The revised terms, submitted on Friday, include upfront payment of ₹2,500 crore to lenders.

Banks have to investigate an RFA and form an opinion on whether there’s fraud within a period of six months.

Troubled NBFC, too, working on a turnaround plan with the help of Alvarez & Marshal.

Existing shareholders also declined to bring in further capital to support upcoming lender repayments, citing their latest infusion in Marc...

A few brokerages say the situation on the ground is not as weak as it looks.

India Ratings last week downgraded Altico Cap to "D" or default from 'A+' .

Another series of bonds worth Rs 30 crore is scheduled to mature late December.

Sachin Bansal is expected to buy up to 75% stake in Chaitanya Rural Intermediation Development Services.

Nifty futures on the Singapore Exchange were trading 6 points, or 0.05 per cent.

Current chairman Robert Petty is stepping down while continuing to remain on the board as non-executive director

The deals are keeping the pitch busy for both real estate developers and private equity players that are also keen on using the opportunity...

Piramal Fund Management and Clearwater Capital’s non-banking financial company Altico Capital have entered into an agreement to invest Rs 7...