The acquisition covers Spring Air’s operations across India, Bangladesh, Sri Lanka and Pakistan.33 PM ISTBCCLWith this acquisition, Spring Air and Englader brand of mattresses will now be under the Kurl-on umbrella.
MUMBAI: Muted government spending and high election-related spending have created a liquidity deficit of Rs 70,000 crore in the banking system, stymieing the Reserve Bank of India's record liquidity infusion via bond purchases and the innovative dollar-rupee swap, blunting the recent rate cut and clogging the efficacy of policy transmission.The deficit is at Rs 70,266 crore on April 16 compared to Rs 31,396 crore on April 3, data from the Bloomberg India Banking Liquidity gauge showed.
Lenders in the consortium include ICICI Bank, Axis Bank, State Bank of India (SBI) and Punjab National Bank, said industry executives dealing with the fund-raising.”
SBI is Offering Rs 10,000-11,000 Cr Loan
SBI is said to be advancing Rs 10,000-11,000 crore.
Mumbai: An arbitration tribunal has ordered Reliance Communications (RCom) to pay Bharti Infratel Rs 39.The tribunal has also levied an interest amount that the telco has to pay to the infrastructure player.
26 PM ISTOthersImproved metro connectivity in Noida-Greater Noida helped in robust sales, the company said in a statement.NEW DELHI: Property brokerage firm Investors Clinic Saturday said it sold 1,200 housing and commercial units worth Rs 500 crore in Delhi-NCR during its sale festival in the last week of March.
The once-glamorous e-commerce startup has failed to convert its “feel good” marketing into a good business.From leaders like Jockey and Triumph to challengers like Zivame and Clovia, everyone is rushing to help women pick the right-sized bra or microbial-fabric panties, and feel good about themselves.
However, resolution of default accounts filed in various tribunals already under the IBC will get further delayed.Erring promoters will get a chance to resolve their accounts with the banks without the NCLT coming in their way.
State-owned telecom firm BSNL has collected a record revenue of Rs 6,500 crore from enterprise segment, making it sufficiently funded, which will help in meeting its various requirement.55 PM ISTBCCLDespite being a loss-making telecom firm, BSNL has the lowest debt of Rs 14,000 crore among all telecom operators.
There are lingering concerns that the airline might still end up in insolvency, wasting taxpayers’ money.Old ally Etihad is worried that Jet's tenacious promoter Naresh Goyal, recently evicted from its board, will find a way to come back.
17 PM ISTBCCLThe group is planning to construct two big hospitals in Thiruvananthapuram and Chennai.KOCHI: Aster DM Healthcare is planning to invest about Rs 1000 crore in India to expand its hospital facilities in the country.
Dutta said the company will retrofit five screens, and use five for new screens.MUMBAI: Leading multiplex player PVR Cinemas has signed a deal with D-BOX Technologies, a world leader in immersive motion entertainment experiences, to install over 400 D-BOX motion seats in nine of its cinemas across Delhi-NCR and Mumbai.
The Rs 175-crore loan given by IL&FS Financial Service Ltd.(IFIN), a subsidiary of IL&FS, to an entity of the Siva group was cited as one of the instances of alleged conflict of interest committed by Sankaran.
“Then, there is also the chance that operational creditors would want more than what is offered now and will appeal.”
So far, operational creditors were slated to recover less than 5% or Rs 214 crore out of their Rs 4,976 crore outstanding.
A consortium including the Tata group has bailed out GMR for now.That's when the Tata group gave a nod from Mumbai to buy a 44% stake in GMR’s airport business, together with a consortium of investors.
The transmission and distribution business has secured projects of Rs 588 crore in international markets, KPTL said in a statement.28 PM ISTBCCLThe company is currently executing several contracts in India, Africa, Middle East, CIS, SAARC and Far East.
NEW DELHI: The government has transferred Rs 5,940 crore as the first instalment of Rs 2,000 each to 29.6 million farmers before the code of conduct was enforced.
22 PM ISTAdani Logistics Limited (ALL) Thursday said it would acquire up to 100 per cent stake in Innovative B2B Logistics Solutions, an entity controlled by private equity firm True North, for Rs 331.It enables ALL to expand its total addressable market, enhance network coverage and create a value chain to handle dry cargo segment," it said.
47 PM ISTGetty ImagesHughes India will supply BSNL with satellite terminals and modems for voice, data, and video communications as well as highspeed satellite backhaul capacity to extend network coverage.NEW DELHI: Broadband satellite networks provider Hughes Communication has won a Rs 40 crore seven-year contract from state-run Bharat Sanchar Nigam Ltd (BSNL) to expand satellite broadband connectivity in Andaman and Nicobar Islands and Lakshadweep.
This will be the company's sixth factory in India, which will be predominantly used as base to supply to global production lines.In a bid to meet increased demand for the global markets Construction Equipment major JCB is planning to invest Rs.
04 AM ISTBCCLRepresentative ImageBENGALURU: Abu Dhabi Investment Authority (ADIA)-backed Lake Shore India Advisory has bought majority stake in a retail mall project in Hyderabad from Phoenix Group for about Rs 1,000 crore, inclusive of construction funding, said people aware of the matter.Hyderabad-based Phoenix Group and Lotus Fund managed by Ajantha Shetty are equity partners in the project.