Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

Aravali Power Company Pvt Ltd and Indraprastha Power Generation have slapped separate payment notices on BSES Rajdhani Power and BSES Yamuna Power for defaulting on payments for the electricity

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

Private equity and stressed asset funds continue to show interest in acquiring value assets undergoing insolvency proceedings despite delays and litigation

The new promoters of Jet Airways, the Murari Lal Jalan-Kalrock Capital consortium, said that Delhi, Mumbai and Bengaluru will remain the hubs for Jet 2.0 with sub-hubs in Tier 2 and Tier 3 cities

Trustee has partnered with 'K Fintech for electronic voting process and unitholders meeting to seek their content. Voting will take place on December 26-28 and  meeting of unitholders of relevant schemes on December 29

India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

India Stock Market Highlights Today: HDFC twins, Reliance Industries were among the top losers and Tata Steel, Titan and Asian Paints were among the top gainers

Adani Group said, \"It was pained at some bidders resorting to media to sensationalise issues with an aim to prevent value maximisation for the lenders and depositors\"

The Bengaluru-based company will develop nearly 3,400 housing units in these four projects over the next three and half years

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

A two-member Principal bench of NCLT approved the Rs 103.18 crore resolution plan by a consortium of Rishabh Verma and Shilendra Khirwar along with N-Homes

According to banking sources, Religare Enterprises introduced a couple of investors interested in Religare Finvest Ltd to lenders in a meeting with bankers held recently

The cash-strapped group has, however, maintained its earlier estimates of addressing more than 50 per cent of the overall debt of over Rs 99,000 crore as of October 2018

The meeting is crucial given that no private investor has so far shown keen interest in acquiring the debt-laden carrier forcing the government to extend bidding date thrice

Jet Airways will need $1 billion initial working capital, followed by $3 billion over the course of 5-7 years before the airline can break even; it needs to be seen whether the bidders can bankroll these expenses

If NCLT allows, Kalrock Capital and Murari Lal Jalan would have to take the airline off the ground again at a time when the aviation industry globally is in financial distress due to the pandemic

CCI had expressed concerns over Jio Platforms subsidiary Jio Infocomm's cloud and Facebook's dominance in online ad space. It said data processed by both companies was complementary to each other

The SP Group had said last week that it wants to end its seven-decade-long relationship with the Tata Group after the Supreme Court forbade it from selling or pledging any Tata shares until October 28