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The Mumbai-based non-banking finance company (NBFC) has also offered an additional upfront payment of ₹250 crore over and above its original amount of ₹3,240 crore in a petition filed before the court. The next date for the hearing is set for February 28.

This is the right time for India to attract investment amid a global diversification of supply chains and manufacturing, he told ET in an interview, calling for a focus on making the country competitive. Malpass is in India to attend a meeting of G20 finance ministers and central bank governors. He met Prime Minister Narendra Modi and finance minister Nirmala Sitharaman on Wednesday.

In a recent earnings call, the company said that for its standalone business in India, the automaker will meet its zero net-debt target. However, in the case of foreign subsidiary Jaguar land Rover (JLR), it said, net-debt zero targets may not be immediately achievable.

The Mumbai bench of the National Company Law Tribunal (NCLT), in two separate applications filed by the IndusInd Bank, has appointed Sanjeev Kumar Jalan and Mohit Mehra as resolution professionals for Zee Entertainment and Siti Network respectively. Jalan is a partner at BDO India in its restructuring practice.

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These disclosures require issuers and lead managers to provide access to material contracts and documents for inspection through online means apart from inspection at the registered office.Also, they should provide complete industry report as part of material documents for inspection both through offline and online modes and display draft offer document and offer document on the website of issuer company

The average cash holding of top 20 mutual fund houses by AUM was 5.9% at the end of January 2023>> For more such web stories click on the ET icon below

Eshwar Karra, CEO – Kotak Special Situations Fund at Kotak Investment Advisors said, We are delighted to partner with Biocon and this acquisition financing supports Biocon’s journey of becoming a world leading, fully integrated biosimilars enterprise.

​The MSCI India Index slid 1.5%, taking its losses from a Dec. 1 peak to more than 10%. Eight of the 10 Adani-linked stocks are part of the measure. They were the biggest decliners on the index on Wednesday.

The total FDI inflows, which includes equity inflows, re-invested earnings and other capital, declined to USD 55.27 billion during the nine months of the current fiscal year as against USD 60.4 billion in the year-ago period