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Total 107 results found. Search for [ essar steel ]

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Nevin John
New Delhi, September 6, 2017
Essar group recently completed sale of its refinery at Vadinar, Gujarat and the associated assets like port and retail outlets across the country to the Russian oil company Rosneft after one-year-long negotiations.
BT Online
New Delhi, August 30, 2017
The Central bank wrote a letter in which it said that these accounts should first be resolved through any of RBI's schemes before December 13.
New Delhi, August 3, 2017
The Banking Regulation (Amendment) Bill, 2017, passed by a voice note in Lok Sabha, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017 promulgated in May.
July 26, 2017
Mortgage leader HDFC reported a marginal fall in consolidated net profit at Rs 2,734 crore or the three months to June as against Rs 2,797 crore a year ago.
By Anand Adhikari and Nevin John
Delhi, Edition:August 13, 2017

A closer look at whats in store for the 12 largest corporate defaulters.

July 24, 2017
A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was on Monday introduced in the Lok Sabha by Finance Minister Arun Jaitley.
Team BT
Edition:August 13, 2017

The noose tightens around 12 big corporate defaulters as bankers invoke bankruptcy proceedings for quick redressal.

July 17, 2017
The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said.
New Delhi, July 5, 2017
Essar Steel has moved the Gujarat High Court against insolvency proceedings initiated by the banks on the direction of the Reserve Bank (RBI).
By Anand Adhikari
Delhi, Edition:July 16, 2017

The RBIs fast track bankruptcy process across a dozen large stressed corporates will either see a resolution or liquidation in the next 180 days. Heres how things would unfold.

BT Online
June 23, 2017
The three steel firms have to repay loans worth nearly Rs 1 lakh crore to the lenders.
New Delhi, June 23, 2017
The decision was taken at a marathon meeting chaired by the SBI. While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore.
BT Online
June 22, 2017
According to a report in The Economic Times, the three steel firms have to repay loans worth over Rs 1 lakh crore to the lenders.
BT Online
June 16, 2017
Amid growing concerns regarding stress in the public sector banks due to bad loans, the Reserve Bank of India (RBI) has reportedly sent bankers the list of 12 stressed accounts that they must resolve through the Insolvency and Bankruptcy Code.
Nevin John
New Delhi, Edition:July 2, 2017
The Essar group plans to reduce debt by $10 billion with the sale of its oil refinery, related assets and BPO business.
Nevin John
New Delhi, Edition:July 2, 2017

As debt hits Rs 1.38 lakh crore, the Ruias are looking to recast the group once again.

Prosenjit Datta
New Delhi, Edition:July 2, 2017
For some time, economists and corporate analysts have talked about India's twin balance sheet problem.
New Delhi, May 3, 2017
The Supreme Court dismissed the appeals of Essar Steel and Essar Power and upheld the Gujarat High Court's order holding them liable to pay Rs 1038.27 crore towards electricity duty to the state government.
BT Online
New Delhi, March 23, 2017
The S&P BSE Sensex ended 135 points in the green at 29,332.16 while the Nifty50 settled the day at 9,086.30, up 55.85 points.
Sumant Banerji
February 27, 2017
This hyper activity in the M&A space by the company offers numerous takeaways.
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