Company Overview and News

 
Ready to pay Rs500 crore more for Binani Cement: UltraTech

8h livemint
Kolkata: UltraTech Cement Ltd’s legal counsel on Thursday raised the company’s bid for Binani Cement Ltd by Rs500 crore, while reaffirming the AV Birla Group company’s Rs7,960 crore bid in the event of the National Company Law Tribunal (NCLT) ordering liquidation of the beleaguered cement maker.
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HDIL to settle dues with J&K Bank by May 2

2018-04-19 freepressjournal.in
Mumbai : Housing Development and Infrastructure Ltd (HDIL) has offered to settle its outstanding dues with Jammu and Kashmir Bank by May 2 after the lender filed an insolvency plea against the company before the National Company Law Tribunal (NCLT).
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Closing Bell: Sensex, Nifty close lower; banks drag but FMCG stocks support

2018-04-18 moneycontrol
3:30 pm Market Closing: Benchmark indices closed lower for the first time in last 10 consecutive sessions, dragged by banks. However, the upside in ITC capped losses.
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Market Live: Sensex erases gains, Nifty below 10,550; banks under pressure

2018-04-18 moneycontrol
1:55 pm Earnings: Mastek's Q4 consolidated net profit increased to Rs 19.4 crore from Rs 18.4 crore and revenue grew by 6.8 percent to Rs 223.7 crore on sequential basis.
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IDBI Bank Limited - Shareholders meeting

2018-04-18 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.
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IDBI Bank to close loss-making branches, limit NPAs and focus on retail to get out of PCA: Deputy MD

2018-04-16 moneycontrol
IDBI Bank hopes to come out of the regulatory restrictive Prompt Corrective Action (PCA) after taking a host of measures, including closure/merger of branches, conversion of 31 loss-making branches into outlets, divestment in non-core assets, setting up of separate stressed assets management group and focus on retail and good quality corporate business.
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Supreme Court asks Jaiprakash Associates to deposit Rs 100 crore by May 10

2018-04-16 freepressjournal.in
New Delhi: The Supreme Court today directed realty firm Jaiprakash Associates Limited (JAL) to deposit Rs 100 crore with its Registry by May 10. The bench headed by Chief Justice Dipak Misra also directed the Insolvency Resolution Professional (IRP) to consider the representation of JAL on revival plans as per law.
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Lakshadweep ahead in race to buy Jaypee Infra

2018-04-16 freepressjournal.in
New Delhi : Dark horse Lakshadweep Pvt Ltd, a joint venture between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Reality, has emerged as the front-runner to acquire Jaypee Infratech with a bid of around Rs 7,350 crore, but way lower than what the real estate developer had proposed to lenders a year back to pay off debt.
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Lakshadeep emerges front-runner for Jaypee Infratech with Rs7,350 crore bid

2018-04-15 livemint
New Delhi: Dark horse Lakshadeep Pvt. Ltd has emerged as the front-runner to acquire Jaypee Infratech with a bid of around Rs7,350 crore, but way lower than what the real estate developer had proposed to lenders a year back to pay off debt.
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RBI penalty not to have any material impact says IDBI Bank

2018-04-12 freepressjournal.in
Mumbai: State-run IDBI Bank on Thursday said a Rs 3 crore penalty imposed on it by the Reserve Bank of India (RBI) “will not have any material impact” on it. According to a BSE filing by IDBI Bank, the RBI imposed a Rs 3 crore penalty on it for non-compliance of ‘Income Recognition and Asset Classification’ (IRAC) norms.
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RBI imposed Rs 3 crore fine on IDBI Bank violation of asset classification norms

2018-04-12 freepressjournal.in
Mumbai: The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans. In an official notice, the RBI said the penalty was imposed on account of non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.
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IDBI Bank falls to 1-week low

2018-04-12 thehindubusinessline
IDBI Bank stock dropped as much as 3.1 per cent to Rs 69.8, lowest since April 4. - Bijoy Ghosh
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Market Update: CNX IT zooms 3.7% as TCS, Infosys jumps over 2%; Nifty PSU bank falls 3%; Jubilant Food at new 52-week high

2018-04-12 moneycontrol
The Indian equity market was trading on a positive note on Thursday morning with the Nifty adding 20 points at 10,421 mark while the Sensex was up 51 points or 0.14 percent.
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Market Update: Infosys jumps 4% ahead of results as Nifty IT zooms 5%; Tata Sponge up 14%; PSU banks drag

2018-04-12 moneycontrol
The Indian equity market was trading on a positive note on Thursday morning with the Nifty adding 37 points at 10,454 mark while the Sensex was up 174 points or 0.51 percent.
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CBI probing another loan of Rs 5,280 crore taken by Mehul Choksi from ICICI-led banks

2018-04-12 freepressjournal.in
Mumbai: The CBI is probing yet another loan of Rs 5,280 crore extended by a consortium of 31 banks led by the ICICI Bank to companies of absconding billionaire jeweller Mehul Choksi, officials said on Wednesday.
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