HYDERABAD: Invoking Section 7 of the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT) bench at Hyderabad on Wednesday appointed an insolvency resolution professional (IRP) for resolving the debt crisis at Hyderabad-based Deccan Chronicle Holdings Ltd (DCHL) and declared a moratorium of 180 days. A bench of Rajeswara Rao Vittanala, member (judicial),…
DetailsBhushan Steel and State Bank of India (SBI) on Wednesday contested each others estimation of the companys liability at a hearing in the National Company Law Tribunal (NCLT) here. The steel companys counsel said SBIs claims were about Rs 100 crore more than the actual dues. Countering the argument, SBIs counsel said the…
DetailsRoongchat described the outlay as a huge investment for the company as it looks ahead to its 40th anniversary next year. We invested Bt500 million last year and have continued to expand this investment budget with Bt1 billion for this year and the next, she said at a press conference yesterday. The funds…
DetailsBy EDWIN OKOTHMore by this Author The government is set to let go of its shareholding in Uchumi Supermarkets once the troubled retailer stabilises under the ongoing bailout and restructuring plan. Trade Principal Secretary Chris Kiptoo yesterday said the shareholding exit will come after the government recoups taxpayers funds pumped into the company over the…
DetailsBy Aparna Ravi When the Insolvency and Bankruptcy Code came into effect late last year, sceptics pointed out that the time-bound process contemplated by the code could easily be derailed if one of the affected parties were to file legal challenges in the high courts, which could drag on for months. Essar Steels recent petition…
DetailsImage used for representational purpose only. India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd, the country’s top software services exporter, the…
DetailsJuly 19 (Reuters) – India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd , the country’s top software services exporter, the report…
DetailsSnowy scene: The Walcha Saddlery in snowy weather in 1908. It replaced Seckolds earlier saddlery which was located on the eastern side of Derby Street. David John Callaghan, one of Walchas early saddlers, arrived in the late 1870s and, in 1880, moved into new purpose-built premises located in what is now Mountain Motors yard. The…
DetailsReuters | Jul 19, 2017, 07:25 PM IST REUTERS – India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd, the country’s top…
DetailsPeter Dunn Published 6:00 a.m. ET July 19, 2017 | Updated 6:00 a.m. ET July 19, 2017 Peter Dunn, aka Pete the Planner, writes a weekly financial-planning column for IndyStar and Fox 59.(Photo: Polina Osherov) Hi, Pete, At ages 30 and 31, my wife and I have our financial house pretty well in order. The…
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