1) Tata Sky seeks new partners as financial sponsors look to exit
Nearly three years after Cyrus Mistry’s failed attempt to list Tata Sky through an IPO, the company’s financial investors are looking to monetise their investments through a stake sale, The Economic Times reported. Read more
2) Jet Airways says stakeholders yet to agree and approve resolution plan
Jet Airways (India) Ltd. on Friday said that stakeholders of the airline and board of directors of the company are yet to agree and approve the resolution plan that is expected to infuse much-needed capital in the company, LiveMint reports. Read more
3) Creditors panel approve JNPT's BID to buy debt-laden Dighi Port
The Committee of Creditors (CoC) has backed the resolution plan placed by state-owned Jawaharlal Nehru Port Trust (JNPT) to buy the debt-laden Dighi Port Ltd under India’s bankruptcy and insolvency law.
The approval of the lenders panel will be submitted to the National Company Law Tribunal (NCLT) for ratification, at least two people briefed on the decision told BusinessLine. Read more
4) Videocon loan case: ED books Chanda, Deepak Kochhar for money laundering
The Enforcement Directorate (ED) has registered a criminal case of money laundering against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loan by the bank to the corporate group, officials said Saturday. Read more
5) Now, Reliance Industries knocks on NCLT's door for share in Essar Steel pie
Mukesh Ambani-led Reliance Industries (RIL) has joined other operational creditors knocking on the doors of the National Company Law Tribunal (NCLT), seeking dues in the Essar Steel insolvency case.
Claiming Rs 16.41 crore in what is believed to have accrued out of fuel and other services provided to Essar Steel’s 8 million metric tonnes per annum plant at Hazira, RIL has filed applications for the same before the NCLT's Ahmedabad Bench. Read more
6) New FDI rules: Thousands of products disappear from e-commerce websites
Amazon and Walmart ’s grand plans for India were thrown into chaos on Friday after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year. Read more
7) Oracle seeks to strengthen client base in country with India-first products
Software major oracle is looking to deepen its relationship with Indian customers by launching a number of India-first products, improving its client base, and is also working with local start-ups as the company gears up to launch its data center services this year. Read more
8) Zee5, ALTBalaji and SonyLIV make it to Google Play Store's top list
Three Indian over-the-top (OTT) players figure in the top grossing applications’ list of Google’s Play Store. Latest data (as on February 1) shows that Zee5, ALTBalaji and SonyLIV are among the top ten in the list of apps that are paid for (called top grossing apps in industry parlance), behind Netflix, which is number two. Read more
9) UnitedHealth takes on Amazon, Berkshire Hathaway and JPMorgan Chase
The underlying case involves allegations made by UnitedHealth Group, which is asking a judge to stop a former executive from working at the new health care outfit created by Amazon, Berkshire Hathaway and JPMorgan Chase, reported NYT. Read more
10) NBCC to construct hospital in Goa for Rs 268 crore
NBCC India on Saturday said it will construct an ayurveda and naturopathy hospital in Goa at a cost of Rs 267.81 crore. A memorandum of understanding (MoU) with the Ministry of AYUSH has been signed in this regard. NBCC will complete the 50-acre project in the next 24 months, the company said in a statement. Read more
Nearly three years after Cyrus Mistry’s failed attempt to list Tata Sky through an IPO, the company’s financial investors are looking to monetise their investments through a stake sale, The Economic Times reported. Read more
2) Jet Airways says stakeholders yet to agree and approve resolution plan
Jet Airways (India) Ltd. on Friday said that stakeholders of the airline and board of directors of the company are yet to agree and approve the resolution plan that is expected to infuse much-needed capital in the company, LiveMint reports. Read more
3) Creditors panel approve JNPT's BID to buy debt-laden Dighi Port
The Committee of Creditors (CoC) has backed the resolution plan placed by state-owned Jawaharlal Nehru Port Trust (JNPT) to buy the debt-laden Dighi Port Ltd under India’s bankruptcy and insolvency law.
The approval of the lenders panel will be submitted to the National Company Law Tribunal (NCLT) for ratification, at least two people briefed on the decision told BusinessLine. Read more
4) Videocon loan case: ED books Chanda, Deepak Kochhar for money laundering
The Enforcement Directorate (ED) has registered a criminal case of money laundering against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loan by the bank to the corporate group, officials said Saturday. Read more
5) Now, Reliance Industries knocks on NCLT's door for share in Essar Steel pie
Mukesh Ambani-led Reliance Industries (RIL) has joined other operational creditors knocking on the doors of the National Company Law Tribunal (NCLT), seeking dues in the Essar Steel insolvency case.
Claiming Rs 16.41 crore in what is believed to have accrued out of fuel and other services provided to Essar Steel’s 8 million metric tonnes per annum plant at Hazira, RIL has filed applications for the same before the NCLT's Ahmedabad Bench. Read more
6) New FDI rules: Thousands of products disappear from e-commerce websites
Amazon and Walmart ’s grand plans for India were thrown into chaos on Friday after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year. Read more
7) Oracle seeks to strengthen client base in country with India-first products
Software major oracle is looking to deepen its relationship with Indian customers by launching a number of India-first products, improving its client base, and is also working with local start-ups as the company gears up to launch its data center services this year. Read more
8) Zee5, ALTBalaji and SonyLIV make it to Google Play Store's top list
Three Indian over-the-top (OTT) players figure in the top grossing applications’ list of Google’s Play Store. Latest data (as on February 1) shows that Zee5, ALTBalaji and SonyLIV are among the top ten in the list of apps that are paid for (called top grossing apps in industry parlance), behind Netflix, which is number two. Read more
9) UnitedHealth takes on Amazon, Berkshire Hathaway and JPMorgan Chase
The underlying case involves allegations made by UnitedHealth Group, which is asking a judge to stop a former executive from working at the new health care outfit created by Amazon, Berkshire Hathaway and JPMorgan Chase, reported NYT. Read more
10) NBCC to construct hospital in Goa for Rs 268 crore
NBCC India on Saturday said it will construct an ayurveda and naturopathy hospital in Goa at a cost of Rs 267.81 crore. A memorandum of understanding (MoU) with the Ministry of AYUSH has been signed in this regard. NBCC will complete the 50-acre project in the next 24 months, the company said in a statement. Read more
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