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RCom shares rally 6 pc to hit upper circuit on asset sale buzz

RCom shares rally 6 pc to hit upper circuit on asset sale buzz

On the BSE, Reliance Communications-'s shares rose 4.55 per cent to 69 paise apiece.

25 Nov 2019 11:44 AM IST

Bharat Petroleum Corp Ltd (BPCL)

-'Dipam started BPCL sale process before Cabinet nod

After that on November 20, the Cabinet Committee on Economic Affairs (CCEA) gave the go-ahead for the BPCL sell-off.

25 Nov 2019 2:03 AM IST

We are working out a mechanism where the resolution applicant, who through this entire court supervised process is acquiring a stressed asset as a going concern, will not be encumbered by the criminal liability relating to the company which has been caused by the previous management, an official said.

Govt plans to amend IBC to ring-fence buyers of stressed assets from...

The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources...

24 Nov 2019 5:27 PM IST

Anil Ambani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from Reliance Communications (RCom) earlier this month.

RCom lenders reject resignation of Anil Ambani, 4 other directors

Reliance Communications had posted a consolidated loss of Rs 30,142 crore for the September 2019 quarter.

24 Nov 2019 5:03 PM IST

India has set a target of raising 1.05 trillion rupees (USD 14.6 billion) through the sale of state stakes in companies by March 2020.

BPCL privatisation: Asset valuer asked to submit company valuation in...

Cabinet Committee on Economic Affairs had on Nov 20 given a go-ahead for sale of government-'s entire stake in BPCL.

24 Nov 2019 11:32 AM IST

7 of top 10 compaines lose Rs 76,164 crore in market valuation; TCS worst hit

7 of top 10 compaines lose Rs 76,164 crore in market valuation; TCS...

From the top-10 pack, only RIL, HDFC and SBI witnessed gains in their market valuation for the week ended Friday.

24 Nov 2019 10:50 AM IST

The court has yet to decide on admitting the petitions.

Bharti, Vodafone Idea approach India-'s top court on payment of dues:...

Bharti and Vodafone Idea have filed separate review petitions in the Supreme Court.

23 Nov 2019 3:34 PM IST

The overall market size of the top five categories of appliances and consumer electronics is Rs 76,400 crore in FY19 and the market is estimated to grow at compounded annual growth rate (CAGR) of 11.7 per cent till FY25.

Domestic value additions to go up to 54 per cent

The Consumer Electronics and Appliances Manufacturers Association (Ceama) finds that domestic value addition stood at 34...

23 Nov 2019 1:40 AM IST

In 2013, online channel used to contribute just 3 per cent to the consumer durable sales and this has multiplied manifold to 11 per cent in 2019. Going ahead, by 2023, the share is expected to touch 22 per cent.

Nearly a fourth of white goods sales seen going online by 2023

Online white goods purchases are seeing a faster-than-expected rise on high affordability of smartphones.

23 Nov 2019 1:37 AM IST

Hindustan Unilever Limited

Unilever, Henkel, Colgate eye Coty brands

Coty, which has a market value of $9 billion and is majority owned by German conglomerate JAB Holdings.

23 Nov 2019 1:31 AM IST

Dewan Housing Finance Corporation Ltd (DHFL)

Panel set up to help DHFL administrator

Rajiv Lall, Kannan, Venkatesh to advise IOB ex-chief.

23 Nov 2019 1:27 AM IST

McDonalds had over the last weekend carried advertisements in newspapers seeking to get traffic at its outlets. (Photo: Pixabay)

Food regulator slaps notice on McDonald-'s for disparaging advt

FSSAI slapped a showcause notice on Hard Castle and Connaught Plaza Restaurant Ltd.

22 Nov 2019 6:45 PM IST