-
Sebi conducted an investigation between April 2017-September 2017 in the scrip of Videocon Industries for the possibility of insider trading and volume manipulation by certain entities.
-
The trigger for an internal benchmark was an observation made by the NCLT on the resolution plan offered by Twin Star Technologies, owned by billionaire Anil Agarwal, for Videocon Industries and 12 group companies.
-
Empowering public sector banks to play an active role in the management of distressed assets could go a long way in reducing the queue of assets headed to insolvency
-
Ministry of Corporate Affairs identifies assets worth Rs 5,000 crore. However, banks are getting only 4.15 percent of their total outstanding. Ministry is in the process of identifying more assets, say sources.
-
The Mumbai bench of the NCLT on June 8 approved Vedanta Group subsidiary Twin Star Technologies’ resolution plan for Videocon Industries and 12 other companies of the Videocon Group.
-
The settlement offer has been made for 13 out of the 15 Videocon group companies that are currently under CIRP.
-
Videocon was in the first list of the 12 largest accounts that the Reserve Bank of India referred for bankruptcy in late 2016. The diversified group owes collectively over Rs 1 lakh crore to lenders.
-
Trends on SGX Nifty indicate a negative opening for the broader index in India with a 14 points loss. Nifty futures were trading around 12,110 levels on the Singaporean Exchange.
-
Videocon is under corporate insolvency resolution process under the Insolvency and Bankruptcy Code and since September its affairs, business and assets are being managed by resolution professional Abhijit Guhathakurta.
-
The Videocon group along with its with 15 operating companies, owes over Rs 90,000 crore to lenders and is among the 40 largest defaulters identified by the Reserve Bank in its first list for insolvency in late 2016.
-
The ministry had on October 22 last year sent Videocon a demand notice for payment of government's share of profit petroleum, which is calculated after all capital and operating cost is deducted from the sale of oil and gas.
-
The Venugopal Dhoot-promoted Videocon Group owes over Rs 90,000 crore to various public and private sector banks.
-
Consumer electronics firm Videocon Industries is one of the most indebted companies in India, with outstanding loans worth around 600 billion rupees ($8.53 billion) from its financial and operational creditors.
-
The NCLT's Ahmedabad bench has directed the RP to include GAIL in the list of creditors for both the companies.
-
-
The filing further said that manufacturing activity of Glass Shell division, which manufactures panels and funnels used in colour picture tube of colour television, has been suspended from July, 2017 due to poor demand.
-
The FIR names Videocon International Electronics, Videocon Industries, VN Dhoot, the group managing director; Chanda Kochhar, Deepak Kochhar, the head of Nupower Renewables and the company Nupower Renewables, Supreme Energy, Other unknown private persons and Unknown public servants.
-
In the beginning of this year, the country's largest lender State Bank of India (SBI) had filed separate insolvency proceedings against Videocon Industries and Videocon Telecommunications Ltd.
-
BSE and NSE have said in separate notices that PNB fraud accused Mehul Choksi's Gitanjali Gems, Amtek Auto and five other companies, which are already in the restricted trade or Z category for other violations.
-
Total income in the reported quarter stood at Rs 272.25 crore. It was Rs 1,642.11 crore in the year-ago quarter, Videocon Industries said in a BSE filing.
-
Videocon, which had a 51.32 percent stake in the venture, Liberty Videocon General Insurance Company Ltd, sold 26 percent stake to DP Jindal Group's Diamond Dealtrade and the remaining to Enam Securities.
-
The amount at which it sold entire stake was not disclosed in the BSE filing.
-
The market breadth was in favour of the advances on Monday morning with 1161 stocks advancing as against 467 declines while 386 remained unchanged. On the other hand, 1633 stocks advanced and 676 stocks declined while 88 remained unchanged on the BSE.
-
Videocon and JP Associates, who have debt of Rs 47,500 crore and Rs 26,000 crore on their books, respectively, were the top two in a list of 29 defaulters published by the Reserve Bank of India in August.
-
The group had a net loss of Rs 368.75 crore in the year- ago period, it said in a regulatory filing. The company's total income fell sharply to Rs 1,642.11 crore in the June quarter this year, from Rs 2,888.94 crore in the same period a year ago.
