ITC’s petition alleging oppression and mismanagement of minority shareholders against Hotel Leelaventure is an ‘abuse of process’, senior advocate Janak Dwarkadas representing JM Financial Asset Reconstruction Company told the National Company Law Tribunal (NCLT) on Wednesday, adding that ITC’s waiver application ‘must go’ as well.

JM Financial ARC is a respondent to the ITC petition.

A dismal tally shows that attacks on security forces in Jammu and Kashmir have grown in the first six months of the year, as compared to last year. A total of 69 security personnel have been killed in 170 attacks between January and June in the restive state, compared to the 95 killed in the whole of 2018.

If all goes to plans and promises, Internet will soon be like water at railway stations across the country. The Indian Railways has set itself a target — providing free WiFi at 6,485 railway stations in the next 100 days.

While they have already completed installing WiFi services at 1,603 stations, authorities claim that the balance 4,882 stations will be completed within this stipulated time frame.

Mortgage major HDFC Ltd will acquire Apollo Hospital's entire 50.8% stake in Apollo Munich Health Insurance Ltd and 0.4% stake held by a few employees for Rs 1,336 crore and Rs 10.84 crore, respectively, the company said in a release. This will make HDFC ERGO the third largest private general insurer in the country.

Financial regulators on Wednesday suggested that the government should give tax incentives to homebuyers in the Budget to tackle demand slowdown in the construction sector. The suggestion came up during the course of pre-Budget discussions held by finance minister Nirmala Sitharaman with regulators of the finance sector in the national capital.

JAIPUR: Microsoft on Wednesday said its Windows 7 operating system will not get security and technical updates from January 14, 2020, onwards and users should shift to its latest software.

Microsoft also said that it is working with computer manufacturing companies like Dell and HP for making devices available at affordable prices and also working on options to roll out buyback or exchange offers.

The BSE benchmark Sensex ended 66 points higher on June 19 after a highly volatile session ahead of the U.S. Federal Reserve meet outcome.

After rallying nearly 400 points during the day, the BSE gauge settled 66.40 points, or 0.17%, higher at 39,112.74. The index hit an intra-day high of 39,435.80 and a low of 38,881.05.

The Finance Ministry is preparing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, flagged by EY last year on possible reasons of the government failing to attract bidders for the national carrier. The ministry’s proposal, to be placed before Air India Specific Alternative Mechanism (AISAM), will also include option of selling either 100 per cent or 76 per cent government stake in Air India.

ONGC Videsh Ltd and its Indian as well as foreign partners have agreed to invest USD 20 billion in constructing a gas liquefaction and export terminal in Mozambique to monetise vast offshore natural gas reserves they had found. In separate but almost identical regulatory filings, Oil and Natural Gas Corp (ONGC), Bharat Petroleum Corp Ltd (BPCL) and Oil India Ltd (OIL) said their subsidiaries along with Anadarko Petroleum of the US has taken a final investment decision (FID) for Area-1 Mozambique LNG project.

New Delhi: Auto major Mahindra & Mahindra (M&M) on Wednesday said it will hike price of its range of personal vehicles by up to Rs 36,000 across models with effect from July 1.

"This price increase is due to the implementation of AIS 145 safety norms across all passenger vehicles in India," the company said in a BSE filing.

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