Reliance Infratel, HSBC Daisy reach settlement; NCLAT disposes of case

Reliance Infratel and its minority shareholder HSBC Daisy Investments (Mauritius) on Friday submitted final consent terms of their settlement before the National Company Law Appellate Tribunal (NCLAT) over the sale of tower and fibre assets.  Following this, the NCLAT Bench headed by Chairman Justice S J Mukhopadhaya disposed of the appeal filed by the Reliance Communications group firm.   The consent […]

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Bhagiradha Chemicals up 62% in 2 days after Ratnabali Investment buys stake

Shares of Bhagiradha Chemicals & Industries have rallied 19% to Rs 333 per share on the BSE in intra-day trade, surging 62% from their Wednesday’s low of Rs 206 after Ratnabali Investment Private Limited and Aditya Goenka bought nearly 15% stakes in agrochemicals company through open market. “On Wednesday, June 27, 2018, Ratnabali Investment Private Limited and Aditya Goenka had […]

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Girish Chandra Chaturvedi named ICICI Bank's non-exec part-time chairman

Private sector lender ICICI Bank appointed former bureaucrat Girish Chandra Chaturvedi as its non-executive part-time chairman on Friday. Chaturvedi is a 1977-batch IAS officer, who retired as the Oil Secretary in January 2013. The bank will now send Chaturvedi's name to the Reserve Bank of India for clearance. The term of M K Sharma, the current chairman of ICICI Bank, […]

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4 militants, including top leader, gunned down in J&K; cop, civilian killed

Four militants, including the head of the Islamic State Jammu and Kashmir (ISJK), were killed during a gunfight with security forces in Jammu and Kashmir's Anantnag district on Friday, police said. A policeman and a civilian were also killed in the exchange of fire between militants and security forces in a village in Srigufwara, a senior police official said. Police […]

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