Mithun Dasgupta

ITC’s Aashirvaad consolidates position, becomes over Rs 4,500-crore brand

ITC is a leading FMCG marketer in India and its non-cigarette or new FMCG business includes branded packaged foods, personal care products, education & stationery products and agarbatti, among others.

The company’s portfolio of brands in new FMCG business represents an annual consumer spend of over Rs 18,000 crore in aggregate. News

Allahabad Bank looks to recover Rs 2,000 crore bad loans per quarter

In the March quarter last fiscal, fresh slippages stood at `2,819.40 crore, out of which agriculture and MSME contributed 31.44% and 28.03%, respectively.

Allahabad Bank profit, Allahabad Bank shares, Allahabad Bank loan, Allahabad Bank revenue, Allahabad Bank loss, Allahabad Bank npa, Allahabad Bank prompt corrective action, bank PCA framework, Reserve Bank of India, RBI News

Veteran industrialist BM Khaitan dies at 92

The way Khaitan, born in a family of lawyers, had developed his tea empire was rather astonishing.

Brij Mohan Khaitan, evergreen tea man of India, global tea circles, Mcleod Russel, world largest tea producer, Kolkata based Williamson Magor Group, Aditya Khaitan, Divya Jalan News

No-liquidity stress seen for NBFC-MFIs right now: Bandhan Bank CEO Chandra Shekhar Ghosh

Bandhan Bank’s exposure to NBFC-MFI sector stood at Rs 2,333 crore at the end of the last fiscal. As on March 31, 2019, its loan book stood at Rs 44,776 crore.

bandhan bank, banking sector, banking industry News

With Nature’s Basket buy, we get access to Mumbai and west: Shashwat Goenka

Spencer’s Retail’s acquisition of Nature’s Basket from Godrej Industries will be very complementing, geography-wise and products-wise, believes Shashwat Goenka, sector head, retail & FMCG, RP-Sanjiv Goenka Group.

Shashwat Goenka, sector head, retail & FMCG, RP-Sanjiv Goenka Group News

ITC putting all its weight behind new FMCG business

Also, with the 20 ICMLs getting commissioned across the country, we will be able to produce more and more products close to the market and ensure freshness of products.

Industry News

Lenders want restart of CIRP for Adhunik Metaliks

Notably, the LHG had earlier failed to meet the deadline for payment under CIRP within the stipulated time for Amtek Auto, prompting the tribunal to allow its lenders to go for a fresh round of bidding.

Industry News

Adhunik case: Lenders to move NCLT to debar Liberty House

The move comes after Liberty House failed to make the upfront cash payment of Rs 410 crore even within the extended timeline.

Industry News

Uncertainty continues over Adhunik Metaliks: Liberty again seeks additional time for upfront payment, lenders don’t agree

Stating non-receipt of requisite regulatory approvals, UK-based Liberty House has not paid the required upfront cash payment of Rs 410 crore to the lenders by Sunday.

nclt, liberty News

India amongst fastest growing, most strategic markets in APAC: Adobe MD

India is one of the fastest growing markets for Adobe in the Asia-Pacific region and also one of the most strategic markets for it globally, both from a business and innovation standpoint, states Kulmeet Bawa, MD, South Asia.

Industry News

Microsoft partnership ‘complementary’ fit from biz growth standpoint: Adobe

Speaking on the sidelines of a media conference here on Tuesday, the first day of the 'Adobe Summit 2019', Parasnis, also the company's chief technology officer, said, “We both are focused on same markets. We both have shar

Industry News

Relief to Coal India: NCLAT sets aside NCLT’s insolvency order against ECL

The National Company Law Appellate Tribunal (NCLAT) has set aside an order by the Kolkata bench of the National Company Law Tribunal which allowed initiation of insolvency proceedings against Eastern Coalfields (ECL), a subsi

nclt, nclat News

NCLT declines to revive CIRP process for Adhunik Metaliks by re-appointing resolution professional

The Kolkata bench of the National Company Law Tribunal (NCLT) has declined to pass an interim order, sought by the lenders to the bankrupt Adhunik Metaliks (AML), to revive the corporate insolvency resolution process (CIRP) b

NCLT, CIRP, AML, Committee of Creditors, DP Jindal Group, Liberty House News

Ready to acquire Adhunik Metaliks, Maharashtra Seamless tells lenders

The NCLT reserved its order on the CoC’s application for granting an extension of time in the corporate insolvency resolution process (CIRP) in this case.

Adhunik Metaliks, Maharashtra Adhunik Metaliks, acquiring Adhunik Metaliks News

PNB drags Binani to NCLT as subsidiary Edayar Zinc fails to repay loan

Binani Industries had stood as a guarantor to a loan facility extended to Edayar Zinc by a consortium of banks led by PNB.

Industry News

Opposition leaders slam Modi-led NDA Government in Kolkata rally

The proposed "Grand Alliance", a pan-India anti-Bharatiya Janata Party front, gathered greater momentum on Saturday when leaders of major regional parties across the country launched scathing attacks against the Narendra Modi

opposition rally in kolkata, massive rally in kolkata, massive opposition rally in kolkata, mamata banerjee, chanfrababu naidu, akhilesh yadav News

Binani Cement: SC rejects Dalmia Bharat’s review petition

The Supreme Court has dismissed a petition filed by Rajputana Properties, a group company of Dalmia Bharat, seeking review of the apex court’s earlier judgment that had rejected its plea challenging the National Company Law

Binani Cement, Dalmia Bharat, Rajputana Properties, NCLAT, UltraTech Cement, supreme court News

Binani Cement: Dalmia Bharat again knocks on Supreme Court’s door to seek judicial review

Rajputana Properties, a group company of Dalmia Bharat, has approached the Supreme Court, seeking review of the apex court's judgment which had dismissed its plea challenging the National Company Law Appellate Tribunal’s (N

Industry News

Adhunik Metaliks Case: Lenders may negotiate with second-highest bidder

“Many people have shown interests in buying the company under the Insolvency resolution process,” Saha had said.

Industry News

Current capital infusion may not help United Bank, says MD Ashok Kumar Pradhan

The bank believes growing its loan book is essential for growth in its operating profit in order to come out of the RBI’s Prompt Corrective Action (PCA) framework.

Markets News

Allahabad Bank working hard to meet Rs 1,000 crore recovery target in Q3

As a part of the turnaround strategy, the lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India, is looking to bring down the net NPA ratio to below 6% by the first quarter next fiscal.

Allahabad Bank, banking sector, economy, india, banking industry News

NCLAT stays insolvency proceedings against ECL

Notably, pronouncing the order on December 19, Justice Gosavi of NCLT Kolkata bench said, "The application filed by the operation creditor under Section 9 of the Insolvency & Bankruptcy Code, 2016, is hereby admitted for init

National Company Law Appellate Tribunal, nclat, tata trusts News

NCLT orders insolvency resolution process against CIL subsidiary

In a setback to Coal India (CIL), the Kolkata bench of the National Company Law Tribunal (NCLT) has ordered commencement of the corporate insolvency resolution process against its subsidiary Eastern Coalfields (ECL).

Industry News

UCO Bank expects profitability boost

State-run Uco Bank is hoping that its profitability for the current fiscal will increase as its current account savings account (CASA) deposits is expected to get a major boost after India and Iran signed an agreement for oil

Markets News

Bidding battle: Adhunik Metaliks lenders reject Liberty House offer

UK-based firm had offered to pay outstanding amount of `410 cr in two instalments by January 15

adhunik metalics, nclt News

Saradha chit fund scam: NCLT orders closure of 13 group companies

The Kolkata bench of the National Company Law Tribunal (NCLT) has ordered winding up of 13 companies of the now-defunct Saradha Group, directing the official liquidator to take possession of assets and properties of all these

Industry News

All secured Binani creditors receive dues

All secured creditors of bankrupt Binani Cement (BCL) received their dues on Tuesday, a day after the Supreme Court allowed UltraTech Cement to acquire the cement firm under the corporate insolvency resolution process (CIRP).

Binani Cement resolution professional , binani cement, National Company Law Tribunal , nclt News
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