Aditya Mittal, who is also the chairman of HMEL, spearheads HMEL's expansions into petrochemicals

Prescriptions from top experts in business, economics, politics and taxation

The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power, said UCO Bank MD and CEO, A K Goel

The IBC Amendment Bill 2019 expanded the ambit of the insolvency law by including provisions on interim finance, setting of threshold limit on application by homebuyers and providing immunity to corporate debtor post successful resolution plan

Corporates' debt dsitress has led to a mostly muted scene on India's corporate deal street this year, after a blockbuster 2018, while economic slowdown fears further came in the way for any significant merger and acquisition deals

The 94 scheduled commercial banks, including public sectors lenders, together clocked losses of Rs 23,397 crore in 2017-18 and Rs 32,438 crore in 2018-19

The stake sale and shipping joint venture formation will ultimately impact ArcelorMittal's net debt by $530 million, with $400 million on completion and a further $130 million due in early 2020

State-owned LIC, which is the promoter of the debt-ridden lender with 51 per cent stake, will pump in an additional Rs 4,743 crore to improve the bank's capital position

SBI Chairman Rajnish Kumar said the industry keeps on complaining that banks are not lending and lenders are saying that \"we are ready with funds, you are not borrowing\"

Aditya Mittal, President and CFO of ArcelorMittal, has been appointed Chairman of AM/NS India, and Dilip Oommen has been appointed as its CEO

Stocks in the news: YES Bank, Cipla, Magma Fincorp, JM Financial, Shriram Transport among others are the top stocks to watch out for Tuesday's trading session

ArcelorMittal has arranged the entire fund and is likely to transfer the amount by Monday; after the payment to the lenders, this will be the single-biggest recovery under the IBC

Vedanta, Axis Bank, SBI, Hindalco and YES Bank were among the top gainers on Friday. Dr Reddy, Bharti Airtel, Kotak Bank, Zee Entertainment and Bajaj Auto were among the top losers.

Shares of UCO Bank and Corporation Bank rallied up to 18 per cent in early deals on Friday amid reports that creditors to the bankrupt firm would receive payment soon

More tribunals, more resolution professionals, a higher threshold for the default process to set in from the current level of Rs 1 lakh and streamlining of the appeal process to cut down delays are needed to make the Insolvency and Bankruptcy Code (IBC) more efficient

ArcelorMittal may see India as its base for markets in South Asia to export products. JSW is already aggressive in export markets

The court reiterated that in IBC, it is the CoC which has the ultimate authority over the matter concerning distribution of resolution proceeds

Irrespective of resolutions, companies going through the insolvency process are seeing large number of direct and indirect job losses

In December 2017, Steel Authority of India Ltd (SAIL) board had approved a proposal to enter into a JV with global steel giant ArcelorMittal for manufacturing high-end automotive steel

SBI's market capitalisation on Friday stood at a low Rs 2.95 lakh crore, which is just about 42 percent of private sector HDFC Bank's Rs 7.02 lakh crore, while SBI's loan-book is Rs 22.48 lakh crore, and the same for HDFC Bank is under Rs 9 lakh crore