A task force has been formed to set up power equipment manufacturing zones in the country, Union minister R K Singh said on Wednesday while directing domestic manufacturers to stop imports from countries "which are of concern". He also informed that the government is keeping a strict vigil on imports as the focus is to boost local manufacturing and reduce dependence on imports for power equipment.

The company said, as per the rules, the delisting offer would be deemed successful only if a minimum number of 8,38,00,030 offer shares were tendered and acquired at or below the exit price.

Uday Kotak is set to remain the Chairman of IL&FS for one more year as the Centre has extended his tenure on the group's board till October 2, 2021. The restructured board with the Kotak Mahindra Bank's MD as the Chairman was formed in October 2018 and was mandated to complete the resolution of the IL&FS and its group companies, which have a debt of over Rs 90,000 crore, through a fair and transparent process.

In his latest book 'Rebels With a Cause: Famous dissenters and why they are not being heard', published by PenguinRandomHouse,...