Radiant Life, KKR to take majority stake in Max Healthcare via merger

New Delhi, Dec 24: Max Hospitals Radiant Life Care Private Limited, a leading Indian hospital management company promoted by Abhay Soi and backed by global investment firm KKR, has entered into a transaction under which its shareholders will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited. According to a press […]

Companies raised Rs 6 lakh cr from markets this year

Companies raised Rs 6 lakh cr from markets this year

New Delhi, Dec 24: Indian companies have raised nearly Rs 6 lakh crore from equity and debt instruments in 2018, but volatile market conditions brought down the kitty by 30%. Additionally, political uncertainties ahead of the 2019 general elections may again cast a shadow on fundraising activities in the first half of the new year. […]

Avoid cap on remuneration of independent directors: CII to Govt

Avoid cap on remuneration of independent directors: CII to Govt

New Delhi, Dec 23: Industry chamber CII has urged the government not to cap remunerations of independent directors under the amendments to the Companies Act, 2013. It appears from the ‘Report of the Committee to review offences under the Companies Act, 2013’ that the intent behind this amendment is to cover the remuneration received by […]

NCLAT quashes insolvency proceedings against NCR realty firm

NCLAT quashes insolvency proceedings against NCR realty firm

New Delhi, Dec 23: The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Paramount Propbuild, noting that no notice was served to the NCR-based real estate firm before initiating the debt recovery process. The appellate tribunal dismissed the application filed by Ultimate Infracity, an operational creditor of the company and directed […]

Finance Commission warns against fiscal slippage amid farm loan waiver push

Finance Commission warns against fiscal slippage amid farm loan waiver push

New Delhi, Dec 23: Finance Commission Chairman N K Singh sounded a note of caution against fiscal slippage, saying it would adversely impact the country’s macroeconomic stability as well as investment climate. The remarks come in the backdrop of several states, including Madhya Pradesh and Rajasthan, which witnessed a change of government, announcing farm loan […]

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