New Delhi, Feb 18 (PTI) The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by budget carrier Go Airlines against an order passed by the NCLT allowing withdrawal of insolvency proceedings against Sovika Aviation Services. The Mumbai bench of the National Company Law Tribunal (NCLT) had on September 23, 2021 allowed the [...]
New Delhi, Feb 18 (PTI) Gujarat Mineral Development Corporation (GMDC), a leading mining public sector enterprise and the largest lignite seller in the country, on Friday said it has received the approval from the environment ministry to mine the Tadkeshwar lignite block in Gujarat up to the depth of 135 meters. The company had earlier [...]
New Delhi, Feb 18 (PTI) Equitas Small Finance Bank (SFB) on Friday said it has fixed the price for its proposed QIP issue at Rs 53.59 per share. The bank in October 2021 had said that it will raise up to Rs 1,000 crore through a qualified institutional placement (QIP) in order to fulfil the [...]
New Delhi, Feb 18 (PTI) The Centre has made available 4.36 lakh tonnes of fertilisers to Chhattisgarh so far for the rabi (winter sown) season as against the requirement of 3.61 lakh tonnes. In an official statement, the Ministry of Chemicals and Fertilisers said as on February 17, 2022, 4.36 lakh tonnes have been made [...]
New Delhi, Feb 18 (PTI) Realty firm Godrej Properties Ltd has committed investments worth USD 700-900 million in the last three years and continues to be extremely bullish on the Indian real estate sector, a senior company official said. Addressing a CII-Anarock conference, Godrej Properties Ltd (GPL) MD and CEO Mohit Malhotra said the company [...]
New Delhi, Feb 18 (PTI) Jindal Stainless on Friday said it has entered into a pact with National Institute of Food Technology Entrepreneurship and Management (NIFTEM) to work towards skill development, entrepreneurship, and academic cooperation. As part of the signed MoU, Jindal Stainless and NIFTEM will collaborate on multiple fronts and take up research and [...]
New Delhi, Feb 18 (PTI) IDFC FIRST Bank on Friday said its board has approved the appointment of former economist and IFS officer Jaimini Bhagwati as an additional director on its board for three years. Based on the recommendation of the nomination and remuneration committee, the board of directors of the bank has approved the [...]
Beijing, Feb 18 (PTI) France has become the first country to join China to jointly build seven infrastructure projects worth over USD 1.7 billion in Africa, South East Asia and Eastern Europe, in a boost for Beijing in the face of its growing hostility with the US. Following up on the recent virtual meeting between [...]
New Delhi, Feb 18 (PTI) State-owned hydro power giant NHPC has incorporated a wholly-owned subsidiary for clean energy business, including green hydrogen. As per a BSE filing, the new company -- NHPC Renewable Energy Ltd -- was registered with Registrar of Companies, NCT of Delhi & Haryana, on February 16, 2022. The development comes against [...]
New Delhi, Feb 18 (PTI) The Delhi High Court has referred to a three-member arbitral tribunal the dispute between Vijay Kumar Munjal and Pawan Munjal of the Munjal Group concerning the latter's usage of the “Hero” trademark for his electric vehicles business.Justice Vibhu Bakhru, while dealing with the petition filed by Vijay Kumar Munjal and [...]
