Budget 2021: Special window for big-ticket foreign investments likely Big-ticket foreign investors looking to invest in India could soon find their proposals getting quick treatment from the government. According to sources, the Centre is planning to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction. Read more
Round-2 of Sebamed-HUL ad war: German firm offers free test kits for soaps German personal care brand Sebamed, fighting Hindustan Unilever (HUL) in court over an ad campaign, has stepped up the war by launching a new campaign that offers free test kits to check the pH value of soaps. The verdict in the ongoing court battle is likely to be out on Tuesday. Read more
DHFL shares were locked in a 5 per cent upper circuit at Rs 27.50 on the BSE.
Shares of the Mumbai-based troubled shadow lender Dewan Housing Finance Corporation Limited (DHFL) were locked in a 5 per cent upper circuit at Rs 27.50 on the BSE after its committee of creditors (CoC) approved a resolution plan submitted by Ajay Piramal-led Piramal Capital and Housing Finance. Creditors of DHFL voted in favour of Rs 37,250 crore takeover bid submitted by the Piramal Group for the troubled shadow lender. (Track DHFL share price here)
DHFL, which was one of the country s top non-banking finance company in the past, accumulated total debts of almost Rs 1 lakh crore before defaulting on payments to its creditors.
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DHFL Case | Ex-promoter Kapil Wadhawan Proposes To Repay 100% To Creditors In 7-8 Years moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.