The Ahmedabad Bench of National Company Law Tribunal (NCLT) has been directed by the National Company Law Appellate Tribunal (NCLAT) on Thursday to expedite the hearing process on Essar Steel insolvency case in order to arrive at a decision quickly.

A two-member bench, led by NCLAT Chairman Justice S J Mukhopadhaya, asked the Ahmedabad Bench of the NCLT to take a decision expeditiously in the matter following a Supreme Court verdict.

Shares of Ashok Leyland slipped to their 18-month low of Rs 95.95 apiece, dipping 2 per cent on the BSE, and extending their 4 per cent fall in the past two days after recording weak December sales numbers. The stock of commercial vehicles (CV) manufacturer was trading at its lowest level since July 3, 2017.

The Supreme Court has adjourned the hearing of Ayodhya title suit case till January 10. The hearing did not see any arguments from both the sides.

The matter is listed before a bench comprising Chief Justice Ranjan Gogoi and Justice S K Kaul.

Ahmedabad/Mumbai The National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad bench of the National Company Law Tribunal (NCLT) to expedite the insolvency case filed against the Essar Steel Ltd.

On Thursday, while hearing the petition filed by the committee of creditors (CoC) of Essar Steel through State Bank of India against the resolution professional Satish Kumar Gupta and others

Microsoft CEO Satya Nadella, it seems, is determined to break free of the company’s current work culture by taking it back to its core roots when it was under its co-founder Bill Gates.

The year 2018 was particularly a good year for Microsoft as the company continues to grow under the stable leadership of its Indian-origin CEO Satya Nadella. The company which is headquartered in Redmond finished as the most valuable company in the world in November 2018, surpassing Apple and Amazon, reported Forbes.

Larsen & Toubro (L&T) on Thursday said its construction arm has won orders worth Rs 1,060 crore in the domestic market.

"The smart world and communication business has secured a major order from the Andhra Pradesh State FiberNet Limited (APSFL) for Bharatnet Phase-II works to establish an IP/MPLS Infrastructure covering the 13 districts of Andhra Pradesh," the engineering and construction major said in a BSE filing.

Malaysia Airports Holding Berhad has said it terminated the Share Purchasing Agreement (SPA) with the GMR Group for selling its 11 per cent stake to the latter as the Indian infra major did not fulfil the obligations as per the agreement before December 31.

The Defence Research and Development Organisation (DRDO) has said that its weapon systems and platforms worth over Rs 2.75 trillion have either been inducted into the services or would be joining them soon.

Speaking exclusively to ANI, DRDO Chief G Satheesh Reddy said their recent successes in the field of radars and missile technologies has further enhanced the trust levels of the services in his organisation and they are inducting its platforms in bigger numbers.

The Government on Wednesday gave out the 6-croreth free cooking gas (LPG) connection as the scheme to make available cleaner fuel in every household kitchens runs ahead of schedule. Government of India introduced ‘Pradhan Mantri Ujjwala Yojana’ (PMUY) for which budgetary provision of Rs 12,800 crore has been provided for releasing 5 Crores LPG connections to women member of BPL households by March’19 and additional 3 Crore LPG connections by March 2020.

The telecom regulator Trai has approached the Supreme Court against TDSAT order, which dismissed its predatory pricing tariff rule, Parliament was informed on Wednesday.

“Trai has filed an appeal before Supreme Court against the order of TDSAT dated 13th December, 2018. The appeal is yet to be listed,” telecom minister Manoj Sinha said in a written reply to the Lok Sabha.

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