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Dilip Buildcon bags Bundelkhand Expressway Project worth Rs 1,362 cr in UP

Dilip Buildcon bags Bundelkhand Expressway Project worth Rs 1,362 cr in UP

Highway developer Dilip Buildcon on Friday said it has bagged a road project worth Rs 1,362.06 crore in Uttar Pradesh.

"The company has received the letter of acceptance (LoA)...from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for EPC project in the state," Dilip Buildcon said in a filing to BSE.

India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19

India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19

India's 42 scheduled commercial banks (SCBs) collectively wrote off Rs 2.12 trillion worth of loans in 2018-19, according to figures given by the finance ministry in Parliament. Not only was this 42 per cent higher than the Rs 1.5 trillion written off the previous year, but also about 20 per cent of all their non-performing assets (NPAs).

Banks generally take NPAs off their books to make their balance sheets look cleaner - with reduced liabilities and potential losses.

Month after results, Uddhav Thackeray takes oath as Maharashtra CM

Month after results, Uddhav Thackeray takes oath as Maharashtra CM

The iconic Shivaji Park in Mumbai is the birthplace of Shiv Sena and the playground of generations of cricket players, including Sachin Tendulkar. On Thursday evening,

Shiv Sena chief Uddhav Thackeray began his innings here as chief minister of Maharashtra, cementing a new non-Bharatiya Janata Party (BJP) coalition government in the country.

Adani Group shares rally; Adani Gas, Adani Transmission surge 12%

Adani Group shares rally; Adani Gas, Adani Transmission surge 12%

Shares of Adani Group companies were in focus on Friday and rallied up to 12 per cent intra-day on the back of heavy volumes on the BSE in an otherwise weak market.

Adani Gas (Rs 168) and Adani Transmission (Rs 315) rallied 12 per cent each on the BSE. Adani Power (up 8 per cent at Rs 66.60), Adani Green Energy (5 per cent at Rs 139), Adani Enterprises (4 per cent at Rs 221) and Adani Ports and Special Economic Zone (3 per cent at Rs 384) were up in the range of 3-8 per cent on the BSE.

YES Bank gains 6% ahead of board meet today to consider fundraising

YES Bank gains 6% ahead of board meet today to consider fundraising

YES Bank shares climbed 6 per cent to Rs 74 on the BSE on Friday ahead of the board meet today to consider fundraising plan.

The stock of the private sector lender rallied 17 per cent after the Bank, on Tuesday, said its board will meet on Friday, November 29, 2019, to discuss and consider fundraising by issue of equity/equity linked securities through permissible modes.

AIMPLB to decide on filing Ayodhya verdict review petition in SC today

AIMPLB to decide on filing Ayodhya verdict review petition in SC today

The All India Muslim Personal Law Board (AIMPLB) is likely to take a call on whether to file a review petition in the Supreme Court's final verdict in the Ayodhya land dispute case.

A meeting of AIMPLB is expected to take place today in Lucknow to decide on call to be taken by the board in the Ram Janmabhoomi-Babri Masjid case verdict by the Supreme Court.

Maharashtra: BJP afraid MLAs may defect, says NCP’s Nawab Malik

Maharashtra: BJP afraid MLAs may defect, says NCP’s Nawab Malik

The Maharashtra BJP is bedevilled by the trepidation that politicians who joined the party ahead of the October 21 Assembly polls will defect and, hence, its leaders are claiming they will form government in the state, the NCP said on Saturday. NCP chief spokesperson Nawab Malik made the remarks a day after Maharashtra BJP chief Chandrakant Patil said his party will soon form the government and claimed it can count on the support of 119 MLAs, including Independents, in the 288-member Assembly.

SAT pulls up Sebi for 'shabby' handling of complaints from investor

SAT pulls up Sebi for 'shabby' handling of complaints from investor

The Securities and Appellate Tribunal (SAT) has hauled up the Securities and Exchange Board of India (Sebi) for giving computer-generated response to investor complaints filed on its online platform Scores and for disposing of the matter without settling the case.

“We find the approach adopted by Sebi to be a strange one. Such computer-generated disposal of a serious complaint speaks volumes on the conduct in treating the minority shareholders in this shabby manner,” the tribunal said while delivering a judgment on a matter related to an investor complaint.

US to extend licence for its firms to continue business with Huawei: Report

US to extend licence for its firms to continue business with Huawei: Report

The Trump administration is set to issue a two-week extension of a licence allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works but has not yet been finalised due to regulatory hurdles, said one source who was briefed on the matter.

SC sets aside NCLAT order, paves way for Arcelor to acquire Essar Steel

SC sets aside NCLAT order, paves way for Arcelor to acquire Essar Steel

The Supreme Court on Friday brought down the curtains on an epic battle for debt-laden Essar Steel, paving the entry of the world’s largest steel maker, ArcelorMittal, into the second-biggest steel market, India.

In a ruling that would have a far-reaching impact on cases under the Insolvency and Bankruptcy Code (IBC), the apex court has set aside the National Company Law Appellate Tribunal (NCLAT) order that put a different class of creditors — financial vis-a-vis operational creditors as also secured and unsecured financial creditors — on a par.

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