For the record, the government is keen to improve operational efficiencies of the insolvency resolution process, and acutely aware of the need to expeditiously free up sunk capital of bankrupt firms. Several legislative and administrative measures have been taken apparently with this intent, and more are in the offing. However, if anything, the time taken
Larsen and Toubro (L&T) on Tuesday announced that its Energy CarbonLite Solutions vertical has bagged ‘Limited Notice to Proceed’ (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3×800
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While majors like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Nestle India, L&T, Adani Enterprises, Apollo Hospitals, Mankind Pharma, ONGC, GAIL, Godfrey Phillips, LIC, SBI, Axis Bank, HDFC Bank, IRCTC, Coal India
India’s biggest diary brand Amul is planning to launch its products in Europe by the end of this month, managing director of the company and Gujarat Cooperative Milk Marketing Federation Jayen Mehta said Monday. “We will be launching milk…fresh products in Europe by the end of this month,” he said at the annual convocation of
Canada’s largest fund manager CPP Investments (CPPIB) recently shelved its plans to sell a 50% stake in its logistics joint venture with IndoSpace despite getting bids from marquee global investors such as Mubadala and Dutch pension fund manager APG. The decision was reportedly due to a mismatch between the fund manager’s expectations and the bids
India’s export of solar photovoltaic (PV) products soared 23 times between FY22 and FY24, when it touched $2 billion, and continues to grow at a scorching pace. The trend signals that the country is poised to be a net exporter of these products, even as it is eyeing big targets for solar capacity addition, and
Biocon Group’s generics business continues to face pricing and demand challenges as was reflected in the July-September quarter also. Peter Bains, Group CEO, tells FE in an interview that the company’s long-term debt restructuring through a combination of $800 million dollar-denominated bonds and a $300 million new syndicated loan facility, with better terms will provide better financial
Automating customs process, correcting inverted duty structure, easing compliance and introducing an amnesty scheme to settle past customs-linked disputes are some of the key recommendations of the industry for the Budget for FY26. Last week, industry unions and tax experts had met the revenue secretary to submit their proposals pertaining to tweaks necessary on the
When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and
With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite
OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy
Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company
Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The