New Delhi (IANS) Moody’s Investor Service on Friday enhanced the contraction rate of India’s FY21 GDP to (-)11.5 per cent from an earlier estimate of (-)4 per cent. The revision comes days after India reported a massive 23.9 per cent contraction … read more
Chennai (IANS) The ongoing coronavirus pandemic has also affected Asset Reconstruction Companies (ARC) as they are expected to face disruptions in their recoveries from non-performing assets received from banks, credit rating agency ICRA Ltd said. In a statement issued on Thursday, … read more
New Delhi (IANS) The National Company Law Appellate Tribunal (NCLAT) has set aside the order of the NCLT’s Mumbai bench, dismissing a plea to initiate corporate insolvency resolution process (CIRP) against Mittal Corp Ltd and has asked the tribunal to decide … read more
Mumbai (IANS) Piaggio India has entered into the scooter leasing business by partnering with OTO Capital. The partnership brings vehicle leasing option for ‘Vespa’ and ‘Aprilia’ range of scooters in Pune and Bengaluru. “The merit of this new ownership model lies … read more
New Delhi (IANS) As India’s air transport gradually picks up, the country’s aviation regulator has upped the ante on not just physical but even financial safety aspects of the sector’s stakeholders. The DGCA has maintained a delicate balance between reintroducing some … read more
New Delhi (IANS) The Central Board of Excise and Customs (CBIC) has decided to roll out the faceless assessment at an all India level in all ports of import and for all imported goods by October 31. The Faceless Assessment is … read more
New Delhi (IANS) As oil giant Saudi Aramco reviews plans to expand at home and abroad in face of sharply low oil prices and heavy dividend burden, one of the projects that its likely to face the axe or the pause … read more
New Delhi (IANS) The National Company Law Tribunal (NCLT), Mumbai, has accepted the application by IL&FS to initiate the process of striking off IIPL Laos Pte. Ltd. IIPL Laos is an “offshore IL&FS entity” in the IL&FS group, which was incorporated … read more
New Delhi (IANS) Two major regulatory changes have kicked in for stock market investors from Tuesday (September 1), including the method of pledging stocks and upfront margin requirements for stocks and futures and options (F&Os). Under the new margins system, there … read more
New Delhi (IANS) Larsen & Toubro (L&T) on Monday announced the closure of the strategic divestment of its Electrical and Automation (L&T E&A) business to Schneider Electric, a global player in energy management and automation for Rs 14,000 crore. The significant … read more