Essar Steel lenders have moved the National Company Law Appellate Tribunal seeking an early hearing of appeals filed by suitors for the insolvency-bound firm, saying they are losing a lot of money because of the delays.

The NCLAT had on May 22 ordered status quo on insolvency of Essar Steel for two months as it admitted petitions of NuMetal and ArcelorMittal over the bidding eligibility.

TVS Motors is planning to assemble vehicles in Bangladesh in partnership with state-owned Atlas Bangladesh Limited. Outside India, TVS Motor currently manufactures vehicles only in Indonesia, through which it caters to both domestic and international markets.

President Donald Trump on Thursday abruptly canceled his summit with North Korea’s Kim Jong Un, blaming “tremendous anger and open hostility” by Pyongyang a decision North Korea called “regrettable” while still holding out hope for “peace and stability.”

In a letter to Mr. Kim announcing his decision to back away from the June 12 summit, Mr. Trump pointed to America’s vast military might and warned the rising nuclear power against any “foolish or reckless acts.”

The BSE Sensex rose over 187 points in early trade extending Thursday’s rally on robust buying in IT, energy and banking stocks amid unabated purchases by domestic institutional investors.

Asian shares were mixed after US President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un.

Larsen & Toubro (L&T) today said L&T Construction has bagged a Rs 3,191 crore order from Dhaka Mass Transit Company for construction of a railway line for Dhaka Metro. L&T said it has secured the order in JV with Marubeni Corporation (Japan) through an international competitive bidding process.

The Department of Telecommunications (DoT) has given a go-ahead to the sale of Idea Cellular’s standalone telecom towers to a subsidiary of American Tower Corp (ATC).

Idea through its wholly owned subsidiary Idea Cellular Infrastructure Services (ICISL) has a portfolio of 9,900 towers with a tenancy ratio of 1.80x (September 2017). During the first half of FY18, ICISL had revenues of Rs 597 crore and an EBITDA of Rs 194 crore.

The impending policy decision barring single-use plastics and a ban on PET bottles after a 3-month window has left the Maharashtra food processing industry in a state of flux. Several horticulture associations have opposed the move and have urged the government to deliberate upon alternative packaging solutions.

Volvo Cars has announced it is working with Google to embed the voice-controlled Assistant, Play Store, Maps and other Google services into its next-generation Sensus infotainment system, based on Google’s Android operating system.

“Volvo Cars’ intended partnership with Google will further enhance the way Volvo customers engage with and interact with their cars.

Companies may find it difficult to get corporate credit from State Bank of India (SBI) with the bank focusing on public sector undertakings like oil companies and investment grade firms to control its non-performing assets (NPAs) which have hit Rs 2.23 lakh crore, constituting 10.91% of its total advances. Instead, the bank will focus on retail loans which it expects it to grow to 60% of its total advances.

The government is in dilemma over Air India privatisation and is rightly re-tweaking the details after couple of bidders pulled out. However, at the same time the government is being prudent as aviation secretary R N Choubey now says that the national carrier may not be sold if they do not get the right price.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.