The number of claims repudiated was 10,822 for an amount of Rs 1,026 crore and the number of claims rejected was 4,340 for an amount of Rs 24 crore, it said.
India’s textiles ministry has decided to extend the date for filing applications under its production-linked incentive scheme by two months, the government said on Thursday.
The IL&FS group would also pay back another Rs 1,900 crore for three of its other firms, making the aggregate payout at Rs 5,100 crore, it said on Monday.
Accordingly, accelerated economic recovery, along with healthy demand and better margins enabled Aurum Proptech, Clariant Chemicals, Bharat Petroleum, Goodyear Tyre and Rubber Co, PNB Gilts, amongst others to give hefty dividends.
It will be making a down payment of Rs 11 crore initially and pay the remaining amount throughout the year after securitizing land and property. It is likely to securitize 500 acres of land near Bikaner in Rajasthan and 14000 sq yards bungalow in Civil Lines, New Delhi.
The upward revision was approved following a recommendation for payment of a final dividend at Rs 0.50 per share (10 percent) in addition to the interim dividend of Rs 0.75 per share (15 percent) paid on March 30, 2013.
Five defaulters out of the 19 defaulters in the NSEL crisis have promised to pay Rs 1,330 crore via collaterals. Meanwhile, civil and criminal proceedings have also been initiated against them.
As per the plan, August 16 was the first 'pay-in' day and August 20 the first 'pay-out' day. However, NSEL was able to pay only Rs 92 crore in the first pay-out, out of the scheduled Rs 174.72 crore.
Founder of Financial Technologies, Jignesh Shah said that it could take about five months for investors awaiting payout on the National Spot Exchange Limited (NSEL) to get their money.
Glenn Saldanha, managing director and chief executive officer of Glenmark joins CNBC-TV18 to talk about the company's Q2 performance and highlight the way forward.