Repeatedly tap on monsters to kill them.Click your mouse or tap on the screen where you want the Powerpuff Girls to fly to. The lower left corner of the game has a question mark button with gameplay instructions, though the instructions are mostly pictures.The welcome screen has a sound control button in the upper right corner.Click on the yellow and purple arrow in the lower right corner to start the game.It has proposed to appoint 10 nominee directors who will report to the NCLT for relevant plans for the road ahead.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.Fly around the city and protect citizenry from monsters and incoming comets and meteorites. A rescue-plan similar to the Satyam crisis is what the Centre may go for. The government has moved National Company Law Tribunal (NCLT) today to supersede the IL&FS board and change the company management. The absence of a quick strategy by the regulator and the government could translate into a solvency issue leading to a domestic credit crisis inflicting wounds on banks and mutual fund. But the problem is that the completion would take about 18 months. With the asset sale plan, it would be able to bring down debt by about Rs 30,000 crore. The company has already received firm offers for 14 projects, said people in the know. The Mumbai-headquartered company has identified at least 25 projects for sale, which include some road and power projects. The defaults by IL&FS have shut it out of the market, leaving it at the mercy of shareholders - Life Insurance Corp of India, Housing Development Finance Corp, Japan’s Orix Corp and Abu Dhabi Investment Authority - who have yet to sign off on the Rs 4,500-crore rights share sale. Lack of timely action exacerbated the problems. Cost escalation also led to many incomplete projects. The 2013 land acquisition law made many of its projects unviable. A major reason behind troubles of IL&FS is complications in land acquisition. Of this, nearly Rs 60,000 crore of debt is at project level, including road, power and water projects. The group with at least 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four associate companies is sitting on a debt of about Rs 91,000 crore. In the process, it has built up a debt-to-equity ratio of 18.7. The defaults sparked panic among equity investors even as several non-banking financial companies faced turmoil amid a default scare.Īs infrastructure became the central theme in the past two decades, IL&FS used its first mover advantage to lap up projects. The defaults also jeopardised hundreds of investors, banks and mutual funds associated with IL&FS. Consequent to defaults, rating agency ICRA downgraded the ratings of its short-term and long-term borrowing programmes. On September 15, the company reported that it had received notices for delays and defaults in servicing some of the inter corporate deposits accepted by it. IL&FS Financial Services, a group company, defaulted in payment obligations of bank loans (including interest), term and short-term deposits and failed to meet the commercial paper redemption obligations due on September 14. Other prominent shareholders include ADIA (12.56 per cent), HDFC (9.02 per cent), CBI (7.67 per cent) and SBI (6.42 per cent). As on March 31, 2018, LIC and ORIX Corporation are the largest shareholders in IL&FS with their stakeholding at 25.34 per cent and 23.54 per cent, respectively. IL&FS has institutional shareholders including SBI, LIC, ORIX Corporation of Japan and Abu Dhabi Investment Authority (ADIA).
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