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IndusInd Bank Invokes 6 Crore Pledged Shares Of Jaypee Infratech – BloombergQuint
IndusInd Bank Ltd. has invoked 6 crore pledged shares, which make up about 4.32 percent stake, of the crisis-hit Jaypee
SBB Cargo to restructure wagonload business – International Railway Journal
SWISS Federal Railways (SBB) rail freight subsidiary SBB Cargo has revealed plans to substantially restructure its business operations over the
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By Cristina Harris
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IndusInd Bank Ltd. has invoked 6 crore pledged shares, which make up about 4.32 percent stake, of the crisis-hit Jaypee Infratech Ltd.

These shares were held by Jaypee Infratechs promoter Jaiprakash Associates Ltd., which is the flagship company of debt-ridden Jaypee Group. The group is facing protest from homebuyers for significant delays in completing of housing projects in Noida.

In a regulatory filing, Jaiprakash Associates informed that, IndusInd Bank Ltd. has transferred in its name 6 crore shares of Jaypee Infratech Ltd. held by the company which stood pledged in their favour.

Jaiprakash Associates had 89.5 crore shares, about 64.44 percent stake in Jaypee Infratech as on Dec. 31, 2017. Of the total shares held by it, 92.55 per…

Read the full article at: https://www.bloombergquint.com/insolvency/2018/03/05/indusind-bank-invokes-6-crore-pledged-shares-of-jaypee-infratech

SWISS Federal Railways (SBB) rail freight subsidiary SBB Cargo has revealed plans to substantially restructure its business operations over the next few years as it grapples with falling demand for wagonload services in Switzerland, which has led to significant losses.

Currently, 90% of the wagons are handled through around half of SBB Cargos 344 service points; it is this systemised service that SBB Cargo aims to develop further, with a regular, reliable and efficient product involving fast, frequent connections using reserved slots. This also calls for increased use of automation and digitalisation, and SBB plans to exploit innovations such as automatic coupling and brake controls through stationary cameras, tasks currently perfor…

Read the full article at: http://www.railjournal.com/index.php/freight/sbb-cargo-to-restructure-wagonload-business.html

Cristina Harris

By Cristina Harris