Mumbai: The National Company Law Tribunal (NCLT) has approved the acquisition of AMW Autocomponent by listed automotive wheels manufacturer Steel Strips Wheels. The company had admitted liability of over ₹1,675 crore, whereas the successful bidder proposed to pay over ₹138 crore as upfront cash for the acquisition of the company. “The resolution plan so approved …
Image Source : FREEPIK.COM RBI likely to start digital rupee pilot The Reserve Bank of India (RBI) is likely to introduce the pilot of the Central Bank Digital Currency (CBDC) for transactions for the interbank borrowing or call money market by October, said central bank Executive Director Ajay Kumar Choudhary on Sunday. The pilot for …
Image Source : FILE IMAGE Sunny Deol Sunny Deol has been hitting the headlines after his villa, located in Mumbai’s Juhu, was earlier auctioned by the Bank of Baroda to recover a loan given to the actor. The amount of the loan was said to be around Rs 56 crore. However, the bank withdrew the …
Image Source : FREEPIK.COM 12 state-owned banks had recorded a total profit of Rs 15,306 crore Public sector banks (PSBs) have once again demonstrated exceptional performance by achieving a profit of Rs 34,774 crore during the first quarter ended June 2023. This is more than double the total profit of Rs 15,306 crore recorded by …
Image Source : REPRESENTATIVE Hiring for white collar jobs in India falls 19% in July: Report The hiring for white-collar jobs in India experienced a 19% decline in July compared to the same period last year. Various sectors, including FMCG, retail, insurance, and education, displayed cautious recruitment sentiments, as revealed by a recent report. According …
Image Source : FILE Go First extends cancellation of flights till July 6 Cash-strapped airline Go First has announced the extension of the cancellation of its scheduled flights until July 6. The airline, currently undergoing insolvency resolution, temporarily suspended its flights on May 3. Since then, the cancellation has been extended multiple times. Senior representatives …