Lenders to debt-ridden Reliance Capital Ltd (RCAP) have alleged that IIHL is indulging in delaying tactics resulting in slow-down in the implementation of the resolution plan, but the Hinduja Group firm has refuted the allegations, saying it was following due process.
Mauritius-based IndusInd International Holdings Ltd (IIHL) emerged as a successful bidder for acquisition of Reliance Capital.
"All allegations are completely false, baseless and are an attempt to malign and obstruct the resolution process," IIHL sources said.
Diese Geschichte stammt aus der September 02, 2024-Ausgabe von The Free Press Journal.
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Diese Geschichte stammt aus der September 02, 2024-Ausgabe von The Free Press Journal.
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MHADA's Konkan Board gets 4,420 applications till Nov 7
The Konkan Housing and Area Development Board, a regional unit of MHADA, has received 4,420 applications for housing lottery till November 7, while 1,313 people have paid the required earnest money deposit (EMD) for the registration and application process for the sale of 12,626 housing units on October 11.
SECI bars Ambani
Solar Energy Corp of India has barred Anil Ambani group Reliance Power Ltd. and its units from participating in auctions for three years, alleging that a subsidiary submitted fake bank guarantee to back its bid for battery storage tender.
Spectrum roll out for Musk?
In a boost to Elon Musk's Starlink, Communications Minister Jyotiraditya Scindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by Indian billionaires Mukesh Ambani and Sunil Mittal. The satellite broadband spectrum will however be not given free and sector regulator Trai will fix a price for the resource, he told PTI in a text and video interview.
Rahul says he is pro-business
Congress leader Rahul Gandhi, in a video statement on Thursday, clarified his stance on business, asserting he is not \"antibusiness\" as portrayed by the BJP, but rather \"antimonopoly.\"
Bangla Hindus feel the heat in Chittagong
Tensions have escalated sharply in Chittagong, a major port city in Bangladesh, following violent confrontations between the local Hindu community and security forces.
Jet flies into sunset
It will be the end of an era as Jet Airways fades into oblivion with the Supreme Court ordering liquidation of its assets. Along with the assets, it will be requiem for nostalgic moments of luxury, service, and ambition.
'Treat us with respect, don't be paternalistic'
F1 drivers unite to berate their governing body, write open letter
Chepauk very good; Kanpur unsatisfactory, rest just okay
ICC RATES INDIAN PITCHES
WHY THE SKY IS BLUE
His pathbreaking achievement boiled down to the simple question: \"Why the sky is blue?\" In his quest to reach the answer, Sir C.V. Raman went on beyond Sir Isaac Newton's discovery of the constitution of light to find out what ensues when light encounters matter.
Homage paid to setting sun
CHHATH CELEBRATED ACROSS INDIA
