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AB Group reaffirms bet on Voda Idea with ₹4,730 Cr infusionVodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasin...
Fishermen are being pushed to the brink by fuel costs in Southeast AsiaRising energy, freight, and supply chain expenses are escalating seafood prices globally. Governments offer aid, but it's stretched thin, i...
Japan's bond yield curve steepens ahead of 30-year debt auctionJapan's government bond yield curve steepened as investors grew cautious ahead of a 30-year debt auction. Rising oil prices and a weaker ye...
SC to hear Vedanta's stay plea against Adani's Jaiprakash Associates takeoverVedanta, owned by Anil Agarwal, had outbid Adani Group in one of the largest and most keenly tracked insolvency cases in the country. The c...
Vedanta targets doubling $27 billion market cap through five-entity split: ReportVedanta Limited will split into five separate companies next month. Chairman Anil Agarwal believes this move will significantly increase th...
Supreme Court rejects Future Group companies' pleas seeking stay on DRT orderThe HC had, while issuing notice to the government and various lenders including RBL Bank and Yes Bank, refused to stay the DRT order and p...
Future Group companies move Delhi HC against debt recovery tribunal orderThe Future Group companies on Tuesday moved the Delhi High Court against a debt recovery tribunal's July 31 order that restrained them from...
Jaypee Infratech creditors meet to take stock of insolvency processThe NCLAT had clarified on June 10 that it did not bar lenders from voting against state-owned NBCC's resolution plan. It also directed Jay...
Bhushan Power & Steel IRP alleges leak of CoC meeting deliberations"Today CoC meeting of Bhushan Power & Steel was held .... Surprisingly, sanctity and confidentiality of meeting was breached ... news of de...
Bhushan Power creditors to announce highest bidder next week"The Committee of Creditors (CoC) will meet on March 14 to evaluate the criteria and declare the H1 bidder for Bhushan Power and Steel," a ...
Final resolution plan for Educomp Solutions submitted to NCLTEbix Inc, a supplier of on-demand software solutions and e-commerce services to the insurance industry in offshore and custom software deve...
Bhushan Steel IRP again extends date for bid submissionThrough a notification on January 17, 2018 the company informed that the date has been further extended to January 25, 2018.
ArcelorMittal, Tata Steel evince interest in Bhushan Steel"Yes! ArcelorMittal is interested in Bhushan Steel," said a person in the know of the matter and refused to elaborate further.
Ravi Uppal to step down as MD, group CEO of JSPLJSPL Group Chairman Naveen Jindal wished Uppal well for its future endeavours and also recognised his efforts for enabling the turnaround o...
Shares of PSBs, leveraged companies surge on revised loan recast norms from RBIBanks have been given the option of converting the unsustainable debt, which cannot be serviced with cash flow, into equity.
RBI’s new restructuring tool 'S4A' to raise banks’ moral hazard riskUnder S4A, RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainab...
Canada’s CPPIB to commit $500 million for Kotak Mahindra Bank’s stressed asset fundCPPIB is expected to commit $500 million to the fund which will provide short-term financial support to debt-laden companies, sources confi...
Shares of debt-laden companies like Lanco Infratech, Vedanta jump after RBI's rate cutShares of highly-leveraged companies such as Lanco, Vedanta have surged up to 35 per cent since the RBI cut interest rates by 50 basis poin...
Tata Group shows interest to invest in Electrosteel SteelsTata Group has shown interest in investing in Electrosteel Steels Ltd. The firm has been under corporate debt restructuring scheme.
- LKP Merchant Financing sells Kingfisher shares worth Rs 7 crore
LKP Merchant Financing today sold 93.6 lakh shares of the debt-laden firm for over Rs 7 crore.