The National Company Law Appellate Tribunal (NCLAT) has granted permission to Sarda Energy & Minerals (SEML) to pursue a final approval from the bankruptcy court for its bid for SKS Power Generation. This decision overturns the lower court s ruling in October, which instructed the committee of creditors (CoC) to review its selection of SEML as the recipient of the 600 MW power producer.
GLOBAL MARKETS-Asia shares hit 15-month high as traders wait for CPI devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Asia shares hit 15-mo high malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
The surprising data will give investors plenty to think about. But fading rate cut hopes will also have ramifications for politicians facing the ballot box.
Battered Chinese stocks leapt to their largest one-day gain in two years on Tuesday and the yuan rose on a slew of signals that authorities are strengthening their resolve to support slumping markets. The yuan, which has been underpinned by firmer-than-expected central bank guidance in recent days, was also on the rise, lifting from Monday's three-week low to 7.1865 per dollar.