The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK's Liberty Group and two independent business houses

BharatPe and Centrum Group are among four groups that have made the submissions to the Reserve Bank of India (RBI) for the acquisition of PMC Bank

While the timing seems to be perfect as the economy is in a bounce-back phase, the investors and analysts are concerned about the debt of the parent company Vedanta Resources

A spate of acquisitions in the last five years has put Motherson Group among the 50 biggest automotive component firms globally. It is now eyeing a place in the top 10 by trebling revenues by 2025

With this, the September quarter witnessed a drop of around 85 per cent compared with the previous year, said a CARE Ratings report. This can be attributed to the suspension of fresh bankruptcy proceedings for COVID-19 defaults

The home-grown dairy giant has moved up one rank since last year's ranking. In 2018, it emerged as the 9th largest milk processor by IFCN, a global dairy research network

Swadeshi Jagran Manch that promotes national self-reliance said that RBI has chosen to ignore the inherent value in LVB, and announced the handover to a foreign entity for free

The central bank cited the flouting of the norms laid down under the Sarfaesi (Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act and the willful violation of the RBI's pointers

Last week, Ruchi Soya reported an increase of 28.09 per cent in revenue for July-September at Rs 3,990.72 crore. Its net profit was up 54.88 per cent to Rs 126.73 crore

The exercise is meant to find equity investors willing to take over the management of PMC Bank in order to revive the beleaguered lender and resume its day-to-day operations

Pramod Mittal, the younger brother of UK-based steel magnate Lakshmi Mittal, was declared bankrupt this summer by the Insolvency and Companies Court in London with debts of over 130 million pounds

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Pre-packs are popular in many countries as an alternative to lengthy insolvency processes as they are faster, cheaper and are done with statutory sanctioning

Cheered by reports of buyback plan, TCS share price has soared around 8 per cent and touched all-time high price of Rs 2,728; the company will consider the buyback proposal on October 7

In order to ensure timely completion of IBC, out of court settlement needs to be encouraged, and the NCLT, NCLAT infrastructure needs to be strengthened

Jio says due to a few companies having \"vested interests\", the government should not keep at hostage policies aimed at \"nation-building\"

She was replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, in the Rajya Sabha which passed the proposed legislation to replace an ordinance in this regard with voice vote

In June, an ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 amid the coronavirus pandemic

The three hotels, that have been attached by the ED, are owned by Libra Realtors Pvt Ltd, Deewan Realtors Pvt Ltd, Rakesh Kumar Wadhawan, Romy Mehra, Libra Hotels Pvt Ltd and its directors

Demand has been so high, Amazon has struggled to deliver items as fast as it normally does and had to hire 175,000 more people to help pack and ship orders in its warehouses