Govt set to amend bankruptcy law to protect new owners of insolvent companiesThe government has begun the process of amending the insolvency and bankruptcy code to protect new owners of bankrupt companies from any criminal accountability concerning the time when the firms were controlled by the erstwhile promoters. The cabinet is expected to approve significant changes to the insolvency law at the earliest to safeguard the companies taking over the broke businesses from prosecut...

Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 per cent stake in the telecom firm

In the ECB category, the major borrowers tapping the automatic route included Muthoot Finance, HPCL-Mittal Energy, Wardha Solar (Maharashtra), L&T, Deccan Fine Chemicals and Aditya Birla Finance

Axis Bank said that it has initiated the succession plan for the post of Group Executive and Chief Financial Officer under guidance from the Nomination and Remuneration Committee and the Audit Committee of Board

The company will raise raise $2 billion through qualified institutions placement or private offerings of equity shares, compulsory convertible debentures. It will raise another $1 billion via Foreign Currency Convertible Bonds or other similar security denominated in foreign currencies

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Siddharth Mittal has been a core member of Biocon's leadership team since May 2013. He has been serving as the Chief Financial Officer of the company since August 2014

While shares of Bharti Airtel rose up to 9.82%  to Rs 485.75,  Reliance Industries stock gained up to 4.07% at Rs 1,614 on BSE

The National Company Law Tribunal gave a go-ahead to the resolution plan of Royale Partners after the Committee of Creditors accepted its Rs 900-crore bid by 73.13 per cent vote share

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

Indian telecom operators continue to be in a fix despite the centres relief

As the economy goes into a tailspin, jobs across industries are becoming a casualty

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

Airtel has to pay Rs 35,586 crore to the government, of which Rs 21,682 crore is licence fee and another Rs 13,904 crore is the spectrum usage charges (not including the dues of Telenor and Tata Teleservices)

The Essar verdict not only gives the single largest realisation from any asset to financial creditors, qualitatively also this is the biggest for the financial sector in getting their due rights and primacy in the scheme of things

Reliance Jio, after providing free voice calls for three years, started charging 6 paise per minute from October for making calls to any non-Jio number

After completion, ArcelorMittal will jointly own and operate ESIL in partnership with Nippon Steel Corporation, Japan's largest steel producer

While Bharti Airtel share price rose up to 5.82% to Rs 432.95, Vodafone Idea stock rose up to 20% to Rs 5.39 on BSE

In the quarter ended September 30, 2019, Vodafone Idea and Bharti Airtel reported a cumulative loss of almost Rs 74,000 crore between them due to provisioning for AGR payout to Department of Telecommunications

The new management of Essar Steel may be headed by Aditya Mittal, who is the President and Chief Financial Officer of ArcelorMittal. He is also the CEO of ArcelorMittal Europe