The local police have also formed a special investigation team under the direction of the commissioner of police, Gautam Buddha Nagar, to investigate an FIR lodged on September 12, 2020, on a complaint by Subhash Chandra, chairman of the Essel Group.
Power Grid, M&M, Bosch, Petronet LNG, Max Financial, IGL, MRF, BHEL, Hindustan Copper, Godrej Agrovet, Redington, CreditAccess Grameen and IDFC are among the companies that will announce their September quarter results today.
RIL acquired shale gas assets through joint ventures in the US between 2010-2013, as a part of its global energy portfolio diversification plan, But as shale gas prices corrected and the viability of these projects became challenging, the company started divesting these assets.
Bankers and analysts said the improvement in recoveries is another indicator of improving consumer sentiment and is a start of better asset quality for banks in the immediate future.
Reserve Bank of India (RBI) data showed that overall credit card outstanding remained stable at ₹1.1 lakh crore. September credit card spends surpassed ₹80,000 crore, crossing the monthly peak spends seen in March of ₹72,300 crore.
The group, headed by patriarch R Thyagarajan, is expected to approach the respective boards and shareholders in the next fortnight.
The market for NFTs, or non-fungible tokens (NFT) – a type of crypto asset in which each token is entirely unique – is picking up in India with several celebrities such as Amitabh Bachchan, Kamal Haasan and Salman Khan jumping on to the bandwagon.
TVS is said to have roped in an investment banker to advise it. The exact amount of investment and the valuation is yet to be firmed up.
The company has decided to allocate a total of 79,06,473 equity shares to 53 anchor investors at Rs 1,180 apiece, aggregating the transaction size to Rs 932.96 crore, according to a circular uploaded on BSE website.
Operation profit of Ujjivan SFB fell 69 per cent at Rs 71 crore against Rs 230 crore over the same period.
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