Resolution professional Satyendra Khorania confirmed the extension of the timeline through an email response. Bidders for the distressed company include India’s largest private sector company, Reliance Industries, and Kolkata-based MCPI, which is a part of The Chatterjee Group (TCG).
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.