To overcome the impact of lockdown due to COVID-19, the Mistry group had applied for a one-time loan restructuring with a group of lenders led by State Bank of India in mid-September 2020 when it had faced cash flow problems leading to a Rs 200-crore default on a commercial paper issued to the Union Bank of India.from Moneycontrol Business News https://ift.tt/tUdWNP3
Indigo, Indiaâs second largest airline, will initiate another 6.5 percent hike from November 2022 in case there are no further disruptions.
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"Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed with acquiring the balance 35.60 per cent shares through a merger process or a secondary acquisition," the statement said.
The acquisition, if all goes well, adds a feather to its cap. We see Axis Bank gradually narrowing its valuation discount to its private peers as it executes its growth strategy with prudence.
The company owned by billionaire Kumar Mangalam Birla will invest the amount mainly across its businesses in India and North America.
The watchdog had conducted an inspection of HDFC, which was registered with the regulator as Category II Registrar to an Issue and Share Transfer Agent, on September 30 to October 9, 2019, for the period April 1, 2018 to July 30, 2019.
DVC will hold 49 per cent and NTPC Renewable will hold 51 per cent in the JV company to implement renewable energy parks and projects including those approved under Ultra Mega Renewable Energy Power Parks Scheme and CPSU scheme. DVC did not provide any further details. Sources said this JV will execute GW size projects.
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The order for the package for Baiji Refinery in Iraq has been placed by Northern Refineries Company (NRC), a National Oil refinery company owned by the Ministry of Oil, Iraq.
The launch is the first such test since South Korea and the United States agreed last year to end decades of restrictions on the South#39;s ballistic missile and rocket development, and comes less than a week after North Korea conducted its highest missile test yet.
IRDAI has issuedĆ guidelines for surety bonds, which come into effect on April 1. Contractors will be allowed to use these bonds as a substitute for bank guarantees for government contracts
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Bitcoin#39;s dominance dropped by 0.02 percent to 42.17 percent, as per CoinMarketCap data. The world#39;s largest cryptocurrency traded at Rs 36.44 lakh in early deals on Wednesday.
India#39;s KABIL, a mining joint venture between state-run firms National Aluminium Co, Hindustan Copper Ltd and Mineral Exploration Corp Ltd, has signed a preliminary agreement with Australia#39;s Critical Minerals Facilitation Office (CMFO), the Indian government said on Tuesday.
Indian companies are snapping up Russian oil as it is available at a deep discounts after some companies and countries shunned purchases from Moscow due to sanctions against Russia for its Ukraine invasion.
The post becomes vacant only in November 2022. With this, we have a situation where the two biggest stock exchanges in India are hunting for CEOs simultaneously
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A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
Any curbs on exports by the world#39;s second biggest sugar exporter could lift global sugar prices that have been supported by lower output in top producer Brazil and firm crude oil prices, which encourages mills to produce more sugarcane-based ethanol.
The first-of-its-kind Metaverse Fashion Week is hosting shows and digital experiences through a four day event from March 24-28
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Located in the Bur Dubai area, the retail office will house a team of the company#39;s travel experts to guide customers in planning holidays and provide a hassle-free booking experience, EaseMyTrip said in a statement.
The fleet could comprise 1770 new small and 440 medium and large aircraft, Head of Airline Marketing India and South Asia, Airbus, Brent McBratney said.
The collaboration will allow Ather Energy customers to avail instant loans from the two private lenders at low-interest rates and with a maximum LTV (Loan-to-value), a release said.
Global banks including Citigroup Inc, JPMorgan Chase Co and Societe Generale face pressure to commit to remaining as custodian banks in Russia, as rivals and funds fret they may lose services critical to future investment in the country.
Savvy investors should look out for the lows and add systematically and not fret and panic. Similarly, it makes immense sense to take profits at the upper end of the range in these highly volatile markets
Sources said ICICI Securities and Credit Suisse have been roped in to help the Tata Group backed hotel chain raise funds from a clutch of local and global institutional investors
TCS head for Communication, Media Information Services Kamal Bhadada told PTI that the company is already helping telecom operators across the globe in managing their networks, swapping equipment and technology providers.