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A service for banking industry professionals · Saturday, December 9, 2023 · 673,939,140 Articles · 3+ Million Readers
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Bank Guarantee News Monitoring

  • Published on Dec 8, 2023

    Non-payment of dues: Court asks Surat Diamond Bourse to furnish Rs 100-cr bank guarantee

    A court has directed the Surat Diamond Bourse (SDB) to furnish a bank guarantee of Rs 100 crore within seven days to a construction firm in a case of alleged non-payment of dues of Rs 631.32 crore.The SDB has been dragged to the court by PSP Projects …

    Source: The Indian Express - Center-left
  • Published on Dec 8, 2023

    CERC Upholds Wind Developer’s Plea for ₹330 Million Bank Guarantee Release

    The Central Electricity Regulatory Commission (CERC) has ruled that the delay in adopting the tariff order by the Uttar Pradesh Power Corporation is a valid reason to claim an extension in the commissioning date for the generating station. It also ordered …

    Source: Mercom India - Neutral
  • Published on Dec 8, 2023

    FCAN warns of halting nationwide construction projects if immediate Rs 40 billion payments remain unsettled

    KATHMANDU: The Federation of Contractors’ Associations of Nepal (FCAN) has issued a warning stating that construction projects across the country will come to a standstill if the government fails to immediately settle outstanding payments of 40 billion …

    Source: Khabarhub - Neutral
  • Published on Dec 8, 2023

    Disgraced lawyer used £854,000 of clients' cash leaving 'trail of destruction'

    A shamed solicitor swindled his trusting clients out of hundreds of thousands of pounds, leaving a "trail of destruction" for his victims. Richard Hallows used his privileged position as a lawyer to take more than £854,000 from unsuspecting …

    Source: Daily Record & Sunday Mail - Left-wing
  • Published on Dec 8, 2023

    IIFL Securities stock settles 5 pc higher

    New Delhi: Shares of IIFL Securities settled 5 per cent higher on Friday after the SAT set aside Sebi's order prohibiting the company from onboarding new clients for two years. The stock of the brokerage firm rallied 5.13 per cent to settle at Rs 124. …

    Source: The Hans India - Neutral
  • Published on Dec 8, 2023

    PA approves Labour councillor’s 'unacceptable' care home on Naxxar ODZ land

    The Planning Authority has approved the development of a home for the elderly on ODZ land in Naxxar after the applicant reduced the height of the building by 1.6 metres. The project, proposed by Naxxar Labour councillor and minority leader Mario Brincat, …

    Source: Times of Malta - Neutral
  • Published on Dec 8, 2023

    Disgraced solicitor Richard Hallows jailed for using £854,000 of clients' cash

    A disgraced solicitor was jailed today for swindling hundreds of thousands of pounds from clients who trusted him. Richard Hallows, of Wold Court in Hawarden, Flintshire used his position to swindle more than £854,000, leaving behind a "trail of …

    Source: NorthWalesLive - Neutral
  • Published on Dec 8, 2023

    Debt financing for small and medium agri-business

    Naira notes Agosile Akinjide Dickson 1.0 Leveraging Customer Money: Strategic Offtaker Advances In certain agricultural sectors, such as the cocoa industry, a unique financial collaboration takes center stage: customers providing upfront funding to …

    Source: The News (Nigeria) - Uncategorized
  • Published on Dec 8, 2023

    IIFL Securities scrip rallies over 5 pc; hits 52-week high

    Shares of IIFL Securities rallied more than 5 per cent in the mid-session trade on Friday after the SAT set aside Sebi's order prohibiting the company from onboarding new clients for two years. In the intra-day trade, shares of brokerage firm IIFL …

    Source: Devdiscourse - Neutral
  • Published on Dec 8, 2023

    SWAZIPHARM REINSTATES E52M CLAIM AGAINST GOVT

    MBABANE - SwaziPharm Wholesalers (PTY) Limited has reinstituted the summons wherein it is demanding E52 million from government. Government will now be required to file a fresh request for further particulars, which SwaziPharm must respond to. In the fresh …

    Source: Times of Swaziland - Uncategorized
  • Published on Dec 8, 2023

    Hike in stamp duty proposed, barring property transactions

    The Karnataka government has presented a bill to amend stamp duties, aiming to increase revenue by broadening the collection base. The proposed amendment includes a substantial revision in stamp duty rates for various legal documents, such as adoption, …

    Source: The Times of India - Center-right
  • Published on Dec 8, 2023

    How to rent a flat in Spain without a NIE number

    How to rent an apartment without a NIE Rental contracts and requirements when finding a flat in Spain are essentially the same for foreigners as they are for Spaniards. The main thing that changes is the type of identity document that the prospective …

    Source: The Local - Spain - Neutral
  • Published on Dec 7, 2023

    Masdar and Voltalia to build two solar power plants in Uzbekistan

    Masdar and Voltalia to build two solar power plants in Uzbekistan Masdar and Voltalia to build two solar power plants in Uzbekistan 07/12/2023 14:40 Tashkent, Uzbekistan (UzDaily.com) -- Abu Dhabi Future Energy Company - Masdar from the UAE and …

    Source: UzDaily - Pro-Government
  • Published on Dec 7, 2023

    SAT sets aside SEBI order restraining IIFL Securities from taking new clients

    New Delhi: The Securities Appellate Tribunal (SAT) has set aside the Securities Exchange Board of India (SEBI)’s order restraining IIFL Securities from taking new clients for a period of two years, and has reduced the penalty imposed on the brokerage firm …

    Source: The Hans India - Neutral
  • Published on Dec 7, 2023

    SWAZIPHARM WITHDRAWS E52M CLAIM AFTER GOVT DEMANDS PROOF

    MBABANE - A day after government made five demands, SwaziPharm Wholesalers (PTY) Limited withdrew its summons, wherein it was demanding E52 million from the former. SwaziPharm Wholesalers (PTY) Limited, which offers various products, services, …

    Source: Times of Swaziland - Uncategorized
  • Published on Dec 7, 2023

    Stamp duty to go up in Karnataka, govt tables Bill during Winter Session

    The Karnataka government tabled a bill in the Legislative Assembly Thursday proposing a two to six times rise in stamp duty for mortgage deeds, limited liability partnerships, certified copies of documents, and other agreements.The Karnataka Stamp ( …

    Source: The Indian Express - Center-left
  • Published on Dec 7, 2023

    HPCL Invites Bids for 100 MW Solar Project in Andhra Pradesh

    Hindustan Petroleum Corporation (HPCL) has invited bids to design, engineer, supply, construct, erect, test, and commission a 100 MW solar power project at Galiveedu village in Annamayya district, Andhra Pradesh. The scope of work also includes five years …

    Source: Mercom India - Neutral
  • Published on Dec 7, 2023

    Bolstering the rights of workers in Malta

    In the last 10 years, Malta’s labour market experienced unprecedented levels of growth and success, fuelled by a buoyant economy across all sectors that has managed to maintain its trajectory even in the face of significant international risks. Today, the …

    Source: Times of Malta - Neutral
  • Published on Dec 7, 2023

    India's new EV policy aims to boost global electric vehicle players, including Tesla

    In a bid to encourage global electric vehicle (EV) manufacturers to invest and produce in India, the central government is developing a distinct EV manufacturing policy. This initiative is set apart from existing subsidies under the Faster Adoption and …

    Source: CNBC-TV18 - Center-left

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