Essar Oil delisting

Mumbai, Dec. 23: Essar Oil's delisting today got through as the markets regulator Sebi gave its go-ahead to the Bombay Stock Exchange to accept nearly 2 crore shares tendered by the state-run LIC for the promoters' buyout offer. The delisting had got mired in "technicalities" on the last day of the offer on Monday, after a large block of tendered shares could not be "confirmed" within the stipulated time, prompting the BSE to refer the matter to the regulator.

CIL wagons

Calcutta, Dec. 23: Coal India today signed a memorandum of understanding with the ministry of railways to procure 2,000 high-capacity wagons (33 rakes) for coal loading in dedicated circuits. The Telegraph had reported the development on December 20.

Bankruptcy bill

New Delhi, Dec. 23: The Insolvency and Bankruptcy Code 2015, which seeks to provide an easy exit option for insolvent and sick companies, was today referred to a 30-member joint committee of the members of Parliament for further scrutiny. The committee will submit its report by the last day of the first week of the budget session, finance minister Arun Jaitley said, while moving a motion in the Lok Sabha.