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National Company Law Tribunal reserves order in insolvency petition against Bharat Sanchar Nigam Limited filed by Digispice Technologies Ltd. Digispice claims BSNL refused to pay for content and consultancy services. BSNL disputes bill amount and existence of running account. Digispice initiated insolvency proceedings. Supreme Court allows insolvency proceedings against government companies.
Several BSE500, midcap, and smallcap stocks gained 15 to 50 percent in August. Increased investment by DIIs and strong quarterly performance of these companies are among the factors that boosted investor confidence, say analysts