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The one thing former finance secy wants in Sitharaman's Budget

Announcement of a strategic disinvestment plan in the Budget will send a positive message, Garg said.

Special Operations Group

Jan 18, 2020, 03.56 AM IST

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Corporate law: How it could affect business operations

The acts of a company’s internal management are normally not interfered by a judicial review, unless these acts were in conflict with the law, and were generally seen to be prejudicial to the interest of a large section of the company’s shareholders. Verdicts under company law have tilted in favour of the larger interest of the company, as opposed to individual interest.

Indian Army conducts biggest airborne exercise ‘Winged Raider’ with over 500 Special Forces troops

The multidimensional exercise was preceded...

Change to state land laws may make M&As in IT parks smooth

A recent amendment to Karnataka’s land laws is expected to help developers of tech...

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  • It has proposed to release 55 companies from the moratorium. Some of these are under IBC process.

    Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said

    Last Friday, APSEZ announced an acquisition of 75 per cent interest in Krishnapatnam Port Company.

    The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise value of Rs 13,572 crore after prolonged talks to obtain the all-weather port in Andhra Pradesh. The all-cash deal will be funded through internal accruals and existing cash balance, the company said in a release.

    The contract for some 18 million euros (USD 20 million) calls for Siemens to supply rail infrastructure for the Carmichael mine in Queensland, near the Great Barrier Reef. "We have just finished our special meeting.... We have evaluated all the options and have concluded that we must fulfil our contractual obligations," said Siemens CEO Joe Kaeser in a message on Twitter.

    Liquidity pressure on builders on the back of the NBFC crisis led to a significant rise in consolidation across geographies, paving the way for joint ventures, development agreements and even outright sale of projects.

    The Adani Group company will buy the 40.25% stake of Gateway Distriparks for a consideration of Rs 296 crores. At Rs 44 per share, the deal gives a premium of 3.2% over Snowman Logistics’ closing price on the exchanges on Friday. The sale is expected to be completed within 45 days, as per a regulatory filing.

    Legal experts close to the matter said TCS might have decided to postpone the board meeting because it wasn’t expecting to get any hearing before January 9, when it is scheduled to consider thirdquarter results.

    According to the US Justice Department, the five men, based in Canada, Hong Kong, and UK, “operated an international procurement network of front companies that existed to acquire US-origin goods for AERO) and PAEC, and to cause those goods to be exported from the United States to the entities without export licenses in violation of federals law.”

    At a time when most Indian real estate firms are struggling, Virwani has managed to strike a cord with global partners like Blackstone, Warburg Pincus, Four Seasons and WeWork. While he has been making waves in Indian realty, he is not particularly well-known outside of Bengaluru. Here is a close-up account of the builder who bucked the trend.

    The NCLAT’s verdict reinstating Mistry has threatened to upend Ratan Tata’s 21-year legacy as chairman.

    China Railway Eryuan Engineering Group Co (CREEC) recently launched a survey for the Muse-Mandalay-Kyaukphyu railway line, part of the China–Myanmar Economic Corridor (CMEC) and the larger Belt and Road Initiative (BRI) in the region, EThas learnt from people familiar with the developments.

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