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The move to initiate insolvency proceedings follows the expiry of the six-month deadline for resolving the default in respect of these companies. In terms of the RBI’s June 2019 circular, banks are required to make additional provisions for defaults that are unresolved, and insolvency proceedings are not initiated.
IndiaTech proposes key changes in SR shareholding rules to SebiThe conversation around shares with superior voting rights, or SR shares, is happening at a time when several Indian startups —from Paytm to Policybazaar—are looking to tap the public markets via IPOs.
from Stocks-Markets-Ec… Read MoreNSE Bulk Deals: Sami Vartak’s SageOne sells stake in Mangalore ChemicalsShares of Mangalore Chemicals ended 2.2 per cent lower at Rs. 79.4 on the NSE.
from Stocks-Markets-Economic Times https://ift.tt/2V4XC1z
… Read MoreNazara Technologies Q1 results: Co posts net profit at Rs 14 crIts revenue during April-June 2021 jumped 45 per cent to Rs 131.2 crore, compared with Rs 90.5 crore in the year-ago period.
from Stocks-Markets-Economic Times https://ift.tt/3lfOPVc
… Read MoreDalmia Bharat Sugar Q1 results: Net profit dips to Rs 124 crTotal income fell to Rs 823.45 crore in the first quarter of this fiscal from Rs 897.99 crore in the corresponding period of the previous year, the company said in a regulatory filing.
from Stocks-Markets-Economic Times http… Read MoreBritannia Q1 results: Net profit drops 29% to Rs 387 crTotal income during the first quarter stood at Rs 3,464 crore, compared to Rs 3,514 crore in the same period of last fiscal.
from Stocks-Markets-Economic Times https://ift.tt/3rGexDy
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