Kolkata-based conglomerate ITC Ltd. has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was finalized during a Board meeting on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL). In an exchange filing, ITC stated, “The Board of Directors of ITCHL, at the meeting … Read more
Synopsis In its lifetime every midcap company sees some headwinds. There are many examples from history which show the difference between the companies which have been able to survive and grow even after all the trouble is that of the parent company. A company belonging to a strong industrial group which has a track record … Read more
Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts. CEO Xia Haijun, a confidant of chairman Hui Ka Yan and who runs Evergrande’s day-to-day operations … Read more
Responding to the allegations, Dr Nick Lyons, executive medical director of Betsi Cadwaladr, said: “Even in this large health board area, we do not have the volume of complex vascular cases for teams to keep their skills and expertise up at each of the three acute hospitals.” Source link
The provisioning required by banks under the restructuring framework is lower, compared to the normal slippages into GNPA. Bank loans worth up to Rs 8.4 lakh crore are likely to be restructured by banks under the recently announced resolution framework for alleviating the Covid-19 related stress. Out of the overall loans set to be restructured, … Read more