Set up in 1954, the Sundaram Finance Group's services include financing for the entire range of commercial vehicles, passenger cars and construction equipment, as well as specially designed working capital products such as fuel finance and tyre finance.
Since the new board took over in September 2018, IL&FS has only been able to complete the sale of its wind energy assets, thereby leading to a debt resolution of Rs 4,300 crore out of the total debt outstanding of around Rs 94,000 crore.
In its petition, which was reviewed by FE, Amazon said: “... the present impugned order has been passed without prima facie application of mind and will cause serious prejudice to the petitioner. Its findings are perverse, arbitrary, untenable in law”.
In October 2018, the government had seized control of the debt-trapped company and superseded its board by appointing a new one, led by eminent banker Uday Kotak as its chairman. The new board, as part of the overall resolution process for the IL&FS Group, has sold a number of assets to clear dues and debt.
In a regulatory filing, Larsen & Toubro (L&T) said in the Philippines, the power transmission and distribution business of L&T Construction has won an order to construct a substation, in association with a prominent local player, that will cater to the growing demand for electricity in the metropolitan area of Manila.
The hitherto unused infrastructure will be used by these companies to expand their presence in rural India and offer 4G as well as other long-term evolution (LTE) mobile telephony services, according to official documents accessed by The Indian Express.
The MCA has sought views from other government departments, regulatory agencies, and others in general on how to amend the existing laws that would enhance the independence of auditing firm and make sure they are also held accountable for any misdeeds.
To address this, Hyundai is working on a mass-market electric car for India, according to Tarun Garg, sales director at its Indian unit. The company plans a launch in 2-3 years, he said.
According to the global earnings released by Uber on Friday, the total number of food deliveries in India by eats stood at 29 million during the quarter-ended December 31, down from 37 million in the September-quarter and 42 million in the June-quarter.
Life Insurance Corporation (LIC), which is gearing up for its initial public offering (IPO), on Friday said investments made by the corporation in government securities rose to Rs 2.81 lakh crore in the period between April-January 2020, much higher than the target of Rs 2.55 lakh crore. India’s largest insurance company with assets of over […]
The country's largest car maker also opened the pre-launch booking of the vehicle at its Nexa showroom across the country.
The G10, which is expected to give a direct competition to Kia Motors MPV Carnival
Japan's fourth-largest automaker posted an operating profit of 51.8 billion yen ($471.34 million) for the October-December quarter, its lowest since the March 2016 quarter
The acquisition is part of Total’s target of building a portfolio of low-carbon businesses that could account for 15 per cent to 20 per cent of its sales by 2040. Under a separate deal, the two firms will also build an 800-MW solar power plant in Qatar.
Nirma Group said the acquisition of ECL will enable Nuvoco, a building materials company, to take its business to the next level to become one of the leading cement players in the country and specifically in the east.
In its affidavit to the NCLAT, the MCA has said IBC does not “envisage any role of the central government to check that the resolution plan submitted during the course of a corporate insolvency resolution process satisfies the conditions” set forth in various provisions under the Code.
The new Creta comes with features like the panoramic sunroof, LED Headlamps, enhanced Bluelink 1.5, among others, Hyundai Motors India said.
On Tuesday, the carrier said it planned to cut about 30 per cent of capacity over the next two months, including about 90 per cent of flights to mainland China.
As per the latest development, the Jabong web portal and the app will be redirected to Myntra's shopping portal.
CBDT Chairman P C Mody said most of the issues pertaining to startups were already addressed in last budget and the remaining matter on ESOPs (employee stock option plans) was resolved this time.