PNB auctions National Steel & Agro Industries to recover Rs 200Cr debt
Sun, Nov 28, 2021 4:28 PM

PNB auctions National Steel & Agro Industries to recover Rs 200Cr debt

Get it on Google Play
The Madhya Pradesh-based steel and agriculture company has been put for sale by the state-owned Punjab National Bank (PNB). The bank is planning to recover its outstanding of nearly Rs 200 crore through this sale as the National Steel and Agro Industries Ltd has a balance outstanding of Rs 199.90 crore to the bank. "We intend to place the account for sale to ARCs/NBFCs/other banks/FIs," PNB said.

More great flips

Shoppers Stop signs Yami Gautam for its Diwali ad campaign

Shoppers Stop signs Yami Gautam for its Diwali ad campaign

Shoppers Stop, an omnichannel retail chain, has established its latest Diwali campaign with actors Yami Gautam and Dhairya Karwa. Its "Nayi Diwali Nayi Soch' campaign focuses on the progressive side of modern Indian families that are traditional in their value sets but progressive in their outlook. The campaign will have four short stories about families evolving by adopting liberal ways.

Open Flip
Tata Industries to hive off 4 startup businesses to Tata Digital

Tata Industries to hive off 4 startup businesses to Tata Digital

Tata Industries will hive off some of its important startup businesses such as Tata Cliq, Tata Cliq Luxury, Tata CLIQ Palette, and Tata Health to Tata Digital in the next two weeks as parts of a motion to reduce the scalable ecommerce commodities under one roof. The development comes amid a larger group joining strategy led by its principal investment holding company, Tata Sons.

Open Flip
Udaan initiates multiple deliveries per day for pharmacies in six cities

Udaan initiates multiple deliveries per day for pharmacies in six cities

Lightspeed Venture Partners-backed B2B e-commerce firm Udaan has begun yielding goods to pharmacies four times a day across six cities and plans to scale up the service to other places after six to eight months. The 4X4 delivery service’ has been rolled out after a pilot program and obtaining extensive feedback from pharmacies in designated cities, which required enhanced delivery capabilities.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon