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ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...
Is Spirit Airlines shutting down after losing $500M lifeline— here's how Spirit Airlines collapse spikes ticket pricesSpirit Airlines is preparing for a potential shutdown: According to reports from the Wall Street Journal and other major outlets on May 1, ...
Spirit Airlines stock just shocked the market, jumped over 130% while airline stocks fall: is Spirit Aviation Holdings (FLYYQ) a real comeback or bailout-driven spike?Spirit Airlines stock just shocked the market. It jumped over 130% in one session. Shares of Spirit Aviation Holdings Inc. (FLYYQ) surged n...
Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...
Banks to convert Electrosteel's Rs 2,507 crore debt into equityThe company will hold an extraordinary general meeting on January 7 to seek shareholders' approval for the SDR package.
Orchid Chemicals rallies 7% as promoters plan to hike stake to 45%Shares of Orchid Chemicals gained over 7% following reports that promoters are planning to increase stake in the company by 13% to 45%.
Lenders have option to convert debt into equity: GammonGammon India today said the debt restructuring related proposals, for which it has sought shareholders nod, are "enabling resolutions".
CCEA may take up amendments to debt rejig package todayAs per the proposal, the state electricity boards of Jharkhand, Bihar and Andhra Pradesh will be allowed to convert their outstanding loans...
Power Ministry awaits Karnataka's response on discom debt recast"As soon as Karnataka (government) sends us their response we will send the note to CCEA," an official in the Ministry of Power said.
Suzlon implements $1.8 billion debt recast planSuzlon today said it has implemented the $ 1.8 bn debt restructuring package that includes preferential allotment of shares to its lenders.
Shareholders okay Suzlon's $ 1.8 billion CDR packageSuzlon Energy said the company's shareholders have approved the $ 1.8 billion corporate debt restructuring package.
- Govt to bring draft model legislation for state discoms
After announcing a debt restructuring package for the state electricity boards, the government today said it would bring a draft model bill...
Nationalised banks to restructure debt for textile industryNationalised banks will begin implementing the Rs 35,000 crore debt restructuring package for the textile industry.
- Implement Rs 35,000 crore debt restructuring package: SIMA
The SIMA chief S Dinakaran has appealed to the Ministry of Textiles & the Ministry of Finance to expedite the implementation of the Rs 35K ...
- M Karunanidhi seeks Prime Minister Manmohan Singh's intervention over textile debt restructuring
Karunanidhi today urged PM to direct RBI to issue necessary notification for the Rs 35K cr debt restructuring package for textile industry.
- Mudra Lifestyle’s Rs 475-cr debt restructuring package approved by lenders
The lenders, including State Bank of India, Axis Bank and Oriental Bank of Commerce have agreed to sacrifice Rs 45.50 crore to recast the l...
- Air India accepts corporate debt restructuring package
Air India is saddled with a debt of about Rs 40,000 crore of which Rs 18,000 crore is working capital loans.
- Banks may get to bail out airlines
The banking regulator has said that banks could change the terms under which they have lent to airlines, possibly throwing a lifeline to a ...
Banks approve Maytas debt restructuring packageBanks that have an exposure of Rs 5000 crore to Maytas Infra have approved the corporate debt restructuring package.
- RBI revises CDR guidelines
Reserve Bank of India has revised the corporate debt restructuring guidelines granting lenders an option to exit from the package by sellin...