The acquisition of BPSL will increase the debt of JSW Steel which stood at Rs 51,793 crore as on December 31. \"However, once the acquisition is done, there will be incremental EBITDA from the company

To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25

Tata group, Reliance Industries, Adani Group, JSW and Vedanta are among others in race for lucrative assets, including start-ups

The 15 most-indebted non-BFSI companies had a combined debt of Rs 10 lakh crore in FY20, a 15 per cent increase over the previous year, and their troubles seem to be far from over

\"Electrification work at 1.75 lakh villages of the state has been successfully concluded and electricity has reached to more than 1 crore 24 lakh houses of poor people,\" CM Adityanath said

ONGC on October 27, issued the expression of interest (EoI) notice offering 15-year PECs to outside contractors for an unidentified number of \"mature\" fields

CM Thackeray stated that a standard operating procedure will be drafted to ensure physical distancing in holy places. According to Thackeray, masks will be made compulsory in places of worship

Seshagiri Rao, Joint Managing Director and Group CFO, JSW Steel, said the company will be a major investor in newly acquired entities including BPSL and Asian Colour Coated, and will not consolidate them with the flagship company

Seshagiri Rao, Joint Managing Director and Group CFO, JSW Steel said that the steel demand is surging, especially because of the high orders form automobile, solar, appliances and packaging industries

Corporate India has seen a substantial decline in tax litigations of late, helping government unlock revenues. Once annual compliances are streamlined and new law settles in, there could be a flurry of proceedings, which would lead to an increase in disputes

Era Infra sees no immediate closure even after three years, as litigation and procedural delays slow down the insolvency process

State Bank of India had invoked personal guarantee against Anil Ambani in January 2018 and issued a notice to him. The lender had provided credit facilities of Rs 565 crore and Rs 635 crore to RCom and RITL

Udayan Sen, former CEO of Deloitte India, was the main Engagement Partner for Deolitte Haskin and Sells in the statutory audit of IL&FS Financial Services for the year 2017-18

JSW Steel is keen to de-risk its acquisition of Bhushan Power and Steel as it has an expansion plan on cards, and is also facing unprecedented challenges in the steel market

With the post-lockdown economy still to pick up, highly leveraged companies are looking at ways to reduce debt

Of this, 1,604 cases have been settled by the tribunals across the country by finding a new buyer, commencing liquidation, or allowing voluntary withdrawals

Coronavirus impact: Sajjan Jindal said that while the lockdown has had a positive impact, it is imperative to focus on the well being of the economy

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JSW Steel was supposed to make payment before March 16 for the acquisition, but it has been delayed as the former promoter Sanjay Singhal filed a petition against the takeover at the Supreme Court

Six people, mostly youngsters, committed suicide due to non-availability of alcohol in three days, while Covid-19 has so far killed two elderly in the state