February 23: Putting Focus Back On The Rs 11400 Crore PNB Fraud Case Involving Nirav Modi And Gitanjali Gems And Their Associate Companies. Uco Bank Is One Of The PSU Banks Which Has Exposure Of 2600 Crore Rupees. RK Thakkar, MD and CEO Of UCO Bank Says That The Bank Has Exposure Towards PNB Scam Via Gitanjali Gems In Hong Kong Branch Of Bank and Have Lodged The Claim With PNB.
February 23: IRPs Grapple With Claims & Counters On Validity Of Bids For 5 Steel Companies. Documents Submitted To Resolution Professionals Allege Violations Of Sec 29A. BTVI’s Siddharth Zarabi Joined Us The Exclusive Details.
February 23: FICCI President Rashesh Shah Met With The Finance Minister Today. The Industry Body Is Of The View That The Time Is Ripe To Privatise PSU Banks In A Phased Manner.
February 23: United States Food and Drug Administration (USFDA) Issues Form 483 With 3 Observations To The Sun Pharma’s Halol unit. We Caught Up With Nimesh Mehta, Founder Of Delta Advisor To Discuss This In Detail.
February 23: Usha Anantha-Subramanian, CEO Of Allahabad Bank And Chairperson Of IBA Spoke About Steps Undertaken By Banks To Plug Governance Gaps Including Linking Swift With Their Core Banking Systems.
February 23: Is Fortis Going The Satyam Way? As Per A Report From Ingovern Research, Accounts At Fortis Have Been Mismanaged With Loans And Advances Being Included Under Cash And Equivalents. The Company Has Also Not Published Its Second And Third Quarter Numbers. Shriram Subramanian, Author Of The Report Joined Us To Put Some Light On The Goings On At Fortis.
February 23: LN Mittal Says That He Has Not Heard About Any Rejection Of His Bid For Essar Steel. He Further Adds That They Are Only Interested In Essar Steel.
February 23: On This Episode Of Call BTVI, Our Experts K Subramanyam And Rahul Randeria Discuss Trades In L&T, Moil, Pfizer, Jindal Steel & Power, YES Bank, AB Capital, Future Retail, HEG NHPC And Sterlite Technologies.
February 23: Hear Out Dipen Sheth, Head Of Institutional Research At HDFC Securities Who Says That High Yields In US, Inflation Fear In India Pulled Markets Down And Market May See An Extended Period Of Volatility.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1