It is on the advice of former attorney general of India Mukul Rohatgi that the committee of creditors (CoC) to Dewan Housing Finance Corporation (DHFL) has sought fresh bids for the bankrupt housing firm. Fresh bids are...
IL&FS gets approval to sell road asset Jorabat Shillong Expressway
Infrastructure Leasing and Financial Services on Tuesday said it has received the approval of Justice (retd) D K Jain – who is overseeing the debt-laden group’s resolution process – for sale of Jorabat...
Bajaj Auto, Pierer Industrie AG start preliminary talks on stake transfer
Bajaj Auto on Tuesday said it has started preliminary discussion with its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM by transferring their stakes to a new...
Indian Hotels looks East, signs three-hotel deal with Ambuja Neotia Group
Indian Hotels Company (IHCL) said on Monday it had signed a three-hotel deal with Ambuja Neotia Group as it seeks to make deeper inroads into eastern India. The new projects in eastern India include two in Kolkata and...
TechVillage deal done, Embassy to sell more assets to its listed REIT
Bengaluru-based Embassy group will sell more properties to Embassy Office Parks, the real estate investment trust or REIT floated by it with its partner Blackstone, its chairman Jitu Virvani said in a webinar today. In...
DHFL promoter Kapil Wadhawan moves NCLT, wants CoC to consider offer
Kapil Wadhawan, the erstwhile promoter of Dewan Housing Finance Corporation (DHFL), moved the National Company Law Tribunal (NCLT) earlier this week, seeking the tribunal’s direction to the administrator and committee...
Bombay HC denies stay on merger of Lakshmi Vilas Bank, DBS Bank India
The decks have been cleared for the merger of troubled Lakshmi Vilas Bank (LVB) with DBS Bank India (DBIL) after the Bombay High Court refused to grant interim relief (stay) to the shareholders’ petitions challenging...
Amazon-Future tussle: Singapore’s arbitration court rejects Biyani’s plea
Future Retail Ltd’s plea to be excluded from being a party to the Amazon-Future Coupons’ arbitration proceedings has been turned down and the Court of Singapore International Arbitration Centre (SIAC) has...
Laurus Labs inks deal to buy majority stake in Richcore for Rs 247 crore
Drug firm Laurus Labs on Wednesday said it has signed definitive agreements with the Eight Roads Ventures, VenturEast Proactive Fund and VenturEast Life Fund III to acquire 72.55 pc stake in biotech firm Richcore...
Govt approves LVB merger with DBS, say will fix blame for lender’s failure
The government on Wednesday approved the merger of Lakshmi Vilas Bank (LVB) with the Indian subsidiary of Singapore’s DBS, said a senior minister on Wednesday, adding that the blame for the lender’s collapse...
RBI rejects Muthoot Finance’s proposal to acquire IDBI Mutual Fund
The RBI has turned down the proposal of Muthoot Finance to acquire IDBI Bank’s mutual fund business, saying sponsoring a mutual fund is not in consonance with the activity of an operating NBFC. According to a...
Templeton moves SC against HC order on investor nod for scheme closure
Franklin Templeton Mutual Fund (MF) is moving the Supreme Court (SC) against the Karnataka High Court’s order that said unitholders’ consent was necessary before closure of any mutual fund scheme. “Post the judgement of...
