Currently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) othe...

Under the resolution framework, the company management had approved the transfer of four road assets (BKEL, BAEL, JIICL, and JRPICL) to the...

The fresh valuations showed that diamonds were of low quality lab prepared chemical vapour diamonds and other inferior colour stones and no...

IFCI is a lender to the core sector and infrastructure finance companies. Nabard is the refinance bank for the country's agriculture needs,...

The financier had filed two insolvency petitions against Reliance Naval and its subsidiary

Earlier, Kolkata-based tobacco to hotel conglomerate emerged as the highest bidder of the property in February last year with an offer of R...

Among other investors of the National Stock Exchange (NSE), public sector entities IFCI and IDBI Bank are also looking to further dilute th...

Financial institution IFCI has invoked one lakh shares of Bhushan Steel that were pledged by the debt-ridden company's promoter Neeraj Sing...

Late last week, an argument between the chief credit officer of the company and one of its vice-presidents degenerated into a fistfight.

Blackstone is invested in cos such as Moser Baer Energy, NSL Seeds, Monnet, CMS Computers, etc. Its investments through the PE route stands...

Gujarat Congress demanded removal of top executive of Gandhinagar-Ahmedabad Metro Rail Project Sanjay Gupta, saying he was declared as "def...

PFC Chairman and MD, Satnam Singh has said the company would seek approval for entering into banking space in the next board meeting.

ICICI Bank,the nation's largest private sector lender has moved the Debt Recovery Tribunal, New Delhi regarding its exposure of Rs 490 cror...

Surya Pharmaceutical, a Rs 1,650-crore mid-sized company, has become a victim of promoters' indebtedness.

The government is exploring the possibility of converting its zero-coupon optionally convertible debentures worth Rs 523 crore in IFCI.

The US-based private equity fund Newbridge Capital has opted out of the race to acquire strategic stake in the country's oldest financial i...

The beer giant along with Khetan Group, a business conglomerate of Indian origin partnering the former in Nepal, is in dialogue for a possi...