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Lenders look to use ICA to resolve cases

Wednesday, December 12, 2018, 8:51 AM

Bankers are looking to adopt the ICA to resolve a-couple of stressed assets this month, seniors bankers told FE. Only 34-banks have signed ICA almost five-months after arrangement was made public. As-per Indian Banks' Association, 33 banks/financial institutions signed ICA for resolution of stressed assets in July, excluding Lakshmi Vilas Bank, which announced it had entered into ICA post the board's approval last-week.
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Commissioning of west coast refinery delayed by 3 years

Wednesday, December 12, 2018, 8:26 AM

The deadline for commissioning of the $44-billion mega refinery on the west coast of India has been extended by three years to 2025 as work on the world's largest refinery will start only by 2020 as the project is facing land acquisition hurdles. Global consulting firm Jacobs is working on configuration of the refinery which is expected to have 30% facility dedicated for petrochemicals.
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Mercedes ranked highest in sales satisfaction

Saturday, December 8, 2018, 10:18 AM

German carmaker Mercedes-Benz has topped sales satisfaction in the luxury vehicles segment followed by rival BMW in India, according-to-a-study by global market research firm JD Power. According to the J D Power 2018 India sales satisfaction index (luxury) study, Mercedes-Benz with a score of 903 ranks highest followed by BMW and Audi at second and third positions with scores of 900 and 888, respectively.

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