IL&FS

IL&FS fiasco: Sacked directors defend their role in company

Highlighting some of the crucial attempts by the independent directors informed that an offer was made by Ajay Piramal to buy ILF&S at a price Rs. 600-650 per share. But the proposal was turned down by the Life insurance cooperation of India (LIC) Oct 3, 2018
Elon Musk

Elon Musk steps down as Tesla chairman; will remain CEO

The businessman has been charged with misleading investors with his tweet in August claiming that he planned on taking Tesla Inc. private for $420 a share. Now, Tesla Inc. and Musk will have to pay $20 million each to financial regulators. Sep 30, 2018
Indian Army soldier

Indian Army all set to get new rifles and carbines

US-based SIG Sauer small arms manufacturer's SIG 716 battle rifle and United Arab Emirates-based Caracal's CAR 816 CQB carbine have emerged as lowest bidders in their respective categories. Sep 30, 2018