Essar Steel's major shareholder, Essar Steel Asia Holdings Ltd (ESAHL), moved National National Company Law Appellate Tribunal (NCLAT) on Tuesday, seeking rejection of ArcelorMittal's Rs 42,000 crore bid for the bankrupt company, alleging that its promoter Lakshmi Mittal  "suppressed vital facts".

Piramal Group chairman Ajay Piramal on Tuesday said that Piramal Enterprises and CPPIB is planning to list India’s first renewable energy-focused infrastructure investment trust (InvIT) in 6 to 9 months.

Two days after the 26th anniversary of Jet Airways, its founder and former chairman Naresh Goyal has penned an emotional letter to employees and compared their sacrifices greater and nobler by far. "I have been learning through the media of the various peace marches outside various city airports and prominent landmarks and am deeply moved. This deeply decent, selfless and self-sacrificing act of yours, is both venerable and humbling,” Goyal said in the letter.

Akshaya Tritiya, also known as Akti or Akha Teej, is the annual springtime festival of the Jains and Hindus.