The letter, dated December 19, 2018, was sent to Additional Commissioner, CGST, with copies to Reserve Bank of India and Serious Fraud Investigation Office.
City-based Srei Group on Thursday announced launch of iQuippo, a digital marketplace startup for construction equipment machinery and services.
The issue is rated BWR AA+ (BWR Double A plus) by Brickwork Ratings India Private Limited.
As per the latest data with the Securities and Exchange Board of India (Sebi), firms raked in a total of Rs 27,277 crore through NCDs in the current fiscal (2015-16) as on February 4.
The company now holds 10.26 percent in JTCL through to Viva Highway and 37.74 percent in JTCL through Ashoka Concessions, aggregating 48 percent of JTCL.
The broader markets gained 0.9 percent. The market breadth was also strong as about 1971 shares advanced against 856 declining shares on the Bombay Stock Exchange.
Hemant Kanoria, chairman and managing director of Srei Infrastructure denied being interested in Austria or any other European Union territory when asked by Reuters on May 7 about reports it was eyeing the Hypo unit.
Hemant Kanoria, CMD of the company told CNBC-TV18 that the assets under management of the company are worth Rs 33580 crore. "There has been a substantial increase in the AUM, but the disbursement has not been very high. So, we have tried to concentrate on the profitability," adds Kanoria.
Indian market is struggling to sail through a difficult market. December quarter earnings and WPI inflation will be the key for the market next week. SP Tulsian, sptulsian.com feels that the Nifty may see a gain of 130-150 on an aggregate basis for the next week.
SREI Infra announced that it is keen to offload the United Spirits (USL) shares it holds as underlying security on the 430 crore Kingfisher loan it bought from ICICI Bank. Sunil Kanoria, CMD, SREI Infra spoke to CNBC-TV18 regarding the KFA collateral sale plans.
Hemant Kanoria, CMD, SREI Infrastructure told CNBC-TV18 the company has been careful in financing both road and power sector projects and is not facing the risk of loan default for any of these.
In an interview to CNBC-TV18, Sudarshan Sukhani, s2analytics.com says the immediate target for the Nifty seems to be 6,030-6,040. "We should be buying the Nifty not just for an intraday trade, but for a much longer move," he adds.
SREI Infrastructure | GMR Infrastructure | Reliance Industries | Zee Entertainment | Kingfisher | Jet Airways | SpiceJet and HMT are stocks, which are in the news today.
There is a new twist to the SREI versus Fitch battle currently going on in the Calcutta HC. Sebi has filed a petition in the HC asking to intervene in the case, reports CNBC-TV18‘s Payasiwni Upadhyay.
ICICI Bank has sold its entire debt exposure in Kingfisher Airlines, reports CNBC-TV18 quoting sources. It is learnt that ICICI Bank is likely to have sold its debt to SREI.
This is the government's great Indian infrastructure dream. But the ground reality is a rude awakening. With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future.