Business

Bankers come to a dedication to refer Future Retail to NCLT

Lenders led by Bank of India last week decided to refer Future Retail Ltd (FRL) to the National Company Law Tribunal (NCLT) for insolvency proceedings over recovery of dues, said two people aware of the development, a move that could further hinder the sale of retail assets to a unit of Reliance Industries Ltd (RIL).The…

Published

3 years ago

March 29, 2022

Shrishti

Bankers come to a dedication to refer Future Retail to NCLT

Lenders led by Bank of India closing week decided to refer Future Retail Ltd (FRL) to the Nationwide Company Legislation Tribunal (NCLT) for insolvency court cases over recovery of dues, acknowledged two other folk attentive to the enchancment, a switch that would additional hinder the sale of retail sources to a unit of Reliance Industries Ltd (RIL).The lenders have invited financial and technical bids from insolvency professionals (IPs) by March 29…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

1 year ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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