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The National Company Law Appellate Tribunal (NCLAT) has restored claims worth Rs 593 crore of IL&FS Financial Service (IFIN) along with its voting rights in the committee of creditors in the ongoing insolvency resolution process of Attivo Economic Zones. Earlier the interim resolution professional of Attivo Economic Zones, a part of Kolkata-based Srei Infrastructure Finance (SIFL) and in the business of developing managing and marketing industrial parks, had on September 12, 2023, rejected the claims of the IL&FS group entity. IL&FS challenged this before the NCLAT which said it had already passed an earlier order "not permitting collapse of the Agreement with regard to Attivo Economic Zone (Mumbai)". Hence, "the very basis of issuing of letter dated 12.09.2023, rejecting the claim of IFIN is knocked out", said a two-member bench of the NCLAT which also consisted of Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra. "The letter dated 12.09.2023, issued ..

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TREND | 17 Jan 2025

Stock Of The Day: Macrotech Momentum Turns Bullish At Key Support; Bags Kotak's 'Buy' Upgrade

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Macrotech Developers reported record-breaking pre-sales and significant growth in collections in third quarter.

Infosys Q3 Results Review Guidance Lifts, But Commentary Cautious; Motilal Oswal Retains 'Buy' On The Stock

NDTV Profit | 17 Jan 2025 1 more

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TREND | 17 Jan 2025

Odisha to sign eight MoUs during Singapore President's two-day visit

Business Standard

Singapore President Tharman Shanmugaratnam is scheduled to visit Odisha for two days starting Friday, during which at least eight MoUs will be signed between the island country and the coastal state. The Singapore President's visit is coming to Odisha just days ahead of the business conference 'Utkarsh Odisha: Make-in-Odisha conclave', slated for January 28 and 29. Accompanied by a high-level delegation, including ministers, MPs, and officials, President Shanmugaratnam will arrive in Bhubaneswar at 11.30 am. Odisha Chief Minister Mohan Charan Majhi, other ministers and senior officials will meet him in a hotel later. In the afternoon, he will attend signing of the MoU seeking to extend cooperation in Technical and Vocational Education and Training (TVET) to further enhance the skill development ecosystem, particularly for the semiconductor industry in the state. Another MoU will be signed between Odisha Industrial Infrastructure Development (IDCO) and Sembcorp, Singapore. For the

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TREND | 17 Jan 2025

UK Ministers Intervene to Support Plans for New Chinese Embassy

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The UK's foreign secretary and home secretary have intervened in a dispute over plans for a new Chinese Embassy on the edge of the City of London, voicing their support for the new development.

Application Tech Support Practitioner, AI/ML Engineer, IT Architect Among Top Jobs Hired In 2024: Report

NDTV Profit | 16 Jan 2025

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TREND | 16 Jan 2025

Trade Setup For Jan. 17: Nifty Gains Positive Momentum, Faces Key Resistance At 23,450

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The easing of geopolitical risks and the positive global market trends can provide additional tailwinds for the market in the near term.

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TREND | 16 Jan 2025

Centre procures record 1.37 mn tonnes of soybean under MSP scheme

Business Standard

The Centre has procured a record 13.73 lakh tonne of soybean under the Minimum Support Price (MSP) scheme so far in the current marketing season, a senior agriculture ministry official said on Thursday. The procurement, undertaken to protect farmers from falling prices, has surpassed all previous records, with the last highest procurement being 19,483 tonne in 2018-19. "In soybean, we have achieved an all-time high procurement under PSS (Price Support Scheme). This was possible due to special efforts the ministry took to create awareness in states," the ministry official told PTI on condition of anonymity. The procurement represents 41 per cent of the total sanctioned quantity of 33.85 LT and has benefited 5.78 lakh farmers till January 13 of the 2024-25 kharif marketing season. The procurement is being carried out through nodal agencies Nafed and NCCF at a support price of Rs 4,892 per quintal across six states. Nafed has procured 9.78 lakh tonne, while NCCF has procured about 3.

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TREND | 16 Jan 2025

Technical Picks: Vinay Rajani of HDFC Securities suggests these two stocks to buy in the near-term

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Technical Picks: Vinay Rajani of HDFC Securities recommends these two stocks in the near term - GE Shipping and Equitas Small Finance Bank.

PVR Inox, Lodha, Glaxo: Should you buy these 5 oversold stocks? Find out

Business Standard | 16 Jan 2025

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TREND | 16 Jan 2025

Oracle Financial Q3 Review Result Miss, But Strong License Wins Support Healthy Outlook: Dolat Capital

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Oracle's management highlighted that on YoY basis, Q3 FY24 was a landmark quarter of record license wins ($49.5 million), implying a base effect playing out, adds the brokerage.