, alleging “oppression and mismanagement” of minority shareholders. ITC, which has a 7.92% stake in Hotel Leelaventure, has objected to a transaction involving the sale of properties by Hotel leelaventure to Brookfield.

ITC’s petition in the NCLT, Mumbai, noted that “….from the limited inspection provided, it became clear that the proposed transaction would have the effect of transferring a substantial part of the assets of Respondent No. 1 in favour of Brookfield for an amount of Rs 4,250 crore.

Maruti Suzuki on Tuesday rolled out the new Alto variant with a BS-VI compliant engine and enhanced safety and design features, priced in the range of Rs 2.94 lakh to Rs 3.72 lakh. The vehicle is costlier by around Rs 16,000-21,000 compared to the outgoing model.

Alto retained its crown as the best-selling passenger vehicle for the 15th consecutive year in FY19. Maruti Suzuki sold 259,401 units of Alto in 2019 fiscal year. This will be the second model by Maruti to be launched with a BS-VI engine. The company on Monday launched the updated version of its premium hatchback Baleno with BS-VI petrol engine.

Paytm Payments Bank’s market share in mobile-banking volumes slipped to 18% in February 2019 from 26% in February 2018 with Airtel Payments Bank entering the fray and incumbent HDFC Bank gaining some ground.

Data released by the Reserve Bank of India (RBI) show that Paytm recorded 133 million of a total 739 million mobile-banking transactions made during February 2019.

The ministry of corporate affairs (MCA) on Tuesday said it has recovered depositors’ money worth Rs 1,514 crore from the Peerless General Finance and Investment Company, which was pending with the entity for the last 15 years.

The money was recovered by the Investor Education and Protection Fund (IEPF) Authority, which is part of the MCA and has been set up for promotion of investor awareness and protection of the interest of investors.

Do you often take screenshots of your private chats on WhatsApp? As part of the company's security changes, a new authentication feature, if enabled, will prevent users from taking screenshots, according to WabetaInfo.

The Facebook-owned messaging app is reportedly testing a new fingerprint feature that would require users to scan their fingerprints to access chats.

The Reserve Bank of India (RBI) plans to buy Rs 25,000 crore worth of bonds in two installments from the secondary market in May, it has notified.

The first such open market operations (OMO) for the fiscal year 2019-20, amounting to Rs 12,500 crore, will happen on May 2. The date for the second auction has not been given.

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff competition from local online marketplace operators, including Alibaba, JD.com as well as the fast-growing Pinduoduo, Amazon's exit from e-commerce business would be the end of the company's 15 years of journey into the China market.

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