With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
At the immediate heart of the dispute is an inheritance that involves Rs 1,500 crore of shares that were bequeathed on a gift deed on a Rs 500 non-judicial stamp paper.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
This car commemorates the first Jaguar XJ 1, which was launched in 1968 and was widely acknowledged at the time to be one of the best automobiles ever made
Lenders say settlements will cross over 100 accounts in the March quarter.
Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.
The radical styling that consists of 17-inch diamond-cut wheel rims and a chrome grill that comes with a sleek coupe-inspired profile -- the kind you'd expect to see in an Acura or a Lexus sports car -- make the Civic one of the best-looking cars on the road today irrespective of price.
Sixty-eight paintings that once belonged to fugitive diamond merchant Nirav Modi will go under the hammer next week.
Schuldschein is an alternative way to raise funds instead of loans or bonds and deals can run from $12 million to more than $1.13 billion. These instruments include tranches of different maturities and currencies and investors are spread across the world.
The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.
The revised offer will mean the lenders will have to write off 60 per cent of their dues.
The six-seater is built for long journeys, especially when you don't want to waste time and would rather wrap up meetings while, say, on the road to the airport, writes Pavan Lall.
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
'I am actually quicker now than before,' Boxing legend Mary Kom tells Pavan Lall.
The Anchor and Panasonic connection is a blend of legacy and quality and there really is no question of substituting one for the other. Panasonic is banking on Anchor's familiarity and widespread recall, to push its way ahead in the premium, automation-aided home appliances and accessories market.
Mahindra is desperate for a best-seller in the compact SUV space, on which it missed the bus
In a meeting on Thursday evening, the RCom management, led by CEO Punit Garg, requested the bank representatives to release Rs 260 crore it received as I-T refund so that it could repay the dues to Ericsson.
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
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