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The company had announced in May last year that it had signed an agreement for the sale of the asset at a price that will enable it to recover its entire investment. The company had invested $195 million in the greenfield project, which had not become operational yet.

Wadia Group may seek a waiver from the Insolvency and Bankruptcy Code rules that bar promoters from bidding for their own companies as the account with banks for the Go First airline is still standard. The promoters could stay in control by submitting Go First to voluntary insolvency before being declared an NPA by the banks.

According to an order reviewed by ET, the tribunal said handing over the custody of the shares in the Reliance Capital subsidiary would not alter the security interest of the bondholders. This could imply that these bondholders may be entitled to superior treatment over other creditors, experts said.

In February last year, the Chennai bench of the National Company Law Tribunal (NCLT) admitted the power producer for corporate insolvency after the promoter and lender failed in their repeated attempts to revive the company.

Ravi Kumar S, who quit Infosys to take charge of the US firm in January 2023, says while large-scale reorganisation is not required, the company will let go of 1% of its staff and rationalise office space.

The company, which acts as an incubator for new businesses for the ports-to-cooking-oil conglomerate, reported a consolidated net profit of ₹722 crore for the January-March quarter, up 138% compared with ₹304 crore a year earlier.

The brokerage said with the Nifty above 18,000, which is its year-end target for the index, there is little room for more upside. If the Nifty falls to 16,000, it would be a buying opportunity, said BofA. The Nifty rose 165.95 points, or 0.92%, to close at 18,255.80 on Thursday.

​Securities or stocks exhibit an Aggressive New Short when the average traded quantity for five days and cumulative Open Interest (OI) have increased, but their prices have decreased. ​

The two-wheeler maker’s operating profit for the quarter was Rs 410.3 crore compared to Rs 274.50 crore a year ago. The operating margin expanded marginally to 10.3% from 10.1% a year ago.

During the month, BSE received 401 complaints against 184 companies. Of the total complaints received, 396 were against active companies and five were against suspended firms, as per the exchange.The grievances received by the exchange from the investors pertained to non-receipt of money, non-receipt of equity shares, non-receipt of debt securities and non-receipt of corporate benefits and entitlements, among others