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.
The move is part of a stressed asset resolution plan that Simplex Infra management is working on.
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.
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.
The Kolkata-headquartered firm’s net revenue stood at Rs 2,848.34 crore, up 2.43 per cent from Rs 2,780.63 crore clocked in the year-ago-period.
Though cement prices remained weak in key markets in December quarter, Birla Corp was able to increase market share in West Bengal and Bihar.
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.
The Orient Eleganza range includes three alluring, distinctly-featured air-circulating luxury chandeliers. It is available in the price range of Rs 17,500 to Rs 23,500.
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.
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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