Rolta India, a provider of geospatial and IT solutions to government and non-government organizations in India, said it received a notice informing it that Union Bank of India has started insolvency proceedings against the company. The proceedings have been started in the National Company Law and Appellate Board on 17 days ago. “The company has […]
Fitch Ratings has withdrawn its ratings on India-based Rolta India Limited, after the Indian IT company said it was no longer interested in continuing with the arrangement. “Fitch is withdrawing the ratings as Rolta has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the rating. […]
Rolta India Ltd said it was unable to pay bank dues and interest on some of its bonds due to a liquidity constaint caused by delays in collecting dues as well as large investment into a “prestigious project”. Replying to a query from the BSE, the company said it has already put out an update […]
Rolta India, which has found itself in the midst of allegations of financial impropriety recently, said it has appointed Distributors in China, Russia and Germany to extend its reach in these markets. “These partners will promote Rolta solutions including BI and Big Data Analytics with a special focus on the flagship Rolta OneView™ Enterprise Suite,” it said. […]
