A string of acquisitions this year has pushed India to the top of the Asia's inbound M&A league table.
BPL Ltd has informed the Bombay Stock Exchange that M Sasi has been appointed as director (finance & corporate planning) of the company (without any remuneration) for a period of two years, with immediate effect.
A Bench headed by Justice S B Sinha, while rejecting BPL's plea, asked it to pay wages (last drawn) to 15 workmen within one month during the pendency of the dispute before the court. BPL had submitted that since its establishment had been closed, the workmen, after having accepted compensation, are not entitled to reinstatement or wages.
BPL Ltd, which got a reprieve from a host of lenders to restructure its Rs 1,500 crore (Rs 15 billion) debt, has faltered again on the restructured package
The Bombay Stock Exchange would suspend trading in 50 stocks including BPL Ltd and Kinetic Trust Ltd from February 9, for non-payment of annual listing fees for 2004-05.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
An old consumer electronics warhorse looks to leverage its past.
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