In a blog published on its website Paytm has issued a clarfification on reports that speculated on the deferral of Paytm Payment Services Limited's (PPSL) license application and potential penalties.
The Supreme Court will review the validity of the Income-Tax commissioner's assessment of Jaypee Infratech Ltd (JIL), which raised a claim of ₹33,000 crore. The court has requested the Central Board of Direct Taxes to examine the order and file an affidavit within four weeks. The National Company Law Tribunal (NCLT) approved the resolution plan of Suraksha Realty and Lakshdeep Investments and Finance, allowing them to take over JIL for ₹20,363 crore.
Jio Financial Services said on Monday that it had entered into a new joint venture (JV) with U.S.-based BlackRock Inc to set up a wealth management and broking business in India less than a year after launching an asset management venture.
The majority of shareholders of edtech firm Think and Learn, owner of Byju's brand, have approved the company's resolution to increase its authorised share capital to absorb USD 200 million raised through the rights issue, a statement said on Monday. The EGM held on March 29 was opposed by a group of investors in the company.
IL&FS has decided to sell its entire 26 per cent equity stake in Noida Toll Bridge Company Ltd (NTBCL), which owns and maintains DND flyover connecting Delhi to Noida. IL&FS has decided to monetise this marquee DND flyover, which was built in 2001, as one of the first roads to provide seamless connectivity from Delhi to Noida.
Tesla Inc is reportedly engaging in preliminary talks with Reliance Industries Ltd for a potential collaboration on establishing an electric vehicle manufacturing plant in India. While the specifics of Reliance's involvement are still under discussion, the conglomerate, led by Mukesh Ambani, is anticipated to play a crucial role in supporting Tesla with the setup and operations of the factory.
Reliance Infrastructure clarified that the recent Supreme Court order, setting aside an Rs 8,000-crore arbitral award in favor of Delhi Airport Metro Express Pvt Ltd (DAMEPL), doesn't impose any liability on the company. The court directed DAMEPL to refund sums previously paid by Delhi Metro Rail, totaling Rs 3,300 crore.
Reliance Infrastructure clarified that the recent Supreme Court order, setting aside an Rs 8,000-crore arbitral award in favor of Delhi Airport Metro Express Pvt Ltd (DAMEPL), doesn't impose any liability on the company. The court directed DAMEPL to refund sums previously paid by Delhi Metro Rail, totaling Rs 3,300 crore.
The fate of Go First, grounded on May 3, 2023, remains uncertain as NCLT extends CIRP by 60 days. CoC reviews two bids, including Central Bank of India, Bank of Baroda, and IDBI Bank.
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida.
The National Company Law Tribunal (NCLT) has approved the merger scheme between Hinduja Group's Hinduja Realty Ventures Ltd and Hinduja Healthcare Ltd, marking a significant step in the group's corporate restructuring plans. Under the scheme, Hinduja Healthcare will merge into Hinduja Realty Ventures to consolidate operations and enhance efficiency.
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