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The board of Ruchira Papers will meet today to consider the bonus issue while the board of TD Power Systems and Greencrest Financial Services will meet today to consider Stock Split. Also, the board of Kinetic Engineering, DSJ Keep Learning and Roopshri Resorts will meet today to consider the preferential issue of shares while the board of Suditi Industries will meet today to consider the rights issue.

Though asset quality of banks has continued to improve 67% of those surveyed reporting a drop in NPAs over the last six months, some sectors like textiles, infrastructure, retail, food processing, metals and iron and steel continue to show high level of NPAs.

“We are in discussions with various vendors for 5G (gear) procurements, and also with banks for funding arrangements….once these two things are in place, we will take actions for deployment of 5G,” Vi’s chief executive officer Akshaya Moondra said at the telco’s 27th annual general meeting Monday.

The NPA rate at 4.8% for borrowers who availed ECLGS facility is also lower than that of the borrowers who were eligible but did not avail the facility (6.1%), according to a report published by TransUnion CIBIL.

The deal was announced in March this year. Despite Citi losing market share on credit cards in India, Axis Bank says attrition of employees and customers in the business it was acquiring was within manageable limits.

Justice Sudhakar termed the issue a family dispute and not a typical company dispute while urging the two parties to enter a settlement which would allow Neelu Analjit Singh an honourable exit. He said that if no breakthrough is made on a settlement the case will continue to be heard on merits.

However, the Jalan-Kalrock Consortium, which has won the bid to acquire the company under the Insolvency and Bankruptcy Code (IBC), cannot place an order to buy aircraft until it obtains a no-objection certificate from its lenders, the people said.

The government is evaluating all prospective candidates and a decision will be taken based on market conditions, the official said, adding that EoIs for the IDBI Bank disinvestment will also be invited soon.

The shares were disposed of at an average price of Rs 615.14 apiece on BSE and Rs 614.79 on NSE, taking the combined transaction value to Rs 36.20 crore.

Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, informed that the board of directors have approved "raising of funds by way of issuance of listed, rated, secured, redeemable, transferable, non-convertible debentures upto Rs 250 crore in one or more tranches on a private placement to eligible investors