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The trial court here granted bail to Dhanesh Vrajlal Sheth, managing director of three accused firms namely Nakshastra Brands Ltd, Ltd., Gilli India Ltd in the case of multi-crore fraud caused to Punjab National Bank (PNB). Defence counsel, Vijay Aggarwal had sought bail on the ground that the Central Bureau of Investigation (CBI) has filed […]
PNB Scam: Court grants bail to the MD of three of the accused firms Read More »
Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. According to an estimate, top 10 personal guarantors have guaranteed debt of over Rs 1.6 lakh crore. Among the big names, former promoters of Bhushan
Supreme Court verdict: Banks explore option of invoking personal guarantee of promotion Read More »
Fair trade regulator Competition Commission of India (CCI) on Monday approved the acquisition of 23.5 per cent stake in ONGC Tripura Power Company Ltd by Summit India (Tripura). The transaction represents a credible business opportunity for Summit India (Tripura) as ONGC Tripura Power Company operates a 726.6 MW, fully operational natural gas based power plant
CCI approves Summit India (Tripura)’s 23.5 pc stake-buy in ONGC Tripura Power Co Read More »
The Union Cabinet has cleared disinvestment of the country’s largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said on Monday. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to
CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale Read More »
Energy firm Amplus Solar on Monday said its residential venture ‘HomeSpace’ has successfully solarised President Ram Nath Kovind’s parental home ‘Milan Kendra’ in UP. The residence located at village Paraunkh, about 80 kilometres from Kanpur, is now powered by a 5 kilowatt (kW) solar plant set up on its rooftop, Amplus Solar said in a
Amplus Solar solarises President Ram Nath Kovind’s parental home in UP Read More »