The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Tuesday turned down Reliance Industries’ application to be heard as an operational creditor.

RIL opposed ArcelorMittal India’s Rs 42,000 crore resolution plan for Essar Steel before the two-member bench of Harihar Prakash Chaturvedi and Manorama Kumari.

Even as the Reserve Bank of India (RBI) on Monday extended the timeline for issuers of wallets and other prepaid payment instruments (PPIs) for completing the know-your-customer (KYC) registration by six months, industry players said the inability to carry out the eKYC remotely will continue to be a pain point.

Only a day after the Indian Air Force (IAF) destroyed the biggest Jaish-e-Mohammed terror camp in Pakistan, the existing tension between the two countries after the Pulwama terror attack has escalated further.

Meanwhile, External Affairs Minister Sushma Swaraj on Wednesday raised the recent Pulwama suicide attack on the CRPF soldiers in her bilateral meeting with Chinese Foreign Minister Wang Yi, a day after India destroyed a major terror training camp in Pakistan.

In the wake of air strikes carried out by the Indian Air Force (IAF) on terror camps in Pakistan's Balakot, the Maharashtra government has called for office bearers of the School & Co. Bus Owner's Association to ensure the safety of school children keeping the prevailing situation in mind.

State-owned Bank of Baroda (BoB) has floated an expression (EoI) of interest to sell its non performing assets worth over Rs 5,928 crore, including its Rs 1,838 crore loan to cash-strapped Reliance Communications.

The bank has identified loans to 49 companies, including two power firms run by GVK (totalling Rs 357 crore), GMR Chhattisgarh Energy Ltd (Rs 218 crore), and Monnet Power Company (Rs 199 crore), for sale.

The rupee on Wednesday opened 4 paise lower at 71.11 against the US dollar. On Tuesday, the domestic unit snapped its gains of previous two sessions and closed 10 paise lower at 71.07 amid fears of escalation in geopolitical tensions, following Indian fighter jets' air strikes on Pakistan-based terror camps.

Besides this, rising global crude oil prices also impacted the rupee movement.

An Air India employee, who was hit by an IndiGo bus carrying passengers to an aircraft at Bengaluru airport on Saturday evening, is “stable and improving” at a hospital, said the spokesperson of the national carrier Monday.

In response to a specific query from PTI about the employee’s health, Air India’s spokesperson said, “Employee is stable and improving in hospital.”

State Bank of India on Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) against Jet Airways.

On Sunday, officials associated with lenders and key shareholders said SBI was considering moving the tribunal seeking insolvency proceedings against Jet Airways since it is running out of money for operations.

Kerala: Two coaches of Chennai-Mangalore Express train derailed near Shoranur in Palakkad district in the early hours of Tuesday.

No injuries or casualties were reported so far.

Mumbai: After Motilal Oswal and IIFL's commodity derivatives trading arms, the Securities and Exchange Board of India (Sebi) on Tuesday declared Geofin Comrtrade Ltd and Anand Rathi Commodities Ltd as not 'fit and proper' to do commodity derivatives trading.

The firms will need to transition the commodity trading business to other unrelated entities within 45 days.

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