NCLT has rejected Binani Cement’s argument that Bank of Baroda’s application to initiate bankruptcy proceedings against it had technical flaws Source: Livemint.com (http://www.livemint.com/rss/industry)
As part of a bailout package, finance ministry is considering relaxing spectrum payment obligations, as a healthier telecom sector will be beneficial for govt finances as well Source: Livemint.com (http://www.livemint.com/rss/industry)
IDBI Federal Life Insurance is in the process of hiring investment banks to manage the 100% stake sale that could provide an exit to IDBI Bank, Federal Bank and Ageas…
Combined losses of state-run power discoms in 26 states and Puducherry fell 21.5% in 2016-17 due to efforts under UDAY scheme Source: Livemint.com (http://www.livemint.com/rss/industry)
The merger of Vodafone India and Idea Cellular will create India’s largest telecom company, eclipsing Airtel, and pose a formidable challenge to Reliance Jio Source: Livemint.com (http://www.livemint.com/rss/industry)
In a country with few smartphone users and low internet penetration, Reliance Jio’s latest offering JioPhone seeks to capture a huge untapped market Source: Livemint.com (http://www.livemint.com/rss/industry)
Indian telecom have traditionally steered clear of bundling phone and tariff plans, but Reliance Jio’s 4G feature phone can change that strategy Source: Livemint.com (http://www.livemint.com/rss/industry)
Amtek Auto has not objected to the admission of its bankruptcy case and requested NCLT to also consider its bad loan resolution plan Source: Livemint.com (http://www.livemint.com/rss/industry)
SBI’s petition for insolvency proceedings against Essar Steel is incomplete as it isn’t authorized by the bank’s chairman, says the steelmaker’s counsel Source: Livemint.com (http://www.livemint.com/rss/industry)
Airtel boss Sunil Mittal, in a letter to Trai chairman R.S. Sharma, says ‘at a loss as to why Trai should be considering bill and keep model’ and break away…