The IPO of IRFC has been stalled once again, this time due to a tax liability matter. Meghna Mittal has the exclusive details.
On this episode of Call BTVI, our experts K Subramanyam and Hemen Kapadia discuss trades in various industries.
There could be an external commercial borrowing cloud over Tata Steel's bid for Bhushan Steel. Ashutosh Kumar joined us with the exclusive details.
The eleven tribunals set-up across the country have more than eleven lakh companies under their ambit. A fact which leads the State Bank of India to believe that there is a need for a massive ramp-up of NCLT infrastructure in the country.
The two day FOMC meet is the first under Jerome Powell as chairman and as indicated by the chairman, the Federal Reserve is likely to hike interest rates and renew its commitment to at least two more hikes in 2018.
Anoop Kumar Mittal, CMD at NBCC says that there will be 30-35% increase in company's bottomline from next year.
Essar Steel has been in focus due to big names like Tata Steel, Vedanta, Nippon Steel competing to take over the company in resolution process. The committee of creditors will meet today to take a call on rebids for the steel company.
Force motors and Rolls-Royce have entered in a joint venture. Prasan Firodia, MD of Force Motors spoke on the joint venture, growth plans and the disruption caused due to the reforms.
Krishna Memani CIO of Oppenheimer Funds sees US economy firing on all cylinders and the Fed hiking rates.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months