The Resolution professional (RP) Vijaykumar V Iyer has moved the National Company Law Tribunal (NCLT), alleging suspect and fraudulent transactions in Binani carried out by an independent forensic auditor.
"GE Power India Limited... has been awarded a contract worth approximately Rs 230 crores inclusive of taxes (i.e. approximately USD 35.4 million) by NTPC Ltd for Barh stage -I ," GE Power India said in a statement.
Analysts expect the company to launch the drug in next three months with a peak sale potential of USD 300 million.
"The Scheme of Amalgamation for amalgamation of bank's wholly owned subsidiary namely AllBank Finance with the bank has been confirmed by the regional office (eastern region), Ministry of Corporate Affairs, vide their confirmation order dated March 14, 2018," it said in a regulatory filing.
Both the companies had moved their first motion application before the tribunal and have sought permission to convene meeting of their stakeholders, including shareholders and creditors for this.
"The NHAI has issued Letter of Award (LOA) for development of National Highway sections in Tamil Nadu and Puducherry on Hybrid Annuity Mode under Bharatmala Pariyojana Phase-I," the Ministry of Road Transport and Highways said in a statement.
The projects include six-laning of 56 km stretch of Bangalore-Nidagatta section on National Highway 275 for Rs 3447.33 crore and 61 km stretch of Nidagatta-Mysore section for Rs 2765.43 crore, the Ministry of Road Transport and Highways said in a statement.
“As part of the transaction, L&T has transferred its stake completely to ADV and IDFC has reduced its stake in compliance with banking regulatory norms…The last event of equity capital investment in Feedback Infra was in 2006 when L&T had acquired a stake,” the company said in a statement.
The wi-fi network will come up through a combination of models, including revenue share with partners as well as BSNL's own capital expenditure model.
The company has launched six new products in the current financial year and is betting big on the domestic market, taking its total portfolio to 15 out of its 27 products globally.
The theme of the campaign addresses consumers that are hesitant to book travel online and reiterates on building faith on online mediums, the company said in a statement.
This was confirmed by the company in the meeting chaired by Haryana Industries Minister Vipul Goel held here today, an official spokesman said.
"A meeting with a senior Ola representative from Delhi was held in suburban Andheri today. Tomorrow, an official of Uber will be meeting us here," MNS transport wing president Sanjay Naik told PTI.
The MoU was inked in the presence of Animal Husbandry Minister Antar Singh Arya and BFIL CEO and MD Geoff Woolley and other top officials here last evening.
Cynosure focuses on providing Guidewire platform implementation services to Property and Casualty (P&C) insurance carriers and clocked revenues of about USD 20 million in 2017.
Those include a multi-lingual chatbot which will help potential borrowers 'read' contents of a brochure before availing a loan, the company said in a statement.
"The 'SBI-Magicbricks Big Bang Home Carnival' witnessed an overwhelming response from over 70,000 potential buyers who were interested in home buying or home finance," the company said in a statement.
The former Infosys director said India has about 30,000 startups employing about 3.5-4 lakh people and every year about 5,000-6,000 such ventures are sprouting. “Last year, we got about USD 13.65 billion funding (in startups). Today they have created about USD 95 billion of value,” Pai told PTI in an interview.
As per the MoU, 100-150 MT of fully refined paraffin wax will be supplied per month from NRL's wax plant at Numaligarh to Burimari in Bangladesh for a period of one year, an NRL release said today.
"The Ministry of Planning and Finance, Directorate of Investment and Company Administration, Myanmar has allowed to terminate/close our Yangoon Representative Office (Myanmar) with effect from January 19, 2018," the bank said in a regulatory filing.
Arora was earlier the MD and CEO of Airtel Payments Bank, part of India's leading telecom firm Bharti Airtel.
The board considered raising of funds by way of debt for the purpose of making investments in its subsidiary Max Life Insurance Company Ltd (Max Life) to enable it to drive growth through acquisition opportunities, Max Financial Services said in a regulatory filing.
The IBC resolution process has been very efficient and transparent, said Mahendra Singhi, Group CEO-Cement, Dalmia Bharat.
Offshore drilling firm Jagson International said that they are exploring legal recourse in the case