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CENTBANK FINANCIAL SERVICES
Central Bank of India to open 150 branches, recruit about 1,400 officers in FY27: MDCentral Bank of India is planning a major nationwide expansion with the opening of 150 new branches across India. To support its growth str...
Future Enterprises' creditors scrap simultaneous vote for its assetsCreditors had divided FEL's assets into three clusters - insurance, textile businesses, and other residual stakes including its investments...
Future Enterprises gets bids for manufacturing units, insurance bizLenders had offered different parts of the company for sale after the initial attempt to sell the whole company failed to get substantial b...
Central Bank, 10 others file bids for Future Enterprises assetsLenders had divided the company's assets into three clusters - the company's stakes in insurance ventures, textile businesses and other res...
Future enterprises' lenders appoint PwC as sale advisorLenders have divided FEL into three clusters. The first is the company's stakes in its life and general insurance ventures with Italian par...
Future Enterprises' lenders hope for a better future, to restart biddingFEL used to develop, own and lease retail infrastructure for Future Group. It also held the group's investments in subsidiaries and joint v...
Jindal's Rs 301 crore Future bid shocks lendersIn a financial maneuver that has raised eyebrows, Jindal (India) has submitted a bid of ₹301 crore for the debt-laden Future Enterprises (F...
BC Jindal Group Co's the sole bidder for Future EnterprisesJindal's plan was the only one received by creditors till the end of business on Friday, the last date for submission of resolution plans f...
Reliance Retail, Jindal (India) make offers to acquire bankrupt Future EnterprisesFuture Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolv...
Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditorsFuture Lifestyle Fashions Ltd (FLFL) has said that claims worth Rs 3,477.28 crore from as many as 17 financial creditors have been admitted...
Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 crore from financial creditorsFuture Lifestyle Fashions has been hit with a claim of INR2,155.5 crore ($289.4m) by 12 creditors following its default on loans. Furtherin...
Tata Sons revokes pledges on five group cos’ stocksTata Steel said 7.56 million shares out of 14 million pledged have been released on March 25. Tata Motors, in a separate regulatory filing,...
Some of pledged TCS, Tata Steel, Tata Motors shares releasedTata Motors said 2,36,66,500 of its shares pledged to Centbank by the holding entity have been released.
Debenture trustee plans legal action against IL&FSBetween September 17 last year and March 18 this year, IL&FS failed to repay Rs 5,160.50 crore.
Large state-run PSUs face lossesQueries sent to those corporations remained unanswered till the time of going to press.
Crisis-hit IL&FS bond holders want a seat on boardIL&FS went into administration in October after the company defaulted on payment obligations.
IL&FS lenders seek resolution plan before mulling more loansIL&FS has sought a one year loan of Rs 3,500 crore to meet payment obligations.
During FY15-17 loans increased, revenues fell at firms linked to Deepak KochharNuPower Renewables reduced its debt to Rs 250 crore in FY16 from Rs 686 crore in FY15.
Centrum receives licence to start HFCSmall entrepreneurs and salaried employees with small private companies will be the primary target customers for the company as credit does...
- IL&FS floats first 25-year corporate bond at 9.35%
Infrastructure Leasing and Financial Services has floated a 25-year corporate bond - the first by a corporate entity.