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.
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.
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
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
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
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.
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
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
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
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.
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.
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
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).
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
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
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).
Although flow of credit from lenders to mid-size microfinance institutions (MFIs) has improved significantly since last week, small MFIs are still facing the challenging situation on the back of liquidity stress. Microfinance
The company has three divisions—home care & personal care, pharma and industrial chemicals — with pharma, and home care & personal care divisions contributing around 65% and 30% of its total sales, respectively.
On Wednesday, during the opening day of the event, another rotating chairman of the company Eric Xu announced the company's AI strategy as well as its full-stack, all-scenario AI portfolio.
The petition was filed by a Surat-based firm against the ailing tea company as the latter was unable to pay Rs 41.55 lakh towards the supply of various pesticides and herbicides.
Bandhan Bank on Saturday said the restrictions imposed by the Reserve Bank of India (RBI) on its branch expansion is not likely to impact its business growth.
The Kolkata bench of the National Company Law Tribunal (NCLT) has admitted insolvency proceedings against West Bengal Mineral Development & Trading Corporation (WBMDTC), a government of West Bengal undertaking.
Srei Infrastructure Finance will not rush into launching an initial public offering (IPO) of its wholly-owned subsidiary Srei Equipment Finance (SEFL) as it feels the current overall market sentiments are ‘weak’.
Lenders to Adhunik Metaliks (AML) will take a haircut of around 92% and settle for Rs 410 crore against their outstanding dues of Rs 5,370 crore after the Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday a
