Latest News Headlines Sat Sep 8 09:37:00 IST 2018

2. PM Modi meets global automotive companies leaders
3. PM Modi interacts with medal winners of the recently concluded 18th Asian Games
4. England 198/7 against India at stump on day 1 of final Test in London
5. Assam govt makes Asian Games medalist Hima Das as Sports Ambassador of state
6. J&K: One terrorist killed in encounter with security forces in Anantnag
7. 2-Day BJP national executive meet to begin today
8. Switching two-wheelers to electric can cut oil bill by Rs 1.2 lakh crore: NITI Aayog - Economic Times
9. Mahindra showcases electric three-wheeler range at MOVE 2018 - ETAuto.com
10. Petrol breaches 80-mark for the first time in Delhi; Diesel at Rs 72.51/ltr
11. US Defence Secretary Mattis meets Afghan President, discusses bilateral issues
12. Prez Kovind invites Czech cos to open defence manufacturing units in India
13. Huawei's Kirin 980 Is The World's First 7-Nanometer Mobile Chipset With 5G Support
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26. Judge will decide: Mallya on India arrival
27. Leading Russia media slams China for inflating GDP figures to suit needs of ruling class
28. 2+2 Dialogue reflects India-USA joint efforts to combat Lashkar-e-Taiba
29. Govt creating a 'Google' for 1,000-plus laws
30. 2+2 Dialogue reflects India-US' efforts to combat LeT
31. Amazon Business
32. Goodknight
33. Ad: Rentomojo
34. Hyundai to make Smart EVs in India for emerging markets
35. Street-bound IRCON plans to divest road projects to stay ‘asset-light’
36. Current account deficit in Q1 eases marginally to 2.4%
37. ₹ 25 lakh crore & counting, MF assets hit all-time high
38. Company offers to drop Stormy Daniels' hush-money agreement
39. Only the second Indian batsman to score at triple ton not being given a fair chance?
40. As Google turns 20, questions over whether it's too powerful
41. With Asia's third-largest economy making up for 15% of Hyundai’s global operations, the local unit has been given regional responsibility to decide on product portfolio and investment plans.
42. Nationwide strikes have been announced by the opposition parties across the country next week over record-high fuel prices which they blame on high taxes imposed by the government.
43. Company ready to hit the capital market with an initial public offer on September 17
44. Overall, BoP ends in a deficit, compared with a surplus last year
45. August inflows at ₹1.75 lakh crore as liquid /money market funds see bulk of inflows
46. “We need better technology to make the electric vehicles affordable in India.”
47. On Wednesday, Finance Minister Arun Jaitley had remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices, saying international oil prices are volatile and have not shown any linear movement.Opposition Congress has demanded that the Centre cut excise duty as was done by previous governments, which cut rates whenever international oil prices shot up.Almost half of the retail selling price of the two fuel is made up of central and state taxes. Prices have been on fire since mid-August, rising almost every day due to a combination of a drop in rupee value and rise in crude oil rates.The Centre currently levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel. On top of this, states levy Value Added Tax (VAT) - the lowest being in Andaman and Nicobar Islands where a 6 percent sales tax is charged on both the fuel.Mumbai has the highest VAT of 39.12 per cent on petrol, while Telangana levies the highest VAT of 26 per cent on diesel. Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel.Prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT.
48. Sources said Radhika Apartments was sold at a price of Rs 17,000 per sq ft for Rs 61 crore to Dhoot when the existing market price in the area was about Rs 25,000 per sq ft. In 2010, Dhoot said that the Videocon Group bought the building consisting 27 flats from ICICI Bank to house employees of its telecom venture which was launched in the city the same year.
49. Nepal gets access to all Chinese ports, ending dependence on India for trade
50. Chinese government’s top diplomat in Pakistan to meet new government
51. Donald Trump ups ante on China, threatens duties on nearly all its imports
52. Facebook didn’t do enough to check fake news, online abuse: Zuckerberg
53. Twinkle Khanna: I am not a feminist icon
54. International Literacy Day: Short story for kidsâ€"A Cloud of Trash
55. State asks urban local bodies to ‘spot fine’ those caught spitting, dirtying streets
56. Kei Nishikori cites Novak Djokovic’s ‘aggressive’ play in US Open exit
57. Over 3,000 suicidal patients treated by state emergency medical services in 4 years
58. Donald Trump warns of ‘devastating’ taxes on Canadian cars
59. Neymar, Roberto Firmino lead Brazil over US 2-0 in exhibition
60. Twinkle Khanna: I am not a feminist icon
61. J&K: Militant killed, cop injured in attack on police picket in Anantnag
62. Fuel prices continue to soar: Petrol at Rs 80.38/litre in Delhi, Rs 87.77/litre in Mumbai
63. The government said municipal corporations and councils in the A and B category should slap a fine of Rs 180 for dirtying streets, while those spitting in public places should be fined Rs 150. Those caught urinating and defecating on streets will have to cough up Rs 200 and Rs 500 each.
64. MC notice to attach drug smuggler’s house for not paying property tax
65. Setting aside party loyalties, women celebrate Kanu Priya’s victory in PU student polls
66. Wang will hold "delegation-level talks" with Pakistani Foreign Minister Shah Mehmood Qureshi and will also call on the Prime Minister and Chief of Army Staff…
67. International Literacy Day: Short story for kidsâ€"A Cloud of Trash
68. Alibaba co-founder Jack Ma to retire: Report
69. Tesla shares reel as executives quit and CEO Elon Musk smokes pot on webcast
70. Gujarat: Court rejects CID’s plea for Sanjiv Bhatt custody
71. US Open 2018 : निशीकोरीवर मात करुन जोकोव्हीच अंतिम फेरीत
72. Wang will hold "delegation-level talks" with Pakistani Foreign Minister Shah Mehmood Qureshi and will also call on the Prime Minister and Chief of Army Staff General Qamar Javed Bajwa, the foreign office said.
73. Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods on top of $200 billion in imports primed for levies in coming days.
74. Traders say the plan to connect the country with China could face issues due to a lack of proper roads and customs infrastructure on the Nepalese side of the border. The nearest Chinese port is also located more than 2,600 km from its border.
75. Rapper Mac Miller dies in Los Angeles at age 26
76. Donald Trump says US and Japan have begun talks on trade
77. September 8, 2018 9:14:19 am
78. September 8, 2018 9:05:47 am
79. September 8, 2018 9:08:46 am
80. Alibaba Group Executive Chairman Jack Ma attends the 11th World Trade Organization's ministerial conference in Buenos Aires, Argentina December 11, 2017
81. Middle East
82. The Real Story
83. The Chinese tycoon says he will resign as chairman on Monday to focus on philanthropy in education.
84. Alibaba's Jack Ma 'to step down
85. LeT militant killed as police repulses attack on picket in Anantnag
86. Xi congratulates on opening of forum honouring BRI's 5th anniversary
87. Beijing, Sep 8
88. Chinese President Xi Jinping has extended greetings via video conferencing on the opening of a business forum in Kazakhstan's Astana to celebrate the fifth anniversary of the Belt and Road Initiative (BRI).
89. Swachh Bharat: Amma to interact with PM on Sep 15
90. Empowering women to raise livestock
91. PM should come out with statement on reasons for poor econ situation, falling rupee: Cong
92. New Delhi, Sep 7 (UNI) Expressing concern over the skyrocketing prices of petrol and diesel and the falling value of Indian Rupee against the US Dollar, the Congress on Friday said said that Prime Minister Narendra Modi should tell the country about the reasons for the deteriorating economic situation, the sharp rise in petroleum prices and the fall in the value of the rupee.
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96. Company offers to drop Stormy Daniels’ hush-money agreement
97. Daniels, whose real name is Stephanie Clifford, claims she had an affair with Mr. Trump in 2006, which Mr. Trump denies, and was suing to invalidate the nondisclosure agreement.
98. Researchers look overseas for radar images of floods
99. ISRO’s RISAT-1 was decommissioned last year
100. SIT makes 13th arrest in Gauri case
101. Gets custody of Sudhanva Gondhalekar
102. Hindunomics: From State To Wealth To Dharma To Happiness 
103. Books For A Dharmic Generation: The Essential Reading List
104. There Is More To The Sofia-Soundararajan Episode Than Meets The Eye
105. Law Commission Report On UCC: Can We Have Some Coherence, Please?
106. Arrest Of Urban Naxals: ‘Don’t Tell Us We Are Wrong,’ Judge Who Called Dissent Safety Valve Of Democracy Tells Police
107. R Jagannathan
108. Aravindan Neelakandan
109. Nithesh S
110. Swarajya Staff
111. Prolonged deployment in counter-terrorism operations in Jammu and Kashmir and northeast creates a negative impact on the physical endurance and mental health of a soldier, says an officer | PTI
112. Women, dalits living in fear: Manmohan Singh on Modi govt
113. Militant killed during failed weapon-snatching bid
114. Alibaba co-founder Jack Ma announces plans to retire at 54
115. Modi govt undermining values that democratic polity should protect: Manmohan
116. September 08, 2018
117. By Namrata Biji Ahuja
118. PM Modi promises 'charged, connected, clean mobility
119. September 07, 2018
120. Do you know? Implied Volatility has one of the highest success rates in catching market tops and bottoms
121. Reports on Musk security clearance under review are inaccurate: US Air Force
122. Filled with Cautious Hope After New Imran Khan Govt in Pak, Says High Commissioner Bisaria
123. Militant Killed, Policeman Injured in Attack on Police Picket in J&K
124. Want to grow your portfolio to Rs 100 crore? Follow these 6 tips by Ramesh Damani
125. 2 hours ago
126. Petrol Price Crosses Rs 80 Per Litre Mark In Delhi 
127. Oil Posts Weekly Loss As Emerging-Market Rout Threatens Demand
128. Saturday, September, 08, 2018   09:21:23 AM
129. Didn't get kickbacks: Former Chennai top cop on gutka scam
130. Judge to decide: Liquor baron Vijay Mallya on India arrival
131. Complaint against Girish Karnad for Urban Naxal placard
132. Farhan Akhtar’s new English track ‘Rearview Mirror’ out
133. Ram Nath Kovind meets Czech Republic PM Andrej
134. Fmr Nixon aide troubled by Kavanaugh
135. Assam CM felicitates Asian Games medal winner Hima Das
136. all persons arbitrarily detained
137. Paltan Box office collection day 1: पलटन ने की धीमी शुरूआत, जानिए पहले दिन की कमाई
138. பேரறிவாளன் உட்பட ஏழு பேரையும் எப்போது விடுதலை செய்யும் தமிழக அரசு?
139. https://proxy.markets.businessinsider.com/cst/MarketsInsiderV2/Share/chart.aspx?instruments=300013,998313,151,333&style=miniweiss5025&period=IntradayAvailability&timezone=Eastern Standard Time&la=2&height=30&width=60
140. https://proxy.markets.businessinsider.com/cst/MarketsInsiderV2/Share/chart.aspx?instruments=1,998407,234,534&style=miniweiss5025&period=IntradayAvailability&timezone=Eastern Standard Time&la=2&height=30&width=60
141. DARPA artificial intelligence
142. Pixel 3 XL Release Date
143. mSpy Spying App
144. Nokia 9 Release Date
145. Netflix September Releases List
146. Xbox One voice commands
147. August Lock Price
148. Wireless Camera For Smartphones
149. exoplanet wolf 503b
150. iOS 12 Release Date
151. 4K TV Deals On Amazon
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154. Global and Chinese Alcohol Pads Market Research Report 2018 Analysis And Forecast To 2023
155. Global Disposable Medical Catheter Market Forecast 2018-2025
156. Global Pawn Shop Software Market Research Report 2018 to 2025
157. Toothwash Equipments Market Marketplace Growing factor’s Analysis and Forecast from 2018
158. Global Diamond Jewlery Market Forecast 2018-2025
159. Global Payment Processing Software Market Forecast to 2018-2025
160. Hair Loss & Growth Treatment Market by Size | Growth | Analysis | Trends and Forecasts to 2018-2025
161. Pediatric Software Market: Global Industry Analysis, Share, Growth and Forecast to 2025
162. திமுக மாவட்டச் செயலாளர்கள் கூட்டம் : அண்ணா அறிவாலயத்தில் காலை 10 மணிக்கு ஆரம்பம்
163. Chinese government's top diplomat in Pakistan to meet new government
164. Donald Trump ups ante on China, threatens duties on nearly all its imports
165. Signorelli Insurance Services, LLC
166. Iraqi protesters are seen near the burnt Iranian Consulate in Basra, 7 September 2018
167. Tulsa Fire Department prepares for Gathering Place emergencies
168. Medical marijuana dispensary coming to Muskogee
169. Black Wall Street Gallery opens in Greenwood District
170. Paul McCartney plays concert at New York's Grand Central
171. Company set up by Trump lawyer drops plans for $20 million lawsuit against Stormy Daniels
172. BitForex to continue to run the reward system
173. Litecoin (LTC) Price Analysis: CASA Litecoin Lightning Nodes Could Increase LTC Demand
174. USW Members Vote Overwhelmingly to Authorize Strike at U.S. Steel
175. Honorary S. Phillip Brown is recognized by Continental Who's Who
176. Global Superdisintegrants Market 2018-2023: Increasing Adoption of Orally Disintegrating Tablets, Growing Generics Market, and the Emergence of New Superdisintegrant
177. Eldorado Stone enhances distribution services and efficiency with relocation of facility in Washington
178. Allegiant And Las Vegas' Leading Entertainment Venue, T-Mobile Arena, Announce Multi-Year Partnership
179. Spirit Chief Executive Officer Speaking at the Morgan Stanley Laguna Conference
180. Cytogel Pharma, LLC. Announces the appointment of Alan W. Dunton, M.D. to its Board of Managers
181. Decrease Font Size
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183. View all posts by Maren Estrada
184. View all posts by Zach Epstein
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188. View all posts in BMW i3
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191. View all posts in Tesla Smart Home
192. Drone project shows Dutch Water Line in 360-degree aerial VR photos
193. Mavic 2 Pro saves it’s little brother the Mavic 2 Zoom
194. DroneRise â€" Inspire 2 shot at, not a Phantom prototype and Skydio news
195. DJI Inspire 2 drone shot out of the air in Ohio
196. Leaked photos are not a Phantom 5 prototype, DJI reaffirms
197. Lompoc Valley Inn & Suites's website
198. Signorelli Insurance Services, LLC's website
199. Global Hair Loss & Growth Treatment Market: Business Analysis, Scope, Size, Overview and Forecast 2025
200. Global Pediatric Software Market Growing Demand 2018 to 2025
201. Global Climbing Harness Market 2018 Research In-Depth Analysis, Key Players, Applications, Forecasts to 2025
202. 2018-2023 Nerve Pathology Chip Market Share and Profile Analysis Report
203. Global Approach Shoes Market 2018 Research, Industry Trends, Supply, Sales, Demands, Analysis and Insights
204. Acrylic Bathtub Market by Size | Growth | Analysis | Trends and Forecasts to 2018-2025
205. Global Fire Insurance Market Revenue and Growth Rate 2018-2025
206. Brachytherapy Equipments Market 2018: Global and Chinese Industry Analysis and Opportunity Assessment 2018-2023
207. All-Mountain Skis Market by Type – 2025 | MarketResearchNest.com
208. Global Fishing Nets Market: Business Analysis, Scope, Size, Overview and Forecast 2025
209. Sam Norman
210. Negative experiences on social media said to be strongly associated with depression
211. Facebook bug makes private posts of 14 million users public
212. NASA selects IMAP mission to study cosmic rays in heliosphere
213. Trump Kim meeting agenda could involve denuclearisation, bilateral relations
214. Human-like sense of disgust said to be present in Bonobos
215. Police Jobs
216. Financial institution Jobs
217. https://bgr.com/2018/09/07/darpa-artificial-intelligence-2-billion-investment/
218. Sat, 08 Sep 2018 09:07:24 +0530
219. Sat, 08 Sep 2018 09:07:32 +0530
220. 08-09-2018 | 9:07 am
221. Advanced Search
222. 2018 खत्‍म होने से पहले ही विराट कोहली तोड़ सकते हैं ये 5 रिकॉर्ड
223. भारत के लिए पहले राफेल का फ्रांस में चल रहा टेस्‍ट, अप्रैल 2022 तक सिर्फ एक कस्‍टम मेड एयरक्राफ्ट आएगा
224. BLOG: राम नाम सत्य है!
225. बायकोचे गिफ्ट नवरा कल्याण लोकलमधेच विसरला, पुढे काय झाले माहित आहे?
226. ആലിബാബ മേധാവി ജാക്ക് മാ സ്ഥാനമൊഴിയുന്നു; വീണ്ടും അധ്യാപനത്തിലേക്കെന്ന് സൂചന
227. Official Close 9/7/2018
228. Seattle Times
229. NewsBTC
230. 9/8/18 12:01 AM
231. 9/8/18 12:02 AM
232. Sat, 08 Sep 2018 03:52:36 GMT
233. Fri, 07 Sep 2018 12:32:08 GMT
234. PM Modi meets global automotive companies leaders
235. Prime Minister Narendra Modi held one-on-one meeting, with the leaders of various automotive and transportation companies from all over the world, in New Delhi yesterday.
236. PM Modi interacts with medal winners of the recently concluded 18th Asian Games
237. Prime Minister Narendra Modi today interacted with the medal winners of the recently concluded 18th Asian Games.
238. England 198/7 against India at stump on day 1 of final Test in London
239. In cricket, England were 198 for 7 against India at the stump on the opening day of the fifth and final Test match at the Oval in London yesterday. Jos Butler 11 and Adil Rashid 4 were on the crease when the stumps were drawn for the day.
240. Assam govt makes Asian Games medalist Hima Das as Sports Ambassador of state
241. Assam government has made Asian Games medalist Hima Das as the Sports Ambassador of the state. Chief Minister Sarbanand Sonowal has handed over the letter to Hima at a function in Guwahati yesterday evening.
242. J&K: One terrorist killed in encounter with security forces in Anantnag
243. In Jammu and Kashmir, one terrorist was killed in an encounter with security forces in Anantnag district this morning.
244. Fri, 07 Sep 2018 14:11:55 GMT
245. Fri, 07 Sep 2018 08:12:47 GMT
246. Working Papers
247. Sustainable Development
248. Total Hits >> 2,655
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250. September 7th at 11:34 PM
251. The Pentagon is going to spend $2 billion on AI because things are getting serious now
252. If North Korea’s dear leader wakes up tomorrow, takes a crazy pill and decides to lob a nuclear missile at the U.S. mainland, there’s a good chance the military will be relying on
253. Maren Estrada
254. 17 hours ago
255. Mobile app that spies on people leaked customer payment records, karmic balance restored
256. 1 day ago
257. September 7th at 6:54 PM
258. Nokia’s next smartphone has five Zeiss cameras on the back
259. Google is reportedly preparing to pitch buyers the idea that just a single-lens camera on the back of the Pixel 3 phones will deliver results just as good as two- or three-lens setups.
260. An ‘Avengers 4’ star slipped up and confirmed the ‘Infinity War’ deaths will be undone
261. 4 days ago
262. Netflix has 52 original shows and movies debuting in September – here’s the complete list
263. Zach Epstein
264. 5 days ago
265. You can now control your Xbox One with Alexa and Cortana
266. Jacob Siegal
267. People often shy away from smart locks because they think there’s a complicated installation involved that they don’t want to deal with. That’s true with some models, but you should definitely check out
268. Your phone can see anywhere with this crazy wireless camera, and it’s back down to just $30
269. 2 days ago
270. 7 paid iPhone apps on sale for free on September 6th
271. When astronomers search for exoplanets, the real goal is finding a distant world that might be within what scientists believe is the habitable zone. Those planets, which are just the right temperature to
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273. One of the oldest and most transparent malware tricks is the fake antivirus program, which gullible users are prompted to download with panicked banner ads and a dubious email from the FBI that
274. There is no better TV deal than this 50-inch 4K Fire TV for only $349.99
275. Google just confirmed what we already knew, that the Pixel 3 event will take place in New York on October 9th this year. That said, I’d usually tell you that we already know
276. Yoni Heisler
277. That hole in the International Space Station was caused by a drill, not a meteorite, and the search is on for the culprit
278. Scientists are now trying to clone the 40,000-year-old baby horse found frozen in Siberia
279. Amazon has unveiled a pair of new tablets today that, while we all know tablet sales in general are sinking like a stone, the company hopes might nevertheless still hold some appeal for
280. 09.24AM IST
281. Sign up now for Amazon Business for free!
282. How to keep your newborn safe during the monsoons
283. Why you should throw away your old phone now
284. The criticism of Chinese GDP figures in the leading Russian business daily is significant given that Sino-Russian economic partnership is strong.
285. Article at EconomicTimes.com with article id : 65728303
286. Article at EconomicTimes.com with article id : 65728182
287. Article at EconomicTimes.com with article id : 65728461
288. Article at EconomicTimes.com with article id : 65728371
289. Article at EconomicTimes.com with article id : 65728299
290. WASHINGTON (AP) â€" The company set up by Donald Trump's former personal attorney offered Friday to rescind Stormy Daniels' hush-money agreement and drop its planned $20 million lawsuit against the porn actress for allegedly violating the deal.
291. Article at EconomicTimes.com with article id : 65728175
292. Copyright:(C)Sat 08 Sep 2018, 09:17:342018Sat 08 Sep 2018, 09:17:34 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
293. Govt creating a 'Google' for 1,000-plus lawsMinistries and departments are now frantically digging out old but in-force laws, directives and orders.
294. 2+2 Dialogue reflects India-US' efforts to combat LeTSushma Swaraj’s reference to the LeT in her statement following the 2+2 dialogue indicates growing collaboration with the US against the terror group founded by Hafiz Saeed.
295. Copyright:(C)Sat 08 Sep 2018, 09:20:402018Sat 08 Sep 2018, 09:20:40 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
296. By Shannon PettypiecePresident Donald Trump said he’s ready to impose tariffs on an additional $267 billion in Chinese goods on short notice, on top of a proposed $200 billion that his administration is putting the final touches on.The implementation of tariffs on $200 billion of products from China “will take place very soon depending on what happens,” Trump told reporters Friday on Air Force One. “I hate to do this, but behind that there is another $267 billion ready to go on short notice if I want.”US stocks erased gains after Trump’s remarks, with the S&P 500 Index falling by 0.3 percent to the lowest in two weeks by 1:26 p.m. in New York. Trump latest tariffs threats, if he follows through, would more than cover the value of all goods the US buys from China, according to US government data from last year. The US imported $505 billion of Chinese products in 2017, Census Bureau figures show.Levying duties on all Chinese purchases would hit “every aspect of our American lifestyle -- so the clothes that we put on our back, the food that we eat, the cars that we drive, the shoes that we wear,” Hun Quach, vice president of international trade for the Retail Industry Leaders Association, said by phone.
297. Delhi woke up to a crude shock today as fuel prices hit a new lifetime high after they witnessed yet another hike across the country. Petrol prices went up by 39 paisa per litre and Diesel prices saw an upward trend of 44 paisa per litre in Delhi. With the latest hike in prices, Petrol crossed the Rs 80/litre mark in the national capital. A litre of petrol in Delhi now costs Rs 80.38 - a record high. It costs Rs 87.77 in Mumbai. Diesel is now priced at Rs 72.51 a litre in Delhi and Rs 76.98 per litre in Mumbai. Nationwide strikes have been announced by the opposition parties across the country next week over record-high fuel prices which they blame on high taxes imposed by the government.Petrol & Diesel prices in #Delhi are Rs.80.38 per litre & Rs.72.51 per litre, respectively. Petrol & Diesel prices… https://t.co/0QuKZWqvM0— ANI (@ANI) 1536368227000
298. Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.Lenders to these power plants had written to the Reserve Bank of India RBI seeking extension but the apex bank did not respond even as its Feb 12 circular mandates banks to take these plans to NCLT by Sep 11. Besides the central government and RBI, the companies have made banks party to the petitions, which were mentioned before the court on Friday requesting hearing on Monday morning, they said.The high court had in its Aug 27 judgment said any individual having urgency can approach the court with material facts. The court had refused interim relief to private power companies against the controversial RBI circular on stressed assets and pointed out that absence of lenders’ views weighed upon the verdict.RKM Powergen and IL&FS have approached the Chennai high court as a last resort to prevent their projects getting referred in NCLT and their matters have been listed for hearing on Monday. Punj Lloyd has also approached Delhi high court for the same purpose, the sources said.On Thursday, lenders decided to file cases for a dozen unresolved assets to the National Company Law Tribunal (NCLT) as mandated by the central bank upon advice from their lawyers. Legal firms have advised lenders that they need to approach the central bank if they want to continue with the process of bidding for bad assets outside the Insolvency and Bankruptcy Code (IBC).Bankers had expected to complete the bidding process for ownership change on some projects by the time the assets get admitted in NCLT. Insolvency Code also provides for withdrawal of projects from NCLT if 90% of the lenders agree. However, power companies said getting 90% lenders on board is a difficult task. Media queries sent to GMR Energy, RattanIndia Power and Essar Power remained unanswered.GMR Energy’s 1320-mw power plant in Chhattisgarh is closest to resolution with Adani Power as the highest bidder. Sources said the lead lender to the plant Axis Bank has written to RBI seeking special dispensation to the project but has not received any response yet. Essar Power has offered a one time settlement of Rs 3,800 crore for its 1,200-mw Mahan plant in Madhya Pradesh but a deal has not been finalised yet due to lack of consensus among lenders. Resolution for RattanIndia Power’s 1350-mw each Amravati and Nashik projects in Maharashtra are also on.The companies have prayed for deadline extension in anticipation that the resolution process for their projects could be complete.Lenders to RKM Powergen’s 1440-mw Ucchpinda plant in Chhattisgarh decided to restructure debt without ownership change but a last minute glitch hurdled the process. The resolution process to IL&FS Cuddalore 1200-mw plant has been stalled by an asset restructuring company that holds a small portion of the debt.The bankers are negotiating with companies like JSW Energy, Adani Power, Resurgent Power, Edelweiss ARC and others for selling stake in about 7-8 stressed power plants.
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