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Hyderabad: The legacy of Sardar Hari Singh Nalwa, who once stopped the Afghan forces at the Khyber Pass, is not merely history but a living inheritance, said Dr A. Tajinder Pal Singh Nalwa, his descendant. "If we could protect India from invasions then, we must now protect our children's minds from disintegration." Dr Nalwa was speaking to Sikh educators, community members, students, and lawyers at a seminar hosted by the Sikh Education Society at Guru Nanak High School Lecture Hall. Presided ...Read More >
Nagpur: Adani Power has finally taken over Anil Ambani-led Reliance Group's power plant at Butibori for Rs4,000 crore. The acquisition was formally completed on Tuesday. Originally built for captive supply of cheap power to industries in Butibori and nearby areas, the power plant ended up catering to Mumbai before it ran into trouble.Reliance company, Vidarbha Industries Power Limited (VIPL), had set up a 600MW (2 units of 300 MW) capacity generation plant at Butibori over a decade ago. The plan ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Mumbai/Tschernitz (Germany) : Borosil Renewables Limited (ISIN code: INE666D01022 | NSE Code: BORORENEW | BSE Code: 502219) has announced that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus. The decision follows a prolonged period of deteriorating market conditions in the European solar manufacturing ecosystem. and reflects the company's intent to sharpen strategic focus on the r ...Read More >
New Delhi, Jul 5 (PTI) Test preparatory firm Aakash Educational Services has sent a legal notice to consultancy firm EY, its partners and officials, accusing them of advising rivals in conflict of interest and professional misconduct, the company said on Saturday. Aakash Educational Services Ltd (AESL) has alleged that EY was deeply involved in its financial operations since 2021, including advising on the proposed merger with Think & Learn Private Ltd, which owns the Byju's brand. The test pr ...Read More >
New Delhi, Jul 5 (PTI) Test preparatory firm Aakash Educational Services has sent a legal notice to consultancy firm EY, its partners and officials, accusing them of advising rivals in conflict of interest and professional misconduct, the company said on Saturday. Aakash Educational Services Ltd (AESL) has alleged that EY was deeply involved in its financial operations since 2021, including advising on the proposed merger with Think & Learn Private Ltd, which owns the Byju's brand. Also Read | ...Read More >
MCLEOD GANJ - The Dalai Lama said Saturday he dreamed of living for decades more, as the Buddhist spiritual leader prayed with thousands of exiled Tibetans on the eve of his 90th birthday. Thumping drums and deep horns reverberated from the Indian hilltop temple, as a chanting chorus of red-robed monks and nuns offered long-life prayers for Tenzin Gyatso, who followers believe is the 14th reincarnation of the Dalai Lama. Looking in good health, dressed in traditional maroon monk robes and a fl ...Read More >
New Delhi, Jul 5 (PTI) Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech's request to accept its resolution plan to acquire the bankrupt diversified company. Five companies -- Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech -- have submitted their resolution plans to acquire JAL. However, lenders of JAL, on June 25, had rejected the resolution plan of Suraksha Group-owned Jaypee Infratech Ltd as the bid was submitted late and wi ...Read More >
New Delhi, Jul 5 (PTI) Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech's request to accept its resolution plan to acquire the bankrupt diversified company. Five companies -- Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech -- have submitted their resolution plans to acquire JAL. Also Read | Bodoland Lottery Result Today, July 05, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Tick ...Read More >
New Delhi, Jul 2 (PTI) State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and report the name of its erstwhile director Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications, in a regulatory filing, said it has received a letter dated June 23, 2025, from State Bank of India (SBI) to this ...Read More >
New Delhi: India has recently overtaken Japan and is poised to become the third-largest economy by 2030, overtaking Germany, Union Petroleum Minister Hardeep Singh Puri has said. In the past 11 years, India has risen from the eleventh to the fourth largest economy in the world. "Our GDP has more than doubled -- from $2.1 trillion in 2014 to $4.3 trillion in 2025" said Puri while addressing the 77th Foundation Day of the Institute of Chartered Accountants of India (ICAI) here. The minister hig ...Read More >
New Delhi, July 2 (SocialNews.XYZ) The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board of India (SEBI). "This is to inform you that Company has received letter dated June 23, 2025 (received on June 30, 2025) from SBI (marked to he Company and its erstwhile ...Read More >
New Delhi, July 2 (SocialNews.XYZ) India has recently overtaken Japan and is poised to become the third-largest economy by 2030, overtaking Germany, Union Petroleum Minister Hardeep Singh Puri has said. In the past 11 years, India has risen from the eleventh to the fourth largest economy in the world. "Our GDP has more than doubled -- from $2.1 trillion in 2014 to $4.3 trillion in 2025" said Puri while addressing the 77th Foundation Day of the Institute of Chartered Accountants of India (ICAI) ...Read More >
New Delhi [India], July 1 (ANI): The Enforcement Directorate (ED) has seized several incriminating documents, digital devices, and details of movable and immovable properties during searches conducted at 13 locations in Delhi, NCR and Punjab's Mohali in an ongoing investigation against Raheja Developers Ltd, its Directors, and others, the agency said on Tuesday. The raids were conducted on June 27 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The federal agency i ...Read More >
New Delhi [India], June 28 (ANI): India will continue to grow robustly, even among major industrialised G7 countries, the PHD Chamber of Commerce and Industry (PHDCCI) said in a report on 'Population, Productivity, Partnership: Rethinking G7-India Collaboration'. The PHDCCI report added that with an average real GDP growth of more than 8 per cent from 2021 to 2024, India has consistently outpaced all G7 countries: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. ...Read More >
New Delhi, June 8 (SocialNews.XYZ) The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by the Resolution Professional (RP) of the Think and Learn Private Limited (TLPL), the parent company of edtech firm Byju's, against an earlier order by the National Company Law Tribunal (NCLT). The NCLT had directed that the shareholding in Aakash Educational Services should remain unchanged until further hearings. A two-member bench of the NCLAT, comprising Justice Sharad Kumar S ...Read More >
Bengaluru city police late on Thursday (June 5, 2025) night arrested a top official of the Royal Challengers Bengaluru (RCB) franchise and three from the event management company DNA Entertainment Pvt. Ltd., who organised the victory celebrations for the team in the city that led to stampede and 11 deaths. Editorial | Trampled over: On the RCB cup celebration and Bengaluru stampede The arrests came hours after Chief Minister Siddaramaiah announced at a press conference the suspension of city p ...Read More >
New Delhi: State-owned Central Bank of India on Thursday said it acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June 4), the bank has ventured into the insurance sector, Central Bank of India said in a regulatory filing. At present, Central Bank of India has 25.28 per cent stake in FGILICL, which had earned a gros ...Read More >
CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India | Image: Wikimedia Commons State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (Jun ...Read More >
New Delhi, Feb 5 (PTI) The Insolvency and Bankruptcy Board of India has amended rules to allow distressed homebuyers to take possession of their properties while the resolution process is ongoing. The amendments, notified on February 3, and effective immediately, aim to enhance efficiency in insolvency proceedings, particularly for real estate projects, by introducing measures such as appointing facilitators, involving land authorities in the process, and ensuring better monitoring of resolutio ...Read More >
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years, suggesting banks would have hardly recouped any money, an investigation by The Indian Express reveals. Since the IBC framework came into being in 2016, creditors i.e. ba ...Read More >
overnment-owned gas giant GAIL (India) Limited has announced that its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with process licensor INEOS to support the revival of its plant. The renewed collaboration has been formalised through an amendment agreement signed here, GAIL said. "This marks a significant step towards the revival of GMPL's 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant located at the Special Economic Zone (SEZ) in Mangal ...Read More >
However, the NCLT did not pass the approval order on Thursday and deferred the decision, scheduling the next hearing for 6 December. It is expected that the tribunal will pass the liquidation order and may approve the CoC's proposed liquidator at that time. Venkatasubramanian is a Chartered Accountant and is registered as an Insolvency Professional with the Insolvency & Bankruptcy Board of India. He is a partner at Ernst & Young Restructuring, specializing in crisis stabilization, liquidity man ...Read More >
NEW DELHI: Government-owned gas giant GAIL (India) Limited has announced that its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with process licensor INEOS to support the revival of its plant. The renewed collaboration has been formalised through an amendment agreement signed here, GAIL said. "This marks a significant step towards the revival of GMPL's 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant located at the Special Economic Zone (SE ...Read More >
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