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In relief to RInfra, lenders sign inter-creditor pact

DNMUM439142 | 7/12/2019 | Author : DNA Money Correspondent | WC :485

Mumbai: Anil Ambani-promoted Reliance Infrastructure (RInfra) on Thursday announced that all its 16 lenders have signed ‘inter-creditor agreement’ in order to resolve the company’s debt.
As per the available figures, RInfra has a debt of around Rs 7,500 crore. Over a year ago, the company was sitting on a debt pile of about Rs 22,000 crore.
“Reliance Infrastructure’s 16 lenders have signed the inter-creditor agreement (ICA). As per the Reserve Bank of India’s circular of June 7, 2019, 100% of its lenders have signed ICA for the resolution of Reliance Infrastructure’s debt,” the company spokesperson said in a statement.
With this, RInfra has achieved a standstill for 180 days. According to the RBI circular, the resolution plan o
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ZEE5 ties up with Optimove
DNMUM439725 | 7/23/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :477

ZEE5, the fastest growing over-the-top (OTT) platform in the country, has entered into a strategic tie-up with Israel-based Optimove to bolster the performance of the platform based on a suite of services backed by insight, engagement and optimisatio
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FPI sell-off continues, Street down 3.75% since Budget
DNMUM439726 | 7/23/2019 12:00:00 AM | Author : Soumonty Kanungo | WC :526

Extending losses for the third session in a row, the domestic equity market witnessed heavy selling on Monday, on account of outflows by foreign portfolio investors (FPI) and weak start to June quarter earnings.The key benchmark indices were dragg

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Local airlines tank up on planes, shoot fares down
DNMUM439727 | 7/23/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :469

Mumbai: The competition to increase capacity among Indian carriers may end up hurting the already bleeding aviation sector, but it is helping fliers with cheaper fares.
Also, the ongoing lean season is expected to make things more difficult for
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Dabur lines up aggressive ad push for its power brands
DNMUM439728 | 7/23/2019 12:00:00 AM | Author : Ashish K Tiwari | WC :398

Dabur, one of India’s leading ayurvedic and natural health care companies, is working on an aggressive push for its power brands like Amla, Vatika, Red, Hajmola, Real, etc. The homegrown fast-moving consumer goods (FMCG) company will use a combina

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