Outstanding Dues

The debt-ridden jewellery company said, under the approved terms and conditions of the OTS, the settlement includes a combination of cash and equity components. Additionally, the proposal involves the release of securities and mortgaged properties held by the banks.

Good time to buy Petronet, IGL, Bata: Tulsian

The best buys for the day, market analyst SP Tulsian of sptulsian.com, points out on CNBC-TV18, are Petronet and IGL irrespective of the Delhi High Court‘s decision to be issued on May 3.

Kingfisher pays second installment to I-T dept: Sources

The loss-laden airlines had paid Rs 44 crore last month as its first installment to the Income Tax department. Overall, the airline has outstanding dues of Rs 349 crore.