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The National Company Law Appellate Tribunal (NCLAT) today turned down the plea of UK-based Liberty House to stay the resolution process of Bhutan Power and Steel. A two-member bench of the appellate tribunal.For Expert Advice Click here: CapitalHeight .         The share price of oil-to-telecom major Reliance Industries was on an upward journey for the fifth consecutive day on Thursday, which helped it become the second company to hit $100 billion market capitalization after TCS in 2018. RIL had hit $100 billion market cap in 2008 as well, when the rupee was around 40 to the dollar. The Mukesh Ambani-led company's market capitalization stood at Rs 6, 85,736.98 crore at its record price level and TCS at Rs 7, 54,612.17 crore. (One US dollar = Rs 68.64).         Karnataka Bank has reported highest ever quarterly profit at Rs 163.2 crore, a growth of 22 percent over Rs 133.85 crore recorded is also expecting growth. The HCL Tec...

HCL Technologies was up 4% to Rs 995  on the NSE in early morning trade after the company said on Monday after market hours that it will consider share buy-back on July 12.The announcement comes within a month of Tata Consultancy Services (TCS), the country's largest software exporter, declaring an Rs 160 billion share buy-back programme at Rs 2,100 a share.HCL Technologies had last year offered buy-back of shares at Rs 1,000 apiece, a 17% premium over its prevailing trading price at that time. For expert advice click here: CapitalHeight .         Bandhan Bank, which hit a new high of Rs 585, up 5% on Tuesday, was trading at its highest level since listing on March 27, 2018. The stock gained 54% over the issue price of Rs 375.Since April 26, post FY18 results, Bandhan Bank has outperformed the market by surging 16% after the private sector lender reported 21% year on year (YoY) growth in net profit at Rs 13.46 billion. Net intere...

US tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world's two biggest economies took a high-stakes turn towards all-out trade conflict.China's commerce ministry said in a statement shortly after the deadline passed that it was forced to retaliate, meaning $34 billion worth of imported US goods including autos and agricultural products also faced 25 percent tariffs."China promised to not fire the first shot, but to defend national core interests and the interests of the people it has no choice but to strike back as necessary," the Commerce Ministry said in a statement. For 2 days free trail click here: CapitalHeight .         Punjab National Bank (PNB) has put on sale three non-performing assets to recover Rs 1.36 billion dues from the borrowers. "We intend to place these accounts for sale to ARCs/ NBFCs/other banks/FIs on the terms and conditions...

National carrier Air India has changed the name of Taiwan to Chinese Taipei on its website, following instructions from the government, an airline spokesperson said. China had raised concerns about Taiwan being described as a separate region by various airlines worldwide. The spokesperson said Air India followed the procedure as advised by the Ministry of External Affairs in updating the airline's website with respect to changing name of Taiwan. Air India operates flights to two destinations in China region -- Shanghai and Hong Kong. For 2 Days Free Trail Click here: CapitalHeight .         Prime Minister Narendra Modi's pre-election gambit to sharply hike state-mandated prices for summer crops, including rice, may mean little to millions of farmers, as the government lacks the storage and funds needed to buy most of the produce. The median increase in the so-called minimum suppor...

A section of a foot overbridge in Mumbai caved in over the Western Railway (WR) tracks during Tuesday morning's peak hours following incessant rain, leaving five persons injured, and creating a scare among the commuters, an official said. The crash has affected Mumbai's lifeline -- the suburban train services, which ferries around eight million commuters daily. The injured, who include one woman, have been admitted to the Brihanmumbai Municipal Corporation's R N Cooper Hospital in Vile Parle, a BMC official said. One of them is critical. Railway Minister Piyush Goyal has ordered an inquiry into the incident. For 2 expert advice click here: CapitalHeight .           On Air India's disinvestment, Prime Minister Narendra Modi has said his government doesn’t want to be accused of selling something cheaply. In an interview to Swarajya magazine, Modi said he disagreed with the perception that his government had been half-hearted at divesting from p...