Searched for
ASSET RECAST FIRMS
YC partner on AI's funding gap, Indian startups; TCS CEO talks IT's resilienceHappy Monday! Y Combinator’s Ankit Gupta told ET in an exclusive chat that AI money is crowding at the top while early founders scramble fo...- Iran war knocks on boardrooms: Corporates stare at a new riskIran War: Multinational corporations are no longer mere bystanders in conflict zones; they are now explicit targets. Iran's threats against...
- Some Indian ARCs are circumventing rules, says RBI's SwaminathanRBI Deputy Governor Swaminathan J. disclosed in a recent speech that some Indian Asset Reconstruction Companies (ARCs) have been skirting r...
- Restatement of IL&FS accounts uncovers Rs 9,600cr loss instead of Rs 1,869 cr profitSeveral top executives of the three companies and auditors associated with some of them now face criminal charges due to the irregularities...
- JC Flowers close to taking control of EPC company Soma EnterpriseJC Flowers & Co is set to take control of the road, metro and hydroelectric projects of Soma Enterprise, multiple people said, after most o...
- Future Group seeks lenders' nod to recast Rs 8,400 crore FEL debt post Reliance dealFEL's debt was restructured once last November under the Reserve Bank of India's one-time restructuring (OTR) scheme for companies affected...
- In major relief, Shapoorji Pallonji Group's restructuring package cleared by KV Kamath CommitteeShapoorji Pallonji and Company Private Ltd (SPCPL), the holding company of the 150-year-old SP Group, had sought the OTR for its obligation...
- Lenders set to clear recast plan for Jain IrrigationUnder the recast plan, of the total debt, Rs 2,800 crore has been classified as sustainable.
- Conditional offer: Sunil Mittal company to lead efforts to revive CG PowerSBM Holdings & institutional investors looking to put in working capital and revive domestic operations.
- IL&FS board shortlists firms to recast its booksThe recast is expected to be completed in three months once the matter is conformed.
- Videocon may be referred to bankruptcy courtVideocon with Rs 47,500 crore of debt and Jaiprakash Associates with Rs 26,000 crore were the top two in a bunch of 29 defaulters that the ...
- RBI has identified large stressed accounts for resolutionThe development comes as a follow-up to the ordinance issued in May that empowered the central bank to enforce resolution of problem loans.
- Rs 44,000-crore loan recast: SSG Capital offers to buy Essar Steel loansThe move has raised the spectre of lenders losing substantially, and raised doubts whether it is a trial balloon for the shareholders to ne...
- Banks fear loan default by commodity companiesRBI governor Raghuram Rajan has been critical of banks resorting to debt recast and postponing the problem of identifying bad loans.
- Gujarat High Court okays Adani Enterprises' power, port, mining rejigAdani Enterprises said the Gujarat High Court on May 7, 2015 "considered and approved the Composite Scheme of Arrangement" .
- Private sector banks to extend working capital funds to other firmsPrivate sector lenders participate in the revival programmes of distressed companies, but usually decline to lend for their working capital.
- Suzlon sells 75% in China arm for $28 millionDebt-laden wind turbine maker Suzlon today said it has sold 75 per cent stake in its Tianjin-based China arm to Poly LongMa Energy.
- Suzlon bets on debt recast, unit stake sale to turn aroundThe wind turbine maker aims to raise Rs2,200 crore from stake sale of its components manufacturing subsidiaries, which the company refers t...
- Central Bank on India may recast loans to power utilitiesPublic sector Central Bank of India may go in for restructuring of some of its loans to the electricity companies in the current quarter.
- 3 MFIs Spandana Sphoorty Financial, Share Microfin and Asmitha Microfin decide against mergerThree microfinance firms which had proposed a merger at the time of their debt recast talks with banks in August have now called off the pl...
Load More
