Lenders to DHFL ready for haircut in rescue: Sources
BY: Swati Bhat and Nupur Anand MUMBAI: Lenders to India’s Dewan Housing Finance Ltd (DHFL) are ready to accept limited haircuts in a restructuring plan being worked out for the… Read more »
Daily Archives: July 17, 2019
India approves seven amendments to insolvency law
NEW DELHI: To ensure timely completion of resolution process as well as provide more clarity on rights, the government Wednesday cleared substantial changes to the insolvency law. As many as… Read more »
WeWork to lease 21-storey prime office tower in Singapore
BY: Aradhana Aravindan SINGAPORE: WeWork Cos will lease a 21-storey building in Singapore’s prime financial district that is currently leased to HSBC, marking an expansion by the U.S. co-working space… Read more »
NCLAT asks IDBI Bank to furnish conditions for fresh bidding for Jaypee
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed IDBI Bank, the lead lender of debt-ridden Jaypee Infratech, to file an affidavit listing out new terms and… Read more »
NSE to exclude DHFL from F&O segment from September 27
NEW DELHI: Shares of crisis-hit Dewan Housing Finance Corporation Ltd (DHFL) will be excluded from the equity derivatives segment on the National Stock Exchange from September 27. “No fresh contracts… Read more »
NGT refuses to review order imposing penalty on Ansal Buildwell and two others
NEW DELHI: The National Green Tribunal (NGT) on Tuesday refused to review its order imposing an interim penalty of Rs 10 crore on three builders in Gurgaon for violation of… Read more »
Sebi fines GKS Properties Rs 5 lakh for fraudulent trade
NEW DELHI: Markets regulator Sebi levied a fine of Rs 5 lakh on GKS Properties for executing non-genuine trades in the illiquid stock options segment at BSE. The ruling follows… Read more »
Action against 836 officers in housing scam in Odisha
BHUBANESWAR: Action has been taken against 836 officers for their alleged involvement in corruption under various housing schemes in Odisha in last two years, said a minister on Tuesday. Punitive… Read more »