The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies -- a promoter entity of the Vedanta Resources group -- for the Videocon group. But it has pointed out that the successful resolution applicant is "paying almost nothing" as the amount offered is only 4.15 per cent of total outstanding claim. It noted the hair cut for all the creditors is 95.85 per cent and suggested to both committee of creditors (CoC) and the successful applicant an increase in the payout.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
Captain Shikhar Dhawan scored a superb 101 to help North Zone reach 251 for three against West Zone on the opening day of the four-day Duleep Trophy quarter-final match in Chennai on Saturday.
Mohit Sharma took five for 47 to help Haryana bundle out Uttar Pradesh for a meagre 227 in their Ranji Trophy Group B match in Lucknow.
The company attributes the trend to global slowdown and liquidity factors Luxury car maker Mercedes-Benz, which registered a growth of 35 per cent last year, will have to be content with flat growth this year.
Indian-Americans are taking over the country, United States President Joe Biden said on Thursday, referring to the high number of people from the community getting a place in his administration.
Channing Tatum is taking home this year's coveted title of People magazine's Sexiest Man Alive.
A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the submissions of solicitor general Tushar Mehta that the high court order, to the extent of allowing their release from prison, needed to be stayed.
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
The religious head of the Ajmer dargah on Sunday announced he will boycott the visit of Pakistan President Asif Ali Zardari to protest the move of district authorities of not allowing him to go inside the shrine beyond the main gate when the visiting delegation arrives.
Chekc out the star arrivals.
Adani Power will also be dropped from the S&P BSE 100 index
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
Bangalore-based Smriti Subs was first scouted when she was 13.
Take a look at the starry arrivals.
Take a look at the pictures.
Industry expects sales to remain depressed in the coming festive season.
While the Congress party has said that the deal was transparent as payment of Rs 2 crore was received by Vadra from Kapoor through cheque and was reflected in income tax returns, the ED is probing if the painting was owned by her or the AICC.
A summary of the first day's play in the Ranji Trophy quarter-final matches.
Everyone's feeling festive.
A Janata Dal-Secular corporator was shot dead by unidentified persons at Banashankari area of Bengaluru on Sunday, the police said.
One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal Bandyopadhyay.
The hottest arrivals at the NBCUniversal Upfront red carpet.
Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end.
The government on Friday notified the rules for insolvency and liquidation proceedings of financial service providers (FSPs). These rules, notified by the ministry of corporate affairs, will not be applicable to banks, reports Ruchika Chitravanshi.
A look at the party pictures.
Union Tourism Minister Shripad Naik on Friday said that having Arvind Mayaram as the new secretary in the ministry would be of great help.
How the duo taught their fans a valuable lesson on love even after calling it quits.
Sachin P Mampatta goes back in time to recall a deluge that that has passed into lore in Kerala.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
A new crop of lending agencies like Dewan Housing Finance, Gruh Finance, Micro House Finance Corporation, SEWA and Mahindra Rural Housing Finance have entered the market.
On December 10, Kissinger began to encourage the Chinese to take action against India: 'If the People's Republic were to consider the situation on the Indian subcontinent a threat to security, and if it took measures to protect its security, the US would oppose efforts of others to interfere with the People's Republic.' On the 50th anniversary of India's greatest military victory, Claude Arpi recalls how the US suggested that China intervene militarily on Pakistan's side.
The broader NSE Nifty too fell over 150 points to crack below the 10,400-mark as financials, IT and energy stocks declined.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
Check out the star arrivals.
In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019.
'There was plenty of pushing, pulling and jostling going on as everyone wanted to see what was going on at the table.'
Kapoor, 62, and the Wadhawans were arrested by the agency in this case early this year and they are in judicial custody at present.
