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Following the Korean automaker's application for rehabilitation dated December 21, JP Morgan issued a notice to the cash-strapped firm demanding the repayment of an outstanding loan amount of 40 billion KRW (around Rs 268 crore with interest), M&M said in a regulatory filing.
Zomato scraps grocery deliveries for the second timeZomato began the pilot for its 45-minute grocery delivery service in a few markets, starting from Delhi NCR, in July. It operated on a marketplace model, allowing its users to order directly from stores. The pilot will end on… Read MoreIndustrial production registers faster-than-expected growth in July, but recovery uneven: NomuraThe key areas of revival were capital goods, infrastructure and construction output growth, especially electrical and machinery and equipment segments, Nomura economists wrote.
from Stocks-Markets-Economic Times https://ift.… Read MoreNSE-BSE bulk deals: Hindustan Times buys stake in Dish TV IndiaHindustan Times today bought 20 million times at Rs. 19.22 apiece through a bulk deal on the National Stock Exchange.
from Stocks-Markets-Economic Times https://ift.tt/3hsKtrd
… Read MoreLiquidation as "going concern" gains tractionThe Ahmedabad chapter of the National Company Law Tribunal (NCLT) last week passed an order clearing the liquidation of an insolvent company, PSL Ltd, retaining its operational status and its sale as a going concern.
from St… Read MoreInfosys completes buyback of 5.58 cr shares worth Rs 9,200 crThe shares were bought back at a volume weighted average price of Rs 1,648.53 per equity share, according to a public notice.
from Stocks-Markets-Economic Times https://ift.tt/3nIrQn9
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