National Company Law Tribunal
Manufacturing
NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power
An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel,...
General
Albéa, Blackstone eye Essel Propack; Baring PE Asia may take control of NIIT Tech
French packaging company Albéa and private equity giant Blackstone Group are in advanced talks to acquire a controlling...
TMT
RCom slumps 54% to all-time low after approaching bankruptcy court
Debt-laden Reliance Communications Ltd (RCom) plunged by more than half to its record low in early trade on Monday, after ......
Finance
Focusing on sale of NPAs rather than insolvency process: Dena Bank CEO
Dena Bank, one of the weakest public-sector lenders, has posted losses for three financial years in a row, and is ......
Manufacturing
NCLT rejects Ruias' loan settlement offer for Essar Steel
The National Company Law Tribunal (NCLT) has rejected a loan settlement offer by Essar Steel's promoters, in a big blow ......
Finance
KKR's Sanjay Nayar on outlook for 2019 and why it is betting big on credit biz
In November 2008, KKR & Co. hired Sanjay Nayar to set up and head its India operations, which formally began ......
General
JSW may back Ruias for Essar Steel bid; Blackstone, Xander eye VG Siddhartha's estate
The Ruia family, in an effort to win back control of Essar Steel Ltd, has offered to repay Rs 54,389 ......
Economy
Banks likely to recover bad loans worth $10 bn by March-end: Finance minister
India's Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 700 billion rupees ($9.95 billion)...
Finance
Flashback 2018: Stressed assets pain eases as bad loan clean-up gains momentum
Two years ago, in December 2016, the Insolvency and Bankruptcy Code (IBC) came into effect. While the new bankruptcy law ......
General
Fairfax may sell stake in ICICI Lombard; Sequoia may back ed-tech firm Eruditus
Fairfax, which is controlled by investor Prem Watsa, known as the “Warren Buffett of Canada”, is considering reducing its stake ......
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