YES Bank might Acquire India’s First Ritz Carlton
NEL Holdings South Ltd, the current holding company of Bangalore’s iconic Ritz Carlton hotel, has failed to repay the Rs 300 crore. Which it owes...
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Confident of Expansion, Inox Leisure to Add 834 Screens after FY23
Confident in pursuing an expansion plan, multiplex operator Inox Leisure has a pipeline of 834 additional screens after FY23. This was revealed in the annual...
Future Enterprises Front on Second Plea to Initiate Insolvency
An operational creditor filed the second plea against Future Enterprises Ltd (Debt-ridden) before the insolvency initiated by NCLT (National Company Law Tribunal). The first petition...
Future Retail Receives Claims worth Rs 21,000 Crore from Financial Creditors
Future Retail, currently under the corporate insolvency resolution process, has received claims worth Rs 21,057 crore from 33 financial creditors. The recently released data by...
Ashok Leyland Board Approves Hinduja Leyland Finance Merger Into NXTDIGITAL
Automaker Ashok Leyland announced on August 17 that its board of directors had approved the incorporation of Hinduja Leyland Finance (HLF) into NXTDIGITAL. “HLF proposes...
JSW Steel to Invest Rs 20,000 Crore Capex for FY23, CMD Sajjan Jindal Says
JSW Steel’s Chairman and Managing Director (CMD) Sajjan Jindal has said that the company will likely invest over Rs 48,000 crore in the next three...
PNB Raises Asset Quality Guidance, Aims to Lower Net NPA to 3.5% by March
State-owned Punjab National Bank has raised its asset quality guidance, aiming to reduce net non-performing assets (NPA) to 3.5% by March 2023 from 4.28% as...
Zee Sony Merger Receives Approval From NSE, BSE
On Thursday, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) approved the proposed merger of ZEE Entertainment Enterprises Limited (ZEEL) and Culver...
Vedanta to Buy Debt-Laden Athena Chhattisgarh Power for Rs 565 Crore
On Thursday, Mining giant Vedanta said it would acquire debt-laden Athena Chhattisgarh Power in an all-cash deal of Rs 564.67 crore. The company’s liquidation process...
Malpani Group Acquires Majority Stake in Imagicaaworld Entertainment
On June 24, Maharashtra-based amusement park business leader Malpani Group said it had acquired a majority stake and control of rival Imagicaaworld Entertainment Ltd through...