NCLT issued notices to Malvinder Mohan Singh, ex-Religare chief Sunil Godhwani and others, and also directed to maintain status quo over the shareholdings and composition of RHC Holdings board after the plea of younger brother Shivinder Singh.
NCLT has approved the swap ratio of 1:10 for the merger of National Multi Commodity Exchange (NMCE) with the Indian Commodity Exchange (ICEX), a top ICEX executive said.
Emaar Properties is looking for partners to develop some of the land parcels that it does not intend to construct.
The nation's largest lender State Bank today said banks will have to "abort" lending to infrastructure projects, especially to the power sector, because of the harrowing experience of the past decade as most such loans have turned sour.
The mega merger of Vodafone India and Idea Cellular has been cleared by NCLT, paving the way for creation of India's largest telecom operator worth over USD 23 billion with a 35 per cent market share.