In this process, “lenders, as well as shareholders, would anyway have to take a haircut for their respective debt/ and equities,” IL&FS said | File image IL&FS group has approached the NCLAT to seek permission to sell its stake with a “haircut” and without shareholders’ approval in its companies, which are insolvent with unsustainable… Continue reading IL&FS seeks NCLAT nod to sell insolvent companies with haircut, without shareholders’ approval | Company News
Tag: nod
Govt wins numbers game as Delhi services Bill gets Rajya Sabha nod
The Rajya Sabha (RS) on Monday passed the contentious Delhi Services Bill, with the Biju Janata Dal (BJD) and the YSR Congress Party voting with the government. The Government of National Capital Territory of Delhi (Amendment) Bill, 2023, replaces an ordinance promulgated by the Centre to handle the transfers and postings of officials… Continue reading Govt wins numbers game as Delhi services Bill gets Rajya Sabha nod
SC rejects Go First plea against Delhi HC nod to lessors to access planes
The Supreme Court on Monday dismissed the appeal filed by Go First against the Delhi High Court order allowing aircraft lessors to access the aircraft they had leased to the airline, as reported by Bar and Bench. A bench comprising Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Mishra… Continue reading SC rejects Go First plea against Delhi HC nod to lessors to access planes
Five-day work week in banks soon as industry demand gets nod from IBA
In a meeting held last month, the Indian Banking Association (IBA) gave its nod to the industry’s demand for five days of banking, The Hindu BusinessLine (BL) reported on Monday, citing sources. The proposal has now been sent to the finance ministry for its final approval. “The matter has now been escalated to the… Continue reading Five-day work week in banks soon as industry demand gets nod from IBA
After LS nod, Delhi services bill in RS today; AAP issues whip to its MPs
Home Minister Amit Shah will table The Government of the National Capital Territory of Delhi (Amendment) Bill, 2023, on Monday, August 7, in Rajya Sabha. Previously, the bill was passed in Lok Sabha on Thursday, August 3, as the opposition parties staged a walkout. At the same time, the Aam Aadmi Party (AAP)… Continue reading After LS nod, Delhi services bill in RS today; AAP issues whip to its MPs
Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
Reliance Industries Ltd, India’s most valuable company, has sought shareholder’s approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years age for the chief… Continue reading Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
LS gives nod to bill to evolve disciplinary code for tri-services military
In an important step towards creating a judicial framework for tri-service command, the Lok Sabha on Friday passed the Inter-Services Organisation (Command, Control & Discipline) Bill , 2023. Shortened to ISO Bill, 2023, it shall be applicable to all personnel of the regular army, navy, and air force, and to persons of other… Continue reading LS gives nod to bill to evolve disciplinary code for tri-services military
Mamaearth’s parent Honasa Consumer gets Sebi’s nod to float IPOs
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, and healthcare tech firm Indegene Ltd have received markets regulator Sebi’s clearance to raise funds through Initial Public Offerings (IPOs). In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd obtained Sebi’s go-ahead to float the initial share… Continue reading Mamaearth’s parent Honasa Consumer gets Sebi’s nod to float IPOs
Honasa Consumer, healthcare tech firm Indegene get Sebi’s nod to float IPOs
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, and healthcare tech firm Indegene Ltd have received markets regulator Sebi’s clearance to raise funds through Initial Public Offerings (IPOs). In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd obtained Sebi’s go-ahead to float the initial share… Continue reading Honasa Consumer, healthcare tech firm Indegene get Sebi’s nod to float IPOs
Commerce dept seeks Centre’s nod for US-led IPEF ‘supply-chain’ agreement
The Commerce Department has sought the Union Cabinet’s approval for the United States-led Indo Pacific Economic Framework’s (IPEF) ‘supply-chain’ agreement, according to informed sources. “The legal vetting process of the supply chain pillar’s text is now complete. The full text, along with the texts of all four pillars under the IPEF, will be… Continue reading Commerce dept seeks Centre’s nod for US-led IPEF ‘supply-chain’ agreement