ED chief orders action against IBC frauds, large haircuts to promotersThe ED director has ordered increased action on IBC fraud cases. He also directed steps for police FIR delays in certain states. Investigat...
Vi eyes Rs 35,000-cr loan to fund next decade's capexVodafone Idea is arranging a significant loan to fund its capital expenditures. State Bank of India has approved a substantial portion of t...
Shapoorji Pallonji Group rethinks 18.37% Tata stake sale, valued at Rs 2.3 lakh croreShapoorji Pallonji Group is rethinking its Tata Sons stake sale plans. The Reserve Bank of India has directed Tata Sons to comply with list...
Insolvency regulator mulls tighter safeguards for personal guarantee insolvencyIndia’s insolvency regulator is proposing tighter safeguards for personal guarantor cases, including zero voting rights for related-party c...
The “other Hero” comes to Dalal Street: A Munjal family story with a market twistHero Motors, the Munjal family-controlled automotive technology company, is set to enter Dalal Street with a Rs 1,000 crore IPO. The compan...
How to get Rs 3 lakh/month from my Rs 2 crore EPF corpus?ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can continue to earn interest on the b...
Stocks in news: Swiggy, M&M, REC, Adani Power and Bajaj FinservIndian stock markets closed lower on Monday, extending their losing streak for four weeks. Investor sentiment remained subdued due to risin...
VC-backed B2B firms feel the weight of growth-era debtIndia’s venture-backed B2B firms are grappling with debt accumulated during high-growth years, with Zetwerk directing IPO proceeds towards ...
NCLT approves Shree Naman's Rs 1,800 cr bid for Gstaad, Neo HotelsThe bankruptcy court in Mumbai has greenlit Shree Naman Developers' ambitious acquisition valued at ₹1,800 crore for two hotel establishmen...
Subhash Chandra case: CBI lodges FIR against Essel Group chairman, others in Rs 1,322 cr fraudThe CBI registered an FIR against Essel Group chairman Subhash Chandra for alleged fraud. This action follows his opposition to a tribunal ...
NCLAT sets aside Zaveri Group's bid for Gujarat Hydrocarbons and Power SEZThe NCLAT has overturned Zaveri Group's resolution plan for GHPSL. This decision mandates a restart of the insolvency process with new bids...
Corporate stress remains benign despite IBC delays and deep haircuts: KotakIndia's corporate credit cycle is expected to remain stable in the near future. Strong corporate balance sheets and moderate debt levels su...
ED raids multiple locations in Kolkata in Rs 290 crore bank loan fraud case against Kohinoor PowerThe Enforcement Directorate conducted searches across multiple Kolkata locations on Thursday. This action is part of a money laundering inv...
Subhash Chandra insolvency case: NCLAT defers hearing to October 7NCLAT has deferred the insolvency proceedings against Zee founder Subhash Chandra to October 7 after his counsel challenged the constitutio...
Breather for creditors: New NCLT bench stays the approval of a repayment plan proposed by Subhash ChandraA special five-member NCLT bench stayed Subhash Chandra's repayment plan approval. The tribunal also restrained the Essel Group founder fro...
NCLT puts Subhash Chandra repayment plan on hold, bars him from alienating propertiesA special NCLT bench issued notices and banned property alienation in Subhash Chandra's insolvency case. The tribunal noted no majority vie...
NCLT forms 5-member special bench to decide Zee founder Subhash Chandra’s Rs 22,006-crore repayment planThe NCLT has constituted a five-member special bench to resolve the deadlock over Zee founder Subhash Chandra’s repayment plan after three ...