The company said there are delays/defaults in repayments of substantial dues to lender. Its current liabilities exceeded its current assets and its net worth has also been eroded as at September 30, 2018.

Evergreening is a practice whereby banks extend even more loans to debt-laden companies to help them repay previous loans and hopefully earn enough revenue along the way to get out of trouble.

Private lender ICICI Bank has dragged infrastructure major Punj Lloyd to National Company Law Tribunal (NCLT) seeking insolvency proceedings against the company under Insolvency and Bankruptcy Code (IBC).

It can be a pure-play `make-in-India' story in the making. Ever since the US has decided to pull out of the historic Paris Accord on Climate Change, the weather for the renewable sector in the country is turning out to be exciting. The reasons are many.

The S&P BSE Sensex was settled at 29,413.66, down 47.79 points while Nifty50 was ended at 9,139.30, 11.50 points lower.

Highway construction in India hits a record high but is still a long way off the governments ambitious target.

The 22nd edition of the Lloyd Business Today Pro Am of Champions 2017, one of India's most prestigious corporate Golf tournaments, was played at the Classic Golf & Country Club.

The 14 IPOs since April were subscribed over 32 times on average. Those of RBL Bank, Advanced Enzyme Technologies, Quess Corp, Mahanagar Gas, Thyrocare Technologies and Ujjivan Financial were subscribed 40 to 82 times.

Punj Lloyd shares on Thursday ended over 5 per cent lower after a UK court asked the infrastructure major to pay USD 26 million (about Rs 175 crore) to International Finance Corporation (IFC) for their claims.

Brokerage Angel Broking expects upward bias to continue in the forthcoming days in the market. \"The immediate support is at 8,140-8,120 and intraday resistances at 8,220-8,250,\" said the brokerage.

On a cool bright Saturday morning, golfers teed off at the Classic Golf & Country Club for the 20th edition of the Lloyd Business Today Pro-Am 2016.

TATA Motors, Bharat Forge and US-based General Dynamics Land Systems (GDLS) have formed a partnership to bid for India's Rs 50,000-crore future infantry combat vehicle (FICV) project.

Engineering and construction major Punj Lloyd Ltd has bagged Rs 308 crore order for construction of luxury villas in Dubai, the UAE.

The joint venture has rolled out vehicles like Dost, Mitr, Partner, Evalia and Stile in India.