Free Press Journal
  • L&T terms Bhushan’s resolution plan as discriminatory against operational creditors

    New Delhi : Larsen & Toubro Ltd (L&T), which is an operational creditor to Bhushan Steel Ltd, on Monday termed the resolution plan of debt-ridden firm as “discriminatory” and “arbitrary” saying its Rs 900 crore outstanding has not been given due priority by the Committee of Creditors (CoC).L&T, through its counsel claimed it to be an “operational secured creditor” of Bhushan Steel as it has also contributed into the company by providing

  • Don’t make sealing a ‘political’ issue: SC

    New Delhi : The Supreme Court on Monday asked the Centre, Delhi government and other authorities concerned not to make unauthorised construction and sealing of illegal structures in the national capital “political” issues.

  • Central stroke out Freunds to clinch WCG women’s crown

    Mumbai : Putting to good advantage their vast experience, Central Railway fought hard and showed better nerves as they overcame Freunds Red 6-5 via the sudden death tie-breaker in the Women’s final of the Willingdon Catholic Gymkhana 37th Victor D’Mello Memorial Trophy Rink Hockey Tournament – 2018, conducted under the auspices of the MHAL, and played at the Gymkhana’s floodlit tennis courts.

  • Firms to see dip in revenue growth, low margins in Q4

    Mumbai: India Inc’s revenue growth will slow down to 9 per cent in the January to March period on base effects, while the profit margins will shrink to a 12-quarter low of 18.6 per cent, a report said on Monday.

  • Ferrer leads Spain to Davis Cup semis

    Valencia : David Ferrer has defeated Philipp Kohlschreiber, 7-6 (7-1), 3-6, 7-6 (7-4), 4-6, 7-5 in an epic match, to help Spain to the Davis Cup semi-finals with a 3-2 victory over Germany.

  • Fitch: ICICI Bank to face reputational risk due to current allegations

    Mumbai : Global ratings agency Fitch said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar. It also said the current set of allegations, which comes amid instances of non-performing assets (NPA) in the banking system due to fraudulent lending, pose a reputational risk for the private sector lender.

  • POWERGRID secures project management consultancy contract in Bangladesh

    POWERGRID has secured project management consultancy contract for construction of 1×500 MW HVDC back to back station at Comilla North (Bangladesh) to transfer power through Surjamaninagar (India) – Comilla North (Bangladesh) with estimated project cost of Rs 1,064 crore and consultancy fee of Rs 21 crore from Power Grid Company of Bangladesh (PGCB). Apart from above, POWERGRID is already providing consultancy for construction of second block of 1×500 MW HVDC back to

  • Jharkhand will provide employment to 1 lakh youths, says Raghubar Das

    Mumbai/Kolkata : Jharkhand state government is looking at providing employment to one lakh youth through skill development this year. This was ensured by the Jharkhand Chief Minister Raghubar Das, who added that  here will be special focus on the six districts of the state.

  • Of 23,609 complaints, maximum corruption complaints against railways, banks: CVC       

    New Delhi : A large number of complaints of corruption were received against the rail-ways and government-owned banks, according to the latest report of anti-corruption body CVC. However, there has been an over 52-per cent decline in the number of corruption complaints received by the Central Vigilance Commission (CVC) last year as against 2016.