The much-tracked auction of Bhushan Steel saw a flurry of activity as the bid deadline got over at 6pm on Saturday, February 3.JSW Steel, Tata Steel and a consortium of Bhushan Steel's employees, possibly backed by a Singapore-based fund, have put in bids for the troubled steel maker.The company, which had accumulated debt of over Rs 50,000 crore, had been put up for auction by the National Company Law Tribunal (NCLT). The bids were submitted on Saturday at the Gurgaon office of Deloitte, whose Vijaykumar V Iyer is the IRP (insolvency resolution professional) for Bhushan Steel.Close It is learnt that other companies such as ArcelorMittal, UK-based Liberty House and Steel Authority of India, who had earlier submitted expressions of interest, did not submit bids for the company. "The company hasn't submitted a bid," said a source close to Liberty House, owned by NRI billionaire Sanjeev Gupta. related news Pharma market grows 14.5% in November, respiratory drugs lead Future … [Read more...] about Bhushan Steel auction: Tata Steel, JSW Steel and company’s own employees submit bids
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That phone of yours likely spends more time being a camera than it does being an actual phone, so give your photos the treatment they deserve with these handy editing apps. While a few offer paid extras if you’re looking to get a bit more involved, all have free versions that dole out plenty of functionality. advertisement advertisement 1. Great for general touch-ups The gold standard in desktop image editing, Adobe’s well-known Photoshop offering, is also available in a mobile-friendly version called Photoshop Express (Android, Apple). This is a solid everyday option for adding a little extra oomph to your photos, whether it’s straightening out crooked shots, sharpening grainy images, red-eye removal, or other effects. It’s got just enough to cover your photo-editing bases without getting too overwhelming. Plus, it offers the added bonus of being available for Windows computers so you can get comfortable with one interface across multiple form … [Read more...] about 5 great (and free!) photo editing apps
Ujjivan Small Finance Bank listed with a massive 56 percent premium over its issue price on December 12 despite volatility in the market.The stock touched an intraday high of Rs 62.8 on the National Stock Exchange (up 70 percent) after opening at Rs 58.75 against IPO price of Rs 37. The bumper listing was on expected lines given the strong response received for the company's IPO.Combined volume on BSE and National Stock Exchange was more than 20 crore equity shares.Close Ujjivan Small Finance Bank (USFB) is a subsidiary of microfinance lender Ujjivan Financial Services. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Most experts are now advising investors to hold the stock for longer term on the back of good fundamentals. Though some suggest investors can do partial profit booking and hold the rest for longer term."Ujjivan SFB's … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?
Historically, food aid has involved sending volunteers into war-torn or storm-ravaged countries to throw bags of rice off the back of a truck. But under the leadership of Ertharin Cousin, the United Nations’ World Food Programme–which fed 80 million people in 2014–is modernizing its approach. Cousin, a veteran supermarket executive and former White House liaison to the State Department, has introduced an SMS and voice-call system that lets the WFP assess immediate needs in distressed locations without having to send anyone there, saving time and money. (This system also allowed the WFP to safely manage the response to Ebola-impacted areas in Africa, where the WFP led logistics for the entire humanitarian community.) Another initiative provides needy people with cell-phone or bank-card e-vouchers that can be used to purchase goods from local vendors, helping inject much-needed cash into troubled economies. The organization’s stated goal of “zero … [Read more...] about Ertharin Cousin
Food writer Mark Bittman, one of America’s most vocal proponents for part-time veganism, has joined The Purple Carrot, a plant-based meal-kit startup. advertisement advertisement Bittman becomes a partner and the company’s chief innovation officer. The Boston-based company—which launched last year, delivering to 25 states on the East Coast—also announced today it is expanding operations to the West Coast, thanks to a new distribution center in Los Angeles that will serve California, Oregon, Washington, Colorado, Arizona, Nevada, Utah, and New Mexico. “With this 10-year history I have of advocating for part-time veganism, this company is exactly right,” Bittman told Fast Company. “I feel like a lot of people want to eat more plant-based food but don’t know how, and this is a solution. If you do this, you know that two or three nights a week, you’ll be eating plant-based food.” In his new role, Bittman will be be … [Read more...] about Mark Bittman Joins The Purple Carrot, Makes It Easier For You To Eat Your Vegetables