Anuradha Himatsingka

  • Indo-German startup incubator eyes eastern India

    Indo-German startup incubator eyes eastern India

    The relationship between India and Germany goes back centuries – not just economically but even culturally. Bilateral interactions between Indian prime minister Narendra Modi and Chancellor Merkel have lead to a reaffirmation of alignment along with technical and economic objectives.

    Banks identify Simplex Infrastructures as NPA, resolution plans underway

    Banks identify Simplex Infrastructures as NPA, resolution plans underway

    United Bank of India (UBI), the leader of a consortium of 28 lenders, has identified Simplex Infra account as 'non-performing asset' (NPA) in the third quarter of FY20, people familiar with the matter said. Bank of India too marked Simplex Infra’s Rs 24.33 crore in working capital loan as NPA in February.

    McNally Bharat close to reaching rescue deal

    McNally Bharat close to reaching rescue deal

    The lenders are currently evaluating the final binding offer and expect to take a final call before end-March 2020 so that the banks can comply with their provisioning norms as per central bank norms. The same investor is also working out the resolution plan of McNally Sayaji, a subsidiary of McNally Bharat, which will solve the problem of the entire infrastructure wing of the Williamson Magor group, the person said.

    iQuippo digitises co-lending programmes of banks & NBFCs

    iQuippo digitises co-lending programmes of banks & NBFCs

    The platform not only offers its customers an option to choose offers from different financial institutions; it also negotiates with them online on behalf of the financial institutions and customises offers according to their financing needs.

    Singapore Airlines to start fifth weekly flight on Kolkata-Singapore route

    Singapore Airlines to start fifth weekly flight on Kolkata-Singapore route

    In addition to Kolkata, SIA operates to five other points in India - Ahmedabad, Bangalore, Chennai, Mumbai and New Delhi. Scoot, SIA’s low-cost subsidiary, operates to seven points in India. These are Amritsar, Chennai, Coimbatore, Hyderabad, Trivadrum, Tiruchirappalli and Visakhapatnam.

    Nicco Corporation's liquidation: NCLT order may revive investor interest

    Nicco Corporation's liquidation: NCLT order may revive investor interest

    Rajive Kaul and daughter Pallavi Priyadarshini have been Nicco Corp’s nominee directors at Nicco Parks & Resorts. The bankruptcy court’s Kolkata bench in a December 18 order told the two, who were promoters of Nicco Corp, to leave the positions. Pallavi got a stay on the part of the order concerning her.

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