Articles for tag: Aditya, Bank, Brighter, Financial, Future, Hopeful, insolvency, Khaitan, McLeod, Remains, Resolutions, Russels, Turmoil

September 30, 2024

Amid insolvency turmoil, McLeod Russel’s Aditya Khaitan remains hopeful for bank resolutions and a brighter financial future.

Aditya Khaitan, chairman of McLeod Russel India, expressed optimism about resolving the company’s debt issues during the annual general meeting. Despite facing multiple insolvency petitions from creditors like State Bank of India and HDFC Bank, he remains hopeful that the banks will cooperate to establish a resolution. Khaitan highlighted the potential for a better fiscal ...

September 18, 2024

Market News

Business

Aditya Birla Capital secures RBI approval for merging with its subsidiary, poised to enhance capital adequacy and streamline operations.

Aditya Birla Capital Ltd (ABCL) has received approval from the Reserve Bank of India (RBI) for merging its wholly owned subsidiary, Aditya Birla Finance Ltd (ABFL), into itself. This merger aims to create a larger and more efficient non-banking financial company. ABFL is classified as an upper layer NBFC and is required to be listed ...

September 10, 2024

Market News

Business

Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.

Dixon Technologies (India) has recently announced plans to sell its 50% stake in the joint venture AIL Dixon Technologies to Aditya Infotech. The move comes with approval from India’s fair trade regulator, the CCI, which has also cleared Aditya Infotech’s acquisition of a stake in AIL Dixon Technologies. The joint venture specializes in manufacturing electronic ...