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The US stock ended mixed in the overnight session as a rotation out of growth stocks drove the Nasdaq 100 Index into a technical correction and offset stocks that rose on hopes the $1.9 trillion Covid-19 relief bill will spur the US economic recovery. The Nasdaq Composite dropped 2.41% to its lowest close since November and is now down 11% from an all-time high in February. The S&P 500 lost 0.54% while the Dow hit a record high and rose 0.97%. Asian stocks mirrored the sentiment in US stocks and were trading mixed. Japan s Topix index rose 0.4%, Australia’s S&P/ASX 200 Index added 0.7% while Kospi index fell 0.7%.
At meeting held on 09 March 2021The Board of R Systems International at its meeting held on 09 March 2021 has transacted the following:
1. Took note of the National Company Law Tribunal, New Delhi (NCLT) order dated
01 February 2021 approving the scheme of Amalgamation of RightMatch Holdings
and R Systems International and their respective shareholders and
creditors.
2. Allotment of 8,828,489 equity shares of the Company to the shareholders of
RightMatch Holdings pursuant to the scheme of Amalgamation of RightMatch
Holdings and R Systems International and their respective shareholders
and creditors.
3. Cancellation & extinguishment of 8,828,489 equity shares of the Company as held by
RightMatch Holdings pursuant to the said scheme of Amalgamation.
Discom cannot terminate PPA with insolvent power company: SC
The Gujarat power distribution company had moved Supreme Court saying that neither the National Company Law Tribunal (NCLT) nor the NCLAT had the jurisdiction to stay the termination, which was done as per the clauses of the agreement
Dipak Mondal | March 9, 2021 | Updated 13:25 IST
Gujarat electricity distribution and trading company - Gujarat Urja Vikas Nigam Ltd - has been barred by the Supreme Court to terminate the power purchasing agreement (PPA) with an insolvent company - Astonfield Solar (India) Pvt Ltd.
The Supreme Court on Monday dismissed an appeal by the GUVNL against an order by the National Company Law Appellate Tribunal (NCLAT), which had earlier stayed the termination of PPA on grounds that the power generator - Astonfield Solar (India) - had filed for insolvency.