The IL&FS board has initiated the process of exploring the sale of controlling stakes in its renewable energy assets.

To plug gaps in its budget before the general election next year, government on Wednesday said it will seek an interim dividend from the Reserve Bank of India for this fiscal year as it's a matter of principle, government official privy to the developments told CNBC-TV18.

Jet Airways promoter Naresh Goyal has agreed to sell his controlling stake in the cash-strapped airline and give up operational control, multiple sources familiar with the matter said.

Yes Bank, India’s fourth largest private lender, has drawn up a draft proposal for discussion between its warring promoters, Madhu Kapur and Rana Kapoor, which could potentially result in their reconciliation. The draft proposal, which CNBC-TV18 has reviewed, has laid out the terms of appointment of directors, a vital bone of contention between the promoters.