Business

RCFL resolution plot to creep forward

The Supreme Court has allowed creditors in the Anil Ambani-promoted Reliance Commercial Finance (RCFL) to go ahead with the resolution plan for the company, clearing implementation of the recovery plan more than a year after lenders had approved it.The court was deciding an appeal by the Securities and Exchange Board of India (Sebi) seeking a…

Published

1 year ago

September 3, 2022

Shrishti

The Supreme Court docket has allowed collectors within the Anil Ambani-promoted Reliance Business Finance (RCFL) to creep forward with the resolution plot for the firm, clearing implementation of the recovery plot bigger than a yr after lenders had authorized it.The court become once deciding an attraction by the Securities and Alternate Board of India (Sebi) hunting for a cease on balloting by collectors on yarn of it mandatory all bond holders to participate in such votes…
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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

7 months 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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