NCLT approves JSW Steel arm's bid for Asian Colour Coated Ispat

New Delhi (IANS) The National Company Law Tribunal (NCLT) has approved the resolution plan of JSW Steel Coated Products Limited, a subsidiary of JSW Steel Ltd for acquiring the bankrupt Asian Colour Coated Ispat Limited (ACCIL).

In a regulatory…

Adani, Piramal among bidders for bankrupt DHFL

Mumbai (IANS) Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-headquartered SC Lowy have submitted their bids for the insolvent Dewan Housing Finance Corporation Ltd (DHFL), sources said.

The deadline to submit bids for DHFL…

NPAs impact banks' rate cut transmission, loan growth: Study

New Delhi (IANS) Non-performing assets (NPA) of a bank weakens the monetary policy transmission and loan growth rate, said a recent working paper prepared by the staff members of the Reserve Bank of India (RBI).

The paper titled, 'Bank…

Jalan-Fritsch resolution proposal wins bid for Jet Airways

New Delhi (IANS) Jet Airways on Saturday said that the resolution plan submitted by Murari Lal Jalan and Florian Fritsch has won the bid to acquire the airline.

The announcement was made by the resolution professional (RP) of Jet Airways, which…

India is gradually moving towards an Economy based on Clean Energy

New Delhi (IANS) As part of reforms oriented towards providing cleaner auto fuels in the country, government will soon launch a pilot on hydrogen CNG or HCNG soon, a senior government official said on Saturday.

Petroleum secretary Tarun Kapoor…

Samsung now top smartphone seller in India, globally: Report

New Delhi (IANS) Samsung took the top spot in the global smartphone market in August driven by sales growth in India as the market recovered from a nationwide lockdown, a Counterpoint Research report said on Friday.

The South Korean tech giant…

JLR India hopeful of festive cheer, goes for product offensive

New Delhi (IANS) After witnessing a gradual recovery in sales, Jaguar Land Rover India is hopeful yet guarded about the festive season response.

In a conversation with IANS, the company's President and MD Rohit Suri said that a gradual…

Covid fiscal support 'modest', direct govt spending at 1.2% of GDP: Moody's

New Delhi (IANS) Centre's latest measures aimed at inducing consumer demand have been termed as too less and also quite late given the impact the pandemic had on the economy.

Moody's Investors Service has said that even if the latest…

Air India facing a very challenging financial situation: Hardeep Puri

New Delhi (IANS) Civil Aviation Minister Hardeep Puri has called Air India's leave without pay (LWP) scheme a "win-win for employees and management", and pointed out that Air India has not laid off a single employee even as international and domestic…

India's FY21 GDP outlook worsens, IMF sees 10.3% contraction

New Delhi (IANS) With the coronavirus pandemic still to be contained and the central government's stimulus measures having limited impact on economic activities and consumer demand, the outlook for the Indian economy for the current financial…