10 July 2019: The National Company Law Appellate Tribunal (NCLAT) on July 10 dismissed a petition by HDFC to initiate insolvency proceedings against RHC Holding, an entity promoted by billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh. A two-member… Read More ›
5 July 2019: Housing Development Finance Corporation has moved the bankruptcy court claiming that a portion of a Jet Airways office in Mumbai was mortgaged to it, and so should not be among the assets being considered for sale as… Read More ›
ET: SBI, PNB, BoB, HDFC Bank, Yes Bank among lenders that may face action for unauthorised withdrawals of about Rs 800 cr.
10 June 2019: The government-appointed board of Infrastructure Leasing & Financial Services (IL&FS) is likely to file contempt proceedings against nine large banks including State Bank of India, Bank of Baroda, HDFC Bank, Yes Bank, Punjab and Sind Bank, Punjab… Read More ›
8 June 2019: Stakeholders in debt-laden Hotel Leelaventure are apprehensive that a deal to sell company assets to Brookfield may go the way of Jet Airways after the market regulator stalled the transaction. The Securities and Exchange Board of India,… Read More ›
ASIA Prices of new homes in China rose in 49 of the 70 cities in July over the previous month’s data. The cutting of interest rates, improved sentiment and incentives for new home buyers weighed in on the data. Prices… Read More ›
ASIA China’s shipyard’s are piled on with a larger number of ships on account of declining orders experienced in the 1HY12 period. Orders for new ships declined on rising prices of commodities, fluctuating cargo rates and the uncertainty in the… Read More ›
ASIA According to Chinese Premier Wen Jiabao the current economic growth remained in the expected target range set earlier this year and saw the effectiveness of the stabilization policies. However he added that the economy had not formed a stable… Read More ›