Tag Archives: assets

Hind Rectifiers has proposed to sell the surplus assets at Dehradun Unit II, in view of expansion at Nasik plant. The Board of Directors of the company in its meeting held on October 30, 2018 proposed the same. Hind Rectifiers is engaged in developing, designing, manufacturing and marketing Power Semiconductors, ... Read More »

The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets. “The said valuables were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong based companies controlled by him after the registration of ... Read More »

Punjab National Bank is currently trading at Rs. 68.40, up by 1.25 points or 1.86% from its previous closing of Rs. 67.15 on the BSE. The scrip opened at Rs. 67.80 and has touched a high and low of Rs. 68.55 and Rs. 67.80 respectively. So far 127775 shares were ... Read More »

Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile, the bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets. ... Read More »

McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports. Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the conditions precedent by the company (Seller), the specified assets, being the Estates ... Read More »

McLeod Russel India has handed over the specified assets of the four Tea Estates of the company in favour of Luxmi Tea Company. Post completion of due diligence by Luxmi Tea Company (Buyer) and on payment of consideration by the Buyer as agreed, the specified assets, being the Estates & ... Read More »

State Bank of India (SBI) will purchase good quality assets worth Rs 45,000 crore from NBFCs (non-banking finance companies) which are facing liquidity crisis triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. Earlier, the bank had planned for a growth of Rs 15,000 ... Read More »

The border guarding force also released a 19-second thermal-imagery footage showing the destruction of a Pakistani picket across the border in retaliation to the unprovoked firing and shelling along the international boundary on May 19. “(Pakistan) Rangers called up Jammu BSF formation today and beseeched to stop firing,” a BSF ... Read More »

The high court judge, who upheld a worldwide freeze order and ruled in favour of 13 Indian state-owned banks to recover funds amounting to nearly 1.145 billion pounds in a judgment, took note of the fact that the 62-year-old businessman is contesting his extradition to India relating to “alleged financial ... Read More »