State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday (January 22) announced that its board of directors has approved the submission of a plan to the Indonesian regulator for developing the Nunukan block's oil and gas reserves. The proposed plan, once approved and subject to meeting specified conditions, will involve an estimated investment of $121 million.
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The National Company Law Tribunal’s (NCLT) Delhi bench has dismissed Bollywood actor Akshay Kumar’s plea to initiate insolvency proceedings against ed-tech company Cue Learn Pvt. Ltd. Kumar had filed a plea against the edtech under Section 9 of the Insolvency and Bankruptcy Code (IBC) over the non-payment of ₹4.83 crore as part of a 2021 endorsement agreement, terming the dues operational debt.
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NDR InvIT Trust on Tuesday announced it has acquired a Grade-A industrial and warehousing portfolio for Rs 706.1 crore. Spread across Surat, Hyderabad, Bengaluru, and Pune, the strategic acquisition adds 2.01 million square feet (MSF) of fully operational, high-quality assets to NDR InvIT's growing portfolio it said.
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