The overall volume at India's top four M&HCV makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent to 31,067 units during the month.
CBI has alleged that Rana Kapoor entered into a criminal conspiracy with Kapil Wadhawan, DHFL director-promoter for round-tripping of funds where loans from Yes Bank to DHFL landed in companies owned by Kapoor's daughters, DoIT Urban Ventures.
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.
Stars glitter at SRK's Diwali party!
It is alleged that Kapoor's family received kickbacks for Yes Bank's investment in DHFL's debentures.
Piramal Enterprises' bid for debt-ridden DHFL received the most votes from lenders at the close of the voting process on Friday, sources said. Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital. Voting was done on various parameters, including qualitative and quantitative.
'We are ready to surrender,' Lieutenant General A A K Niazi said over the phone from Dhaka.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Kapoor has told the Enforcement Directorate that he was 'forced' to buy the M F Husain painting from Priyanka Gandhi and the sale proceeds were utilised by the Gandhi family for the medical treatment of Congress president Sonia Gandhi in New York, according to the charge sheet filed by the federal anti-money laundering agency in a special court in Mumbai.
The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
Bollywood mourned designer Vikram Phadnis's mother's passing.
The Delhi high court on Tuesday said that in case there were no guidelines issued by the Centre, it expected the city government to expeditiously consider the issue of early re-testing of international travellers who test positive for COVID-19 on arrival.
The Bachchans bumped into Aishwarya's former boyfriend Salman Khan at Sunny and Anu Dewan's party.
Sanjay Khan's autobiography The Best Mistakes Of My Life out.
Sanjay Dewan, a family friend of Shashi Tharoor and his wife Sunanda Pushkar and a key witness in her mysterious death case, on Wednesday said they were a "happy couple" and he was not aware whether she was suffering from any ailment.
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.
'The emotions I saw in the eyes of the survivors when we pulled them out of the sea into our helicopter will remain with me for the rest of my life.'
Triple celebrations for Duggu!
Anil Kapoor throws a party, and the ladies are invited!
Zayed hosted a dinner for newlyweds Gautam and Smriti Gupta.
Young brides would be swooning over her cocktail gown with sexy cutouts!
Rahul Dewan struck an impressive unbeaten 143 but England managed to budle Haryana out for 333 to extended their lead to 306 runs in Ahmdedabad on Saturday.
Several promoters of suspended companies have floated new entities or taken board seats in other listed companies, which are functional, trading
63 Moons Technologies that has a claim of Rs 200 crore from Dewan Housing Finance, which is being taken over by the Piramal Group for as low as Rs 37,500 crore against a total claim of close to Rs 85,000 crore, on Tuesday said it will challenge the resolution at the NCLAT shortly. On Tuesday, making an about-turn, the Mumbai bench of the National Company Law Tribunal (NCLT) chaired by HP Chaturvedi and Ravikumar Duraisamy, allowed Piramal Group to take over DHFL under the bankruptcy code for as low as Rs 37,500 crore against a claim of close to Rs 85,000 crore. It had on May 25 asked the committee of creditors to consider the Wadhawans offer of paying back almost Rs 93,000 crore to the lenders and creditors, which was stayed by the NCLAT after the Pirmal group challenged it.
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
Stars just love the Yuletide season...
This pertains to certain irregularities in loan disbursements towards the development of two Slum Rehabilitation Authority projects undertaken by the company in the past.
What did Bollywood do on Wednesday?
'All my life, I have made expensive films. This time, I want to make the least expensive film ever made in Bollywood.' 'It's an honest attempt to climb Mount Everest without knowing if I will reach the peak.'
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs.
Stepping into a new arena, the former all-rounder is attempting something 'exciting' for Hotstar Specials latest series 'The Office'.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
Move over the models. It was Sushmita Sen who truly stole the show.
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