The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea of HDFC to stay the sale of IL&FS headquarters in Mumbai's Bandra Kurla Complex (BKC) to Brookfield Asset Management. A two-member bench of the NCLAT said the sale of the property is as per the revised resolution framework approved by the appellate tribunal in March [...]
Market benchmarks climbed in early trade on Friday, bouncing back from the previous day's fall, following a positive trend in global equities and fresh foreign fund inflows. The BSE Sensex climbed 503.56 points to 59,412.91 after starting the trade on a positive note. The NSE Nifty advanced 157.15 points to 17,479.05. From the Sensex pack, [...]
Vehicle maker Ashok Leyland’s total vehicle sales rose 27 per cent to 18,571 units in February against 14,657 units in the same period a year ago. In the commercial vehicle section, the domestic sales of M&HCV recorded a growth of 42% in February 2023, at 11767 units, as compared to 8280 units in February 2022. [...]
Shares of Olectra Greentech appreciated to the tune of 8.79% on Thursday’s intraday trades to reach an intraday high of ₹ 540.00 apiece. Its shares closed 5.36% higher at ₹ 522.95 apiece. According to an exchange filing, the company’s electric tipper received India’s first homologation certificate from the Indian automobile regulatory agencies. The tipper is [...]
Indiabulls Housing Finance on Thursday announced a Rs 900-crore debt sale through a public issue of secured, redeemable, non-convertible debentures. The base size of the issue is only Rs 100 crore with a greenshoe option for an additional Rs 800 crore. The public issue opens on Friday and closes March 17, the company said in [...]
A former official of drug maker Wockhardt on Thursday settled with Sebi a case pertaining to alleged non-disclosure of adverse observations made by the USFDA about the company's manufacturing facility to the exchanges in 2013. Vijay Khetan, who was the compliance officer of Wockhardt, paid Rs 27.06 lakh towards the settlement charges to the capital [...]
The domestic steel industry has sought a roadmap to ensure 161 million tonnes of coking coal is available for scaling up the country's annual steel making capacity to 300 million tonnes by 2030. Coking coal and iron ore are the two key raw materials used for manufacturing steel through the blast furnace route. While iron [...]
Union minister Nitin Gadkari on Thursday invited Austrian companies to set up plants for manufacturing ropeways and cable car components and equipment in India. Gadkari, minister for road transport and highways, met Austrian delegation led by Ambassador of Republic of Austria to India Katharina Wieser. Gadkari informed the delegation that several ropeways and cable car [...]
Billionaire Anil Agarwal's Vedanta Resources Ltd on Thursday said capital is necessary for growth and nation building and companies borrow keeping in view growth prospects and ability to repay. Continuing its efforts to convince the investor community about debt being within manageable limits, Vedanta in a post on Linkedin said the company has always met [...]
Mahindra Lifespace Developers (MLDL) ended Thursday’s session 1.5 percent lower at Rs 364 levels. Over a horizon of 1 month and 6 months, the company has witnessed a fall of 2.10% and 2.8% respectively. On the contrary, if looked upon with a year of horizon, the company’s stock has observed an upside of around 26%. [...]
