Page 6 - Dhfl
NCLT asks DHFL administrator to place Kapil Wadhawan's offer before CoC
The tribunal has asked CoC to convene within 10 days; DHFL's former promoter had earlier proposed to repay Rs 91,158 cr to lenders
 "NCLT asks DHFL administrator to place Kapil Wadhawan's offer before CoC")
Top headlines: Bitcoin plunges to $30,066; IOC returns to profit in Q4FY21
Business Standard brings you the top headlines this evening
 "Top headlines: Bitcoin plunges to $30,066; IOC returns to profit in Q4FY21")
IL&FS case complexities reveal what India's resolution mechanism is lacking
A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic
 "IL&FS case complexities reveal what India's resolution mechanism is lacking")
With DHFL buy, Piramal Capital to bring retail loan share to 75% from 11%
Another reason it is acquiring Dewan Housing Finance is to reduce its wholesale lending operations
 "With DHFL buy, Piramal Capital to bring retail loan share to 75% from 11%")
Shareholder of DHFL moves Bombay High Court, seeks stay on delisting
The regulation further provides that the floor price will be determined in terms of the Takeover Regulations
DHFL debt resolution to spill over into FY22
The lenders expecting to resolve one of India's biggest default worth Rs 90,000 cr in March quarter will have to wait longer
Top headlines: Govt likely to resume IBC filings, Tesla now accepts Bitcoin
Business Standard brings you top news of the day
 "Top headlines: Govt likely to resume IBC filings, Tesla now accepts Bitcoin")
DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal
On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance
DHFL gets no objection from RBI, files application with NCLT for resolution
DHFL on Thursday said it has received no objection from the Reserve Bank and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance. Earlier this week, DHFL had announced Piramal group's resolution plan getting approval from the RBI. Pursuant to the receipt of no objection from Reserve Bank of India as per Insolvency and Bankruptcy Rules, 2019, the administrator of Dewan Housing Finance Corporation Limited (DHFL) has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Limited (PCHFL) with the adjudicating authority NCLT, Mumbai Bench, DHFL said in a regulatory filing. The resolution plan has been approved by the Committee of Creditors (CoC). In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings. It was the first finance company to be referred to NCLT by the RBI using ...
DHFL auditor unearths another fraudulent transaction worth Rs 6,182 cr
According to findings of Grant Thornton (GT), these transactions happened over a period of time
 "DHFL auditor unearths another fraudulent transaction worth Rs 6,182 cr")
Top headlines: Rich PF investors may opt for debt funds, GST slab merger
Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here
 "Top headlines: Rich PF investors may opt for debt funds, GST slab merger")
Piramal group gets RBI approval for debt-ridden DHFL's acquisition
Plans to merge DHFL with its financial services business
 "Piramal group gets RBI approval for debt-ridden DHFL's acquisition")
Top headlines: RBI approves Piramal's DHFL plan; Apple lobbies with India
In Australia, Facebook has blocked access to news on its platform. More on that story in our top headlines
Stocks to watch: Vodafone Idea, Tata Motors, ONGC, DHFL, Airtel, Power Grid
Tata Motors, on Friday, said it has appointed Marc Llistosella as its Chief Executive Officer and Managing Director
 "Stocks to watch: Vodafone Idea, Tata Motors, ONGC, DHFL, Airtel, Power Grid")
Top headlines: 380,000 vaccinated so far, round-2 of Sebamed-HUL ad war
Big-ticket foreign investors looking to invest in India could soon find their proposals getting quick treatment from the government. Read Business Standard's top news pieces for the day
 "Top headlines: 380,000 vaccinated so far, round-2 of Sebamed-HUL ad war")
Piramal Enterprises: DHFL acquisition fast-forwards retail aspiration
Integration may take about six months, though execution may be a tightrope walk
 "Piramal Enterprises: DHFL acquisition fast-forwards retail aspiration")
Maharashtra Panchayat polls result LIVE: Maha Vikas Aghadi claims huge win
There are 27,920 gram panchayats in Maharashtra. Stay tuned for Latest LIVE news
 "Maharashtra Panchayat polls result LIVE: Maha Vikas Aghadi claims huge win")
Stocks to watch: HDFC Bank, Metropolis Healthcare, Wipro, Airtel, DHFL
Metropolis Healthcare said it will acquire Dr Ganesan's Hitech Diagnostic Centre
 "Stocks to watch: HDFC Bank, Metropolis Healthcare, Wipro, Airtel, DHFL")
Top headlines: WhatsApp defers privacy terms, low turnout for Covid shot
From WhatsApp deferring privacy terms to low turnout for the Covid shot, Business Standard brings you the top headlines
Banks to get 33% of dues spread over five years from DHFL resolution
The banks will be taking a huge haircut as compared to an average 45 per cent recovery in insolvency and bankruptcy cases
 "Banks to get 33% of dues spread over five years from DHFL resolution")
