Snippets

SEBI alleged that Standard Chartered Bank acted as a DDP, and failed to report instances of delay exceeding six months.

The bank has invited bids as part of its recovery proceedings against the defaulting borrowers.

Adani Enterprises has secured NCLT approval for its resolution plan for Jaiprakash Associates, with the plan envisaging no recovery for equity shareholders due to inadequate liquidation value.

Tech Mahindra London will acquire 20% of Tech Mahindra Arabia from Midad for SAR 83.7M. Expected by July 15, 2026, Tech Mahindra will hold 100% of Tech Mahindra Arabia.

The company said the shutdown is a force majeure event and that it cannot quantify the impact at this stage. It is taking steps to restart operations and will update exchanges on any material developm

The board sanctioned the merger of Neelachal Ispat Nigam Ltd, with net assets of ₹2,365.81 crore and revenue of ₹5,701.06 crore in FY25. Shares of Tata Steel Ltd ended at ₹195.40, up by ₹8.25, or 4.41

The management is actively monitoring the supply chain crisis and exploring alternative sources of LPG or other resources to minimise operational impact. Shares of Kirloskar Ferrous Industries Ltd end

Key Points The role of proxy advisors in shareholder voting is changing, as some institutional investors take that decision-making in-house and regulators challenges the use of DEI and ESG factors in

Businessman Rakeshkumar Kuldipsingh Wadhawan also features on the list with Rs 4,291 crore owed to banks.