NCLT bench comprising President M M Kumar and Deepa Krishan said that “We accept the appointment of Mr Navneet Kumar Gupta to act as IRP.”
To incentivise passengers to use the online ticket booking system and adopt cashless methods, Indian Railways is set to launch its own co-branded debit card and also hold monthly lottery draw to give 100% cash-back to 10 lucky passengers.
Following the admission of loss-making Bhushan Steel under the Insolvency and Bankruptcy Code (IBC) earlier this year, State Bank of India (SBI) has now referred the company’s subsidiary Bhushan Energy — an unlisted entity — to the National Company Law Tribunal (NCLT).
A consortium of lenders led by State Bank of India has invited bids to sell 51 per cent stake in Jindal India Thermal Power Ltd (JITPL) located in Odisha.
The government is examining the possibility of the Steel Authority of India Ltd., undertaking the operation and maintenance of Monnet Ispat & Energy Ltd.
Road Transport Minister Nitin Gadkari on Monday met top bankers in Mumbai to ease the bottlenecks plaguing highway contracts of worth Rs 20,000 crore.
Nitin Gadkari to meet top bank CEOs today, stalled infrastructure projects likely to be discussed: Report
Nitin Gadkari, Union Minister for Road Transport and Highways is all set to meet bank CEOs today According to BTVi, focus on issuing RFID tags
Overseas fund raising season kicked-off for the year with state-owned Bharat PetroleumBSE 0.36 % Corp mopping up funds at a cheaper rate and NTPCBSE 1.23 % planning similar bond sale within weeks.
entered into an agreement with SBI & DBS for loan of $400 Million
The funding by JNPT is the first of its kind for major port and it opens up one more avenue for major and government ports to raise funds by accessing international markets for their requirements.
India’s premier container port, Jawaharlal Nehru Port Trust in Navi Mumbai, has signed an agreement with State Bank of India and Development Bank of Singapore for External Commercial Borrowing (ECB) to the tune of $400 Million at a “very competitive” interest rate to improve the infrastructure required for “doubling” its existing capacity to 9.85 Million TEUs annually.