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ICICI Bank to NCLAT: Direct NCLT Allahabad for early hearing on insolvency plea against Jaiprakash Associates

ICICI Bank to NCLAT: Direct NCLT Allahabad for early hearing on insolvency plea against Jaiprakash Associates

Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT, Allahabad to expedite the hearing on its insolvency petition against Jaypee group firm Jaiprakash Associates Ltd (JAL). In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal (NCLT) seeking to start insolvency proceedings of JAL, which is into infrastructure and real estate.

All India doctor’s strike: Private hospitals shut down outpatient services in Udupi

All India doctor’s strike: Private hospitals shut down outpatient services in Udupi

With all private hospitals, nursing homes and clinics having closed down their outpatient department services in Udupi district in response to a strike call to protest against the recent assault on two doctors in West Bengal, on June 17, the Department of Health and Family Welfare has made all arrangements to deal with the situation.

All India doctor’s strike: Private hospitals shut down outpatient services in Udupi

All India doctor’s strike: Private hospitals shut down outpatient services in Udupi

With all private hospitals, nursing homes and clinics having closed down their outpatient department services in Udupi district in response to a strike call to protest against the recent assault on two doctors in West Bengal, on June 17, the Department of Health and Family Welfare has made all arrangements to deal with the situation.

Sensex drops over 150 pts, Nifty below 11,800

Sensex drops over 150 pts, Nifty below 11,800

Domestic equity benchmark BSE Sensex fell over 150 points and the NSE Nifty slipped below the 11,800 mark in early trade on Monday tracking dragged down by losses in index heavyweight RIL, ITC and HDFC stocks.

The 30-share index was trading 175.29 points, or 0.44%, lower at 39,276.78 at 9.30 a.m. Similarly, the broader NSE Nifty was quoting 50.20 points, or 0.42%, down at 11,773.10.

2019 Cricket World Cup: India preserves its hegemony over Pakistan in World Cups

2019 Cricket World Cup: India preserves its hegemony over Pakistan in World Cups

Under Manchester skies, bright one moment, brooding the next second, India found its sunshine at Old Trafford here on Sunday. In their World Cup clash against Pakistan, Virat Kohli’s men proved they are far too superior with an 89-run triumph.

Rohit Sharma’s masterly 140 (113b, 14x4, 3x6), his second in the current championship, helped India post 336 for five.

Two to tango: Mahindra, Ford to joinly develop 9 SUVs

Two to tango: Mahindra, Ford to joinly develop 9 SUVs

Mahindra & Mahindra (M&M) and Ford India will jointly develop nine sports utility vehicles (SUVs) starting 2020, with a combined investment of over $600 million (`4,300 crore approx), people aware of the development said.

While six models, including compact and large size SUVs, will be shared by both the companies under a rebadging format, three will be made exclusively for Ford, which will be used by the company in both India and export markets.

Mercator plans to restructure loans as losses mount

Mercator plans to restructure loans as losses mount

In view of its worsening financial condition, Mumbai-based Mercator Ltd is looking at restructuring its loans. The company's total liabilities at the end of the last financial year (FY) stood at Rs 2,370.86 crore, an increase of Rs 168.68 crore from a year ago.

Govt to send notices to top NBFCs over investor deposits

Govt to send notices to top NBFCs over investor deposits

The Ministry of Corporate Affairs (MCA) will soon send notices to the country's top non-banking finance companies (NBFCs), including Dewan Housing Finance Ltd, Shriram Transport Finance Company and Mahindra & Mahindra Financial Services Company known as Mahindra Finance, over non-transfer of fixed deposit money of small investors to the government as mandated under the law, a person privy to the development said.

PM Modi pitches for structural reforms in agriculture to boost investment

PM Modi pitches for structural reforms in agriculture to boost investment

With the farm sector facing headwinds, Prime Minister Narendra Modi on Saturday stressed upon the need for structural reforms in agriculture which would boost private investment, strengthen logistics and provide ample market support to farmers.

Delivering the opening address during the fifth Governing Council meeting of NITI Aayog, PM Modi said that the food processing sector should grow at a faster pace to benefit the farmers.

Importance of Bitcoin futures has been understated, JPMorgan says

Importance of Bitcoin futures has been understated, JPMorgan says

Bitcoin futures may be more important than many in the market appreciate, according to JPMorgan Chase & Co.

Recent reports from cryptocurrency asset manager Bitwise and the Blockchain Transparency Institute indicate that only a small percentage of reported trading may be authentic.

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