Company law tribunal orders panel to oversee FTIL’s asset sale

Chennai, June 17 : The National Company Law Tribunal (NCLT) has ordered the central government to set up a five-member committee to oversee the sale of investments of Financial Technologies (India) Ltd (FTIL). The members of the panel would be a retired Supreme Court judge, two independent directors of FTIL, the managing director of FTIL […]

Namibia assures uranium supply to India

By Mahendra Ved Windhoek (Namibia), June 17 : Namibian leaders have assured visiting Indian President Pranab Mukherjee that they would study the legal aspects on how to make possible uranium supply to India for its peaceful civilian nuclear usage. President Hage Geingob told Mukherjee, the first Indian head of state to visit the resource-rich African […]

IBM unveils new initiatives for Indian developers

Bengaluru, June 17 : IBM on Friday launched new global programmes and tools in India to boost developers’ skills around Cloud and emerging technologies such as Internet of Things (IoT). “The world will be re-written in code and much of it will be done right here in India,” said Vanitha Narayanan, Managing Director of IBM […]

Positive global cues buoy equity markets

Mumbai, June 17 : Positive global cues, along with value buying and a strong rupee, buoyed the Indian equity markets on Friday. Consequently, the key indices traded in the green during the mid-afternoon session, as healthy buying was witnessed in automobile, banking and metal stocks. The wider 51-scrip Nifty of the National Stock Exchange (NSE) […]

China’s Postal Savings Bank may file for up to $8 bln HK IPO next week -sources

By Elzio Barreto and Fiona Lau HONG KONG, Jun 17 : China’s Postal Savings Bank, the nation’s biggest lender by number of branches, may file for a Hong Kong IPO worth up to $8 billion next week, people close to the deal said, in what is expected to be the world’s biggest listing of the […]