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Reliance Capital: Deadline to bid for subsidiaries extended till December 17

Reliance Capital: Deadline to bid for subsidiaries extended till December 17

Finance
NEW DELHI: Reliance Capital Ltd (RCL), part of debt-ridden Anil Ambani-promoted Reliance Group, on Monday said the Committee of Debenture Holders has extended the deadline for submission of bids for the company's subsidiaries to December 17. With regard to invitation of "Expression of Interest (EoI) for submission of asset monetisation plan(s) for certain subsidiaries/ investments of Reliance Capital Limited, we hereby inform that the Committee of Debenture Holders has decided to extend the last date for submission of Expression of Interest to December 17, 2020," RCL said in a regulatory filing. Other than the extension in timeline, all other terms and conditions remain unchanged, it added. Monetisation process is under the aegis of Committee of Debenture Holders and the Debenture Truste...
Facility for obtaining electronic customer consent extended till March 2021 for life insurers

Facility for obtaining electronic customer consent extended till March 2021 for life insurers

Finance
MUMBAI: Regulator IRDAI has extended the facility for life insurers to obtain the consent of prospective policy holders electronically by three months till March 31, 2021. In view of the disruption of normal business activity following outbreak of the coronavirus pandemic, IRDAI in August, on an experimental basis, had permitted life insurers to obtain consent of customers for pure risk products (policies which do not involve any savings element) electronically till December 31. On a review of the working of the arrangement and on the basis of feedback from the life insurers, the Insurance Regulatory and Development Authority of India (IRDAI) has now extended the time period and the facility to all products. "Life Insurers are allowed to obtain the customer's consent through electronic m...

Deadline extended for tribes to seek broadband licenses

Technology
Tribes have another month to apply for a band of wireless spectrum to establish or expand internet on their landsBy FELICIA FONSECA Associated PressJuly 31, 2020, 11:27 PM3 min readShare to FacebookShare to TwitterEmail this articleFLAGSTAFF, Ariz. -- The Federal Communications Commission is giving tribes another month to apply for a band of wireless spectrum that would help them establish or expand internet access on their land — far less time than what tribes had sought. Tribes pushed to be first in line to apply for licenses for the mid-band spectrum that is largely unassigned across the western United States and can be used for fixed or mobile internet service. The licenses once were reserved for educational institutions. The tribal priority window opened in February and was set to cl
Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15

Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15

Finance
KOLKATA: Lakshmi Vilas Bank and non-bank lender Clix Capital, who have been exploring merger, have mutually decided to extend the deadline for completing the mutual due diligence till September 15. The previous deadline is expiring on Friday. Auditors of the bank, meanwhile, have cast doubts on whether the bank can continue as a going concern if its merger talks with non-bank lender Clix Capital fails. "There may be slight delay in the mutual due diligence and preparation of documents for regulatory requirements due to Covid situation and travel restrictions. Hence, both the parties mutually agreed to extend the exclusivity period till 15th September 2020," the bank said on Thursday evening. "Despite logistical challenges arising due to Covid-19 situation, we have made significant progress...
Astronauts to tackle another spacewalk on extended SpaceX mission

Astronauts to tackle another spacewalk on extended SpaceX mission

Science
July 15 (UPI) -- Two NASA astronauts plan to walk in space again Thursday to replace aging batteries on the International Space Station as part of an extended SpaceX mission. The spacewalk is to begin about 7:35 a.m. EDT and last up to seven hours, according to NASA, which will provide live-stream video coverage. Advertisement Astronauts Bob Behnken and Chris Cassidy will brave the extreme conditions of outer space for the third time in a month. Four spacewalks have been planned to replace batteries on the exterior of the space station. Behnken and astronaut Doug Hurley arrived at the space station May 31 as part of the historic return to human spaceflight from U.S. soil. The mission also marked the first time SpaceX carried people into space. NASA extended the historic trip to space -- ...