Maytas Infra Ltd will again petition the Company Law Board to allow it to induct the Saudi Binladen Group (SBG) as its strategic partner, according to IL&FS and Maytas' chairman, Ravi Parthasarathy.
The move comes at a time when IL&FS Energy has joined hands with SB Energy
Financial planners advise against putting capital to work by anticipating what might go up or down.
The challenges authorities face in cleaning Ganga and other holy rivers in Varanasi.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
'Our love for our great nation -- Bharat is second to none and our patriotism towards our motherland -- India is for the entire nation to emulate.'
According to the local Brass Handicrafts Manufacturers Association (BHMA), some 800,000 people are directly employed in Moradabad's massive brass handicrafts and utensils manufacturing industry, which has some 30,000 small and micro-scale units and a total annual turnover of Rs 10,000 crore. The manufacturers are heavily dependent on export markets such as the US, Canada, Australia and the European Union. And exports account for nearly 70 per cent of their revenues. According to industry insiders, since this year's lockdowns, manufacturing has been at 65 per cent of normal levels.
In October, the contribution through SIPs rose to Rs 79.85 billion, up 42% compared to the same month last year.
We look at strong companies. We tell them to conserve liquidity and conserve cash so that they can survive this period of downturn and come out stronger, says Shahzaad Dalal.
Energy's exit is a cautionary tale for several foreign investors in India as close to 16 Gw of solar and wind power projects languish without any power purchase agreement, 24 Gw without transmission connectivity and around 2 Gw unilaterally cancelled by project developers.
Bandhan Bank is expecting that a little less than 50 per cent of its portfolio will be dominated by affordable housing loans in the next three to five years.
With an aim of roping in a strategic partner for its Haryana SEZ project, corporate giant Reliance Industries is believed to be in talks with IL&FS and a couple of other players for part-sale of its stake.
French security researcher Robert Baptiste posted a screenshot suggesting the micro-blogging platform that offers a Twitter-like experience in Indian languages had Chinese connections.
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
NBFCs are facing the heat of a crisis at IL&FS, which defaulted on repayment of its commercial paper dues, leading to a contagion effect in the sector.
Pakistan Foreign Secretary Salman Bashir who spoke to the media at the Pakistan High Commission in New Delhi on Thursday after meeting his Indian counterpart Nirupama Rao said his country desired better ties with India but said Pakistan did not wants talks in which it is lectured to by India.
The ED has summoned Raj in a case pertaining to alleged irregularities related to Infrastructure Leasing and Financial Services loan to Kohinoor CTNL.
A summary of sports events and persons who made news on Sunday.
Valuations of broking companies have halved since January 2008. Patient investors can start accumulating selective stocks with a long-term perspective.
North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.
He supervised and handled several major big ticket insolvency cases that includes Essar Steel, Bhushan Power & Steel, Bhushan Steel, Jaypee Infratech, ElectroSteel Steel, Binani Cement, Reliance Communications.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
'If businesses are focused on de-leveraging, they can hardly be investing. This is the price extracted by investment mistakes during UPA rule, and should have been foreseen. 'But Modi-I must share the blame, for muted reform of the financial sector, partisan policy in telecom, the harm done to exports by an over-priced rupee, and so on,' says T N Ninan.
Foreign Secretary Vijay Gokhale summoned Pakistan High Commissioner to India Sohail Mahmood to his South Block office and issued a very strong demarche .
Pakistan has admitted that the timing of its high commissioner's meeting with the Hurriyat leaders in New Delhi ahead of the foreign secretary-level talks was "perhaps not totally right".
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The use of such robots can not only save lives but can also help road construction companies cut down on labour costs.
this move by the government is likely to iron out the current challenges for the NBFCs and in turn help the real estate sector.
Among other major companies, Cox & Kings made a total investment of $39.95 million in four different WOS situated in Hong Kong, Singapore and the UK.
Top losers in the Sensex pack included IndusInd Bank, Yes Bank, SBI, L&T, Tata Steel, M&M, Bajaj Finance, Vedanta, Tata Motors and RIL, tumbling up to 6.97 per cent.
The move comes after Neeraj Kanwar's reappointment as managing director was rejected by minority shareholders owing to his salary, which increased in spite of a fall in the company's profitability.
The 14.15 km tunnel will provide all-weather connectivity to Srinagar, Kargil and Leh.
Aiming at merging technology with education, IL&FS Education & Technology Services along with IIT-Bombay has developed an integrated system with built-in computer, monitor, DVD player, projector and stereo system.
Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts.
They are large-caps, leaders in their business and have good brand value.
2018 has been a disappointing and highly volatile year for equity investors.
The latest penalties for insider trading follows an earlier disgorgement order passed by Sebi in July last year.
The minister said that the priority for him will be "rolling out all stuck highway projects that include many of the IL&FS projects within 100 days".
The IL&FS deal marks a sharp turnaround from last year when investor interest in public works plummeted.
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