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Jaypee Infratech's financial creditors, including lenders and homebuyers, approved the bid of state-owned NBCC to acquire the debt-laden realty firm Jaypee Infratech under insolvency process, according to sources.
Jaypee Infra shares jump over 9 pc on CoC nod for NBCC bid
18 Dec 2019 12:44 PM

Shares of Jaypee Infratech were trading 9.26 per cent higher at Rs 1.77 apiece on the BSE.

I'm looking forward to best in class quality but strong Indian owned and controlled financial sector and while we must attract foreign capital, we must ensure that there is no colonialisation of Indian finance, I'm looking forward to best in class quality but strong Indian owned and controlled financial sector and while we must attract foreign capital, we must ensure that there is no colonialisation of Indian finance, Uday Kotak said. (Photo: File)
'Kotak Mahindra Bank best suited to acquire Yes Bank'
17 Dec 2019 1:49 PM

I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish Kumar.

ATL has received the LoI from MSETCL to build, own, operate and maintain a transmission project in Maharashtra for a period of 35 years, a company statement said.
Adani Transmission gets LoI for project in Maharashtra
14 Dec 2019 3:56 PM

According to the statement, this will be Adani Transmission's first ever 400 kV substation facility in Mumbai.

According to reports, Vodafone Idea may raise over USD 2.5 billion from asset sales ahead of a January deadline to pay statutory dues. The company is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc and its datacentre to the Edelweiss Group.
Vodafone Idea shares gain over 8 pc amid asset sale plan
11 Dec 2019 12:54 PM

On the BSE, the scrip after opening on a positive note further rose to Rs 7.08 apiece, up 7.9 per cent.

Efforts are also being undertaken to increase our exports to emerging markets of Africa, Latin America through PTAs/FTAs (preferential/free trade agreements)," the Minister of State for Commerce Hardeep Singh Puri said. (Photo: File | ANI)
Efforts being made to boost exports: Minister
10 Dec 2019 2:12 PM

We are trying to provide whatever support you, as exporters, need from the government, MoS Hardeep Singh Puri said.

Yes Bank hasn't issued the so-called no objection certificate as it's seeking assurances on repayments of other loans taken by Coffee Day, said the people, asking not to be identified as the information isn't public. All other creditors have approved the transaction, the people said.
Coffee Day’s tech park sale stalls over Yes Bank nod
10 Dec 2019 1:56 AM

Shares of Coffee Day fell 8.9 per cent to close at Rs 43.85.

Life Insurance Corporation of India
LIC mops up over Rs 1,380 crore in a day
10 Dec 2019 1:55 AM

Earlier, the Irdai had asked insurers to withdraw products by November 30 and to come up with the revised products from December 1.

The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value than that of rivals.
Average customer unlikely to pay for outgoing calls, says Reliance Jio
08 Dec 2019 4:41 PM

Reliance Jio is offering 1,000 minutes per month (28-day cycle) of free calling every month across all plans.

Passenger vehicles' production last month stood at 1,39,084 units as against 1,34,149 units in November 2018, an increase of 3.67 per cent, Maruti Suzuki India said  in a regulatory filing.
Maruti raises production by 4 per cent in Nov after 9 straight months of output cut
08 Dec 2019 2:44 PM

The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said.

The market capitalisation (m-cap) of TCS jumped Rs 26,360.5 crore to Rs 7,96,612.51 crore at close on Friday.
Five of top-10 most valued firms add Rs 56,877 crore in market valuation
08 Dec 2019 11:03 AM

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.

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