Piramal Group on Thursday said the Reserve Bank is understood to have cleared the resolution plan for debt-ridden DHFL as approved by the Committee of Creditors (CoC). The CoC had approved a resolution plan submitted by a Piramal Group company, Piramal Capital and Housing Finance Limited, last month. "We understand that the RBI has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the CoC," Piramal Group said in a statement. The resolution plan was approved by the CoC in its 18th meeting concluded on January 15, 2021.
Purnendu Maji and Srinivas Bhogle list the 50 Most Valuable Players after 46 IPL 2022 games.
The 50-share Nifty scaled a high of 10,227.30 intra-day but succumbed to profit-booking to finish at 10,155.25
Leach was taken to the cleaners by Pant on the third afternoon of the first Test, but fought his way back to pick six wickets over the next two days
This legislation, passed in 1967 on the recommendations of the National Integration Council to combat communalism, casteism, regionalism and linguistic chauvinism and to deal with associations engaged in secessionist activities, has changed colour over time and has now become a statute that has created new categories of offences and punishments, 108 ex-bureaucrats said in an open letter.
'The pitch looks pretty similar, I do not know how it is going to play, we have to wait and see'
Selling took hold at the start of October futures and options series in the derivatives segment as investors were concerned over the surging crude oil prices and escalating trade tensions between the US and China
The chief minister raised these issues when Modi called him up to discuss the state's COVID-19 situation and the measures being taken to tackle the crisis, according to an official statement issued here.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Infosys was the top loser in the Sensex pack, dropping 2.89 per cent, followed by TCS, Asian Paints, Bharti Airtel and HCL Tech.
Indian freestyle wrestlers claim Asian team title in U-17 category
Tech Mahindra was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T, Tata Steel and Infosys. NSE Nifty surged 191.95 points to 15,824.05.
Joe Root admitted that Pant was a big factor in his side not declaring in their second innings even after the lead crossed the 400-run mark.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
The Pandyas continue to be in the thick of things with Hardik Pandya (391) ahead, but Krunal Pandya (300) not too far behind. Purnendu Maji and Srinivas Bhogle list the 50 Most Valuable Players after the first 38 IPL 2022 games.
What is more worrying, according to the report, is the fact that in over 20 per cent of the topic caseload districts where the second has ebbed, the third wave has set in firmly, which was only 5 per cent a month ago.
The subscriber base is made up of 778.09 million broadband internet users and 47.21 million narrowband internet users.
The film didn't offer the unfettered entertainment which everyone sought -- it was out-and-out a docu-drama, not a masala movie, notes Sandeep Goyal.
Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.
India must be prepared for a big, fat fuel import bill in FY23 - barring any further avatars of the Covid virus - as refiners crank up runs, or crude processing rates, to meet the growing demand for fuels, and crude prices soar. Capacity additions by an Indian state-run refiner will reinforce the need for foreign crude. Demand for all fuels is expected to increase by 3-8 per cent next fiscal from 2021-22, reaching pre-pandemic levels, according to analysts and industry experts.
Amazon has filed a legal challenge at the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) suspension of the US e-commerce giant's 2019 deal with Future Retail (FRL). Amazon has challenged the CCI order on at least five grounds, and the matter is likely to be listed this week, according to the sources. Parallelly, Amazon's Indian unit has approached the Supreme Court against a halt on an arbitration case against Future Retail's (FRL) asset sale to Reliance Industries (RIL).
Kohli, his deputy Ajinkya Rahane, the flamboyant Rohit Sharma and the swashbuckling wicketkeeper-batsman Rishabh Pant -- batted in the nets
Hitesh Harisinghani/Rediff.com take us on a tour inside the iconic BrihanMumbai Municipal Corporation headquarters, opened for the first time ever for tourists.
The 10 teams in the league will be bidding heavily for the Indian players in a list of 590 cricketer
Star Jamaican sprinter Yohan Blake said he admires India captain Virat Kohli for not offering excuses when his team does not perform well and taking the blame on himself.
The Indian bowlers, it was evident, were not happy about the condition of the red cherry
The most successful opening pair in One-Day Internationals -- Sachin Tendulkar and Sourav Ganguly -- believe that they would have scored a lot more runs if the new rules were in operation during their playing days.
Rajneesh Gupta presents all the numbers you need to know about Virat Kohli in Test cricket.
The Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, according to the Economic Survey 2020-21. The survey noted that startups are the platform for entrepreneurs who have the ability to think out of the box and innovate to conceive products that can create a niche for themselves in a dynamically changing world.
In the last nine sessions, the Sensex had lost 1,940.73 points and the Nifty has given away nearly 600 points.
Ahmedabad will also host the final Test, though with the traditional red ball, and the pitch is unlikely to be vastly different from the one that saw 30 wickets fall in five sessions in the shortest completed Test match since 1935.
James Anderson might have torn apart India's batting line-up in the opening Test in Chennai but the veteran England pacer doesn't expect reverse swing be a factor in the third day-night Test with the pink ball, starting in Ahmedabad on Wednesday.
Rediff.com introduces you to the athletes who have brought India glory in Birmingham.
But Kohli came to the defence of his deputy, insisting that Rahane is the team's most important batsman along with Cheteshwar Pujara.
Joginder Tuteja looks at the biggest Bollywood hits in August in the last decade.
With 2,269 vacancies, the IITs currently have one teacher for every 16 students.
The death toll increased to 1,62,927 with 459 daily new fatalities, the highest in around 116 days.
Shooter Avani Lekhara scripted history on Monday as she became the first Indian woman to win a gold medal at the Paralympics, firing her way to the top of the podium in the R-2 women's 10m Air Rifle Standing SH1 event in Tokyo.
TCS was the top loser in the Sensex pack, falling over 3 per cent, followed by Titan, ICICI Bank, SBI, ITC and Bharti Airtel. On the other hand, Sun Pharma, NTPC, IndusInd Bank and Bajaj Finance were among the top gainers.
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