New Delhi, Feb 18 (PTI) As part of the resolution process, the RBI-appointed administrator on Friday invited expressions of interest (EoIs) for sale of debt-ridden Reliance Capital promoted by Anil Ambani Group. The RBI had on November 29 last year superseded the board of Reliance Capital Ltd (RCL) in view of payment defaults and serious [...]
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) 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 [...]
New Delhi, Feb 18 (PTI) State-owned CIL on Friday said the second half of the current fiscal year has remained tough for the country's coal sector with decrease in coal imports and tripling of international coal prices. Beside, the prolonged monsoon in the coal-bearing areas made the situation more challenging. Facing this situation, Coal India [...]
New Delhi, Feb 18 (PTI) IT company HCL Technologies has extended its relationship with The Royal Automobile Club of Victoria (RACV) with a multi-year agreement to provide Integration-as-a-Service offering. The company did not divulge the size of the contract. As a motoring club, RACV is a member-driven organisation that provides a range of products and [...]
New Delhi, Feb 18 (PTI) Public sector Bank of Baroda on Friday said it has subscribed to 99,000 shares of asset reconstruction company India Debt Resolution Company Ltd (IDRCL). The acquisition is subject to execution of investment agreement. "Bank of Baroda has subscribed to 99,000 shares of India Debt Resolution Company Ltd (IDRCL)," the bank [...]
