Most of the first lot of 12 companies referred to NCLTs across India last June were reaching a deadline for the closure of their resolution process this month. However, last minute legal challenges have seen as many as seven of these big bad debt cases getting extended beyond the 270-day deadline.
Girish Wagh, President - CV Business at Tata Motors says the company is likely to invest over 1500 crore in the CV business.
Anupam Jindal, CFO at Sterlite Technologies says the company aims to expand capacity To 50 million From 30 million currently by June.
RS Jalan, MD at GHCL says the company saw significant improvement in profit in Q4, margins improved to 25% Vs 22% earlier.
John Owen, Group CEO at Mastek aims to hit 200 million dollar revenues going forward.
Relief for ABG Shipyard and its lenders. The litigation period will be excluded from insolvency process of ABG Shipyard. Chetan Bhutani has the exclusive details.
Investigative agencies are probing links between Essar Group and Kochhar family after details have emerged that one of Essar Group's offshore companies invested in Chanda Kochhar's husband Deepak Kochhar's Nu-Power. Shantanu Guha Ray joined us with the details.
In the race for Bhushan Power & Steel, the resolution professional has accepted Liberty's bid for the company. Chetan Bhutani joined us with the exclusive details.
Jatin Dalal, CFO at Wipro is confident that external factors will stabilise, core biz should pickup.
In talks to sell MF and broking units for Rs 600 Cr
Bain Capital , Warburg, Yes Bank and IndusInd said to have expressed interest
The AMC business had an AUM of Rs 66392 cr and PAT of Rs 58 cr in FY17
The Securities business had a PAT of Rs 29 cr in FY17
Economic Times Reports
Taj Mansingh auction to begin on 19th June18 as per NDMC notice
NDMC - New Delhi Municipality Council
Potential bidders can submit bids starting from 18th May
The hotel is a 292 room five star hotel currently operated by IHCL
Zydus Gets final approval from USFDA for Methylprednisolone
Will be manufactured at formulations manufacturing facility at Moraiya, Ahmedabad
Also received final approval to market Cinacalcet Hydrochloride Tablets
Will be manufactured at facility at SEZ, Ahmedabad