News Overview

The National Company Law Tribunal (NCLT) has deferred its decision on Mumbai-based Suraksha Group's bid to acquire Jaypee Infratech Ltd and complete around 20,000 homes for dissatisfied homebuyers

In addition, Dish TV announced the resignation of Rajeev Kumar Dalmia, its executive director, from the board, effective at the end of work hours on Tuesday

Meanwhile, the new owners have stated that additional funds were not included in the previously agreed-upon resolution plan and must instead be deducted from the banks' dues

The three intend to assist MSMEs in their efforts to join national and international retail supply chains

According to IATA, the global airline industry is anticipated to report a lesser loss of $6.9 billion in 2022, primarily because of improved passenger yields and cost management by carriers in the face of rising fuel prices

Most of the lay-offs are from the technology team

NMDC has achieved total iron ore production of 361 million tonnes MT in month of November 2022 compared to 334 MT in November 2021 The companys total iron ore sales stood at 304 MT in November 2022 compared to 288 MT in November 2021 For the period April – November 2022 the companys total production stands at 2332 MT and sales stands at 2249 MT

Ashoka Buildcon has submitted Bid to National Highway Authority of India NHAI for the Project viz Request for proposal for Construction of 6 lane Elevated Corridor along with development of existing 4 lane road at ground level from Aroor to Thuravoor Thekku section of NH 66 from Km 366330 to Km 379082 of NH-66 Length 12752 Km under Bharatmala Pariyojana in the State of Kerala […]

Tata Consultancy Services announced that it has been selected by the Rail Delivery Group RDG to design develop implement and operate the UKs Rail Data Marketplace RDM The contract between TCS and RDG is for a term of six years including an extension term opportunity The RDM will bring together fragmented sources of rail data into one digital service to accelerate innovation in the transport […]

Inox Wind and its subsidiary Inox Green Energy Services IGESL as part of the strategic initiative to deleverage their respective Balance Sheets have recently paid Rs 250 crore and Rs 161 crore aggregating to Rs 411 crore towards reducing their debt Consequently the Corporate Guarantees given by Gujarat Fluorochemicals have also got reduced to that extent Both the companies are in the process of further […]