NARCL#39;s net present value bid, submitted in the 10-hour-long “challenge mechanism” conducted by the committee of creditors (CoC) on Tuesday, constitutes Rs 3,200 crore in cash, a Rs 1000-crore jump from the previous plans offered, he said.
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JSW Steel, Hindalco, Coal India Ltd, Tata Steel and ONGC were among the top losers on NSE in today’s trade.
The group#39;s sales in India stood at 54,598 units in 2021.
Satya Nadella was speaking at Microsoft#39;s Tech for Good and Education showcase, an event that highlighted the impact created by technology in the areas of philanthropic work and education.
The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — by using his shares as collateral, according to the people.
The planned fund raising, which one of the sources said will close within two months, is an indication that investors may be starting to get more comfortable with Indian technology company valuations after the poor market performance in 2022 of some high-flying startups and amid a global tech sector rout.
San Diego-based General Atomics Aeronautical Systems (GA-ASI), a subsidiary of General Atomics, said its partnership with Bharat Forge Ltd will result in significant capability-building for both companies and provide an impetus to the Indian large, unmanned aircraft industry.
The authority will identify violations of building bylaws and town planning rules and then issue notices for their removal.
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