Searched for
ARC RESOURCES ACQUISITION
Our target is to deliver on the returns we have promised, says Sudipta Roy, Chief Executive Officer, L&T FinanceL&T Finance's CEO Sudipta Roy discusses the company's cautious approach amid rising delinquencies in microfinance and unsecured loans. Desp...
DIPAM rejects PFC-REC debt resolution proposal for KSK Mahanadi projectDIPAM declined the debt resolution plan for KSK Mahanadi Power project by PFC and REC. NCLT paused sale in June 2022. Interested companies ...
Stressed asset investing: An alternative investment opportunity for HNIsARCs hold specialized expertise in asset valuation, negotiation, and legal procedures, crucial for navigating the complexities of a stresse...
Resolution ecosystem to get a fillip with new rulesThe RBI is working to establish necessary recognition and resolution measures and is working on the proposed securitisation of stressed ass...
Jio deposits Rs 3720 Cr in SBI escrow account to take major step to buy Reliance InfratelBillionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre asset of debt-ri...
Jio deposits Rs 3720 crore in SBI escrow account, completes buy of Reliance InfratelIn November, the National Company Law Tribunal (NCLT) in Mumbai had approved RITL’s acquisition by Reliance Project and Property Management...
Tata Steel eyes growth opportunities after paring debt beyond target“Tata Steel is well-positioned for both inorganic and organic growth opportunities,” Chandrasekaran said in the company's annual report for...
How the IBC came as a shot in the arm for these debt huntersThe passage of the IBC in 2016 has led to a fire sale of sorts and some of the marquee assets of India Inc are suddenly available at a huge...
British Indian steel tycoon Sanjeev Gupta reignites mothballed Tata furnace in UKThe N-Furnace at Liberty Speciality Steels in Rotherham, South Yorkshire, is an electric arc furnace which forms part of a multi-million-po...
From Essar to Tata, Gupta father & son duo turns messiah for troubled Indian assetsThe struggling steel businesses of the Tatas and the Ruias, as also many other businesses, have found a common benefactor in this family.
Fair value of Rupee is 72-73 against dollar: Rashesh Shah, EdelweissThe rupee has not depreciated when all other currencies have. Rupee should depreciate 7-8% to remain competitive on both exports and import...
Asset reconstruction companies need to get back in shapeWhat can be done to remedy the situation? ARCs must capitalise themselves adequately and raise resources to acquire assets from banks for f...
Finance Ministry looks at new ARC to tranfer all public sector banks toxic assetsThe finance ministry is examining the idea of setting up an ARC where toxic assets of all state-run banks can be transferred for quick disp...
- How IT is increasing efficiency for power utilities in West Bengal
All complaints handled 24x7 by five call centres. Integrated with mobile SMS platforms for status update. Unresolved complaints for 2 hours...
- IT is becoming the efficiency lever for power utilities
Year 2005: Kolkata, and West Bengal, suffer from sharp and sudden power outages. And much of the fault lies with sloppy fault attendance, l...
- Essar Global buys Minnesota Steel
Essar Global, the holding company of the Ruia empire, late on Wednesday night announced the acquisition of the US-based Minnesota Steel for...
- Behind the global gameplan
The well-thought out strategy behind Tata Steel’s move to go global became evident in ’04.