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Essar Steel lenders mull options after NCLAT advice
Posted on 18th March 2019 |
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MUMBAI: Creditors to Essar Steel are weighing three options, one of which might be put before an appellate bankruptcy court on Monday, as they seek to draw to a close the insolvency proceedings that have dragged on for about two years. The options include asking ArcelorMittal to pay up the whole amount and keep the contentious payments to operational creditors in an escrow account or just comply with the suggestions made by the National Company Law Appellate Tribunal (NCLAT) in the last hearing on Friday. |
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Valuation no bar, HDFC Bank could hit more highs, say market players
Posted on 18th March 2019 |
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MUMBAI: HDFC Bank, which breached the Rs 6 lakh-crore market capitalisation threshold last week and ranks in the list of the planet’s most expensive lenders, provides investors an opportunity to buy into the stock now because of its increasingly low-cost liabilities, robust asset quality, and stable margins. |
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WhatsApp, NASSCOM Foundation partner to fight fake news before elections
Posted on 18th March 2019 |
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WhatsApp, a Facebook-owned instant messaging platform, has partnered with the social arm of National Association of Software and Services Companies (NASSCOM) to deliver digital literacy training. Aiming to curb fake news, propaganda and misinformation menace on its platform, the training is estimated to reach approximately 1,00,000 people before the Lok Sabha Elections 2019. |
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L&T may spend about USD 1 billion in Mindtree takeover bid: report
Posted on 18th March 2019 |
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Mumbai: Indian conglomerate Larsen & Toubro Ltd would spend up to 70 billion rupees (USD 1.02 billion) in a hostile bid to buy IT services company Mindtree Ltd, the Times of India (TOI) reported citing sources directly involved with the matter. L&T will buy out Mindtree’s largest shareholder VG Siddhartha and companies in which he is a promoter, following which an open offer will be sent to the public shareholders of Mindtree, according to the report published on Monday. |
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IOC hopes to restart fire-hit CDU at Panipat plant in 2-3 days
Posted on 18th March 2019 |
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Indian Oil Corp hopes to restart a 150,000-barrel-per-day (bpd) crude distillation unit (CDU) at its Panipat refinery in the next 2-3 days, its head of refineries said on Monday, days after the unit caught fire due to a naphtha leak. IOC, the country’s top refiner, had shut the CDU and some other secondary units at the 300,000-bpd refinery in the northern state of Haryana for about a month from mid-February for routine maintenance. |
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Sensex rallies over 300 points, Nifty above 11,500 mark
Posted on 18th February 2019 |
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Domestic equities continued their bull run on Monday with the BSE Sensex rising over 300 points and the Nifty reclaiming the 11,500 mark amid unabated foreign fund inflows and narrowing country’s trade deficit. Besides, positive cues from other Asian markets too bolstered trading sentiment in Mumbai, traders said. |
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Rupee appreciates 17 paise to 68.93 against U.S. dollar
Posted on 18th March 2019 |
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The rupee appreciated 17 paise to 68.93 against the U.S. dollar in opening trade on March 18 driven by weakening greenback in overseas markets and sustained foreign inflows. Besides, narrowing country’s trade deficit and selling of the American currency by exporters supported the domestic currency, dealers said. |
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How to download YouTube, Amazon Prime Video, & Netflix shows in India
Posted on 18th March 2019 |
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The way entertainment modes are changing with new avenues of content creation and its dissemination, people now enjoy their favourite shows in the form of short videos, web series etc. Several platforms (OTT) have come up to cater to the entertainment demand in the backdrop of the internet boom. |
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