IANSHINDIThe Reserve Bank of India on Monday said Equitas Holdings Ltd has surrendered its NBFC licence, and accordingly its registration has been cancelled. The RBI, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled its CoR (certificate of registration), the central bank said in a statement.
As the company does not hold public funds therefore it may have voluntarily surrendered its certificate of registration, it added.
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Lenders Replace Go First’s Key Bankruptcy OfficialsLenders to Go First Airlines are seeking to take full control of the carrier’s resolution process at the National Company Law Tribunal (NCLT), having replaced key bankruptcy-related officials appointed by the company that took itself to NCLT.
Sekhmet, Nirma in Fray for Glenmark’s API BizSekhmet Pharmaventures is competing with Ahmedabad-based Nirma Group to acquire Glenmark Life Sciences (GLS), an 82.85% subsidiary of Glenmark Pharmaceuticals Ltd (GPL), as pharmacist promoter Glenn Saldanha looks to deleverage the balance sheet.
Master App in Works to Ease EV ChargingThe Centre is planning a master app that will show real-time availability of electric vehicle (EV) charging slots nearby on a map, to ease range anxiety and boost adoption.
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