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PTI
New Delhi, September 18, 2018
Daiichi Sankyo, which has filed an intervention application in the insolvency plea filed by HDFC Bank, said they have a decree to recover money against RHC Holding.


BusinessToday.In
New Delhi, September 14, 2018
Shivinder Singh says he decided to withdraw the case after \"repeated urging\" by his mother. He also says his decision to disassociate from his brother, and tread an independent path, stands.


BusinessToday.In
New Delhi, September 14, 2018
The Mittal-owned company told the SC it would lift the escrow on Rs 7,000 crore and pay the money owed by Uttam Galva and KSS Petron -- the defaulting companies in which the steel tycoon is classified as promoter -- if it gets to bid successfully for Essar Steel.


PB Jayakumar
New Delhi, September 13, 2018
Apart from the stay, the stressed power plants were also given another breather recently, when the high-level empowered committee constituted by the Prime Minister's Office allowed retaining fuel supply agreements (FSAs), Power Purchase Agreements (PPA) and long-term transmission network access rights.


Rajeev Dubey
New Delhi, September 13, 2018
Their mother Nimmi Singh has requested both her sons to engage in mediation led by family elders to settle issues, says the withdrawn application.


BusinessToday.In
September 12, 2018
Defaulting companies in the power sector as well as some sugar, shipping and textile companies that had seemed destined for bankruptcy court under the RBI's new norms on stressed assets got a last-minute breather from the Supreme Court yesterday.


BusinessToday.In
New Delhi, September 12, 2018
The SC order will also buy the stressed shipping and sugar companies, which had approached the top court against the order, some more time.


BusinessToday.In
New Delhi, September 11, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party. JSW Steel bought out this contentious stake ahead of the second bidding round


BusinessToday.In
New Delhi, September 11, 2018
The bank was able to recover around Rs 8,445 crore in the April-June quarter alone, which is over 23 per cent of all recoveries made during the period. PNB recovered around Rs 5,618 crore in FY18 and Rs 5,643 crore the previous year.


PTI
September 10, 2018
If NCLT allows the plea of the ICICI Bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.


BusinessToday.In
New Delhi, September 7, 2018
The Sunil Mittal-controlled company might snatch back its No. 1 ranking on RMS in the next two-three quarters since VIL is expected to lose ground in the course of its integration process as it conforms to M&A rules.


BusinessToday.In
New Delhi, September 7, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party.


BusinessToday.In
New Delhi, September 7, 2018
Uber in talks with Indian regulators to understand modalities of aerial taxis; HDFC Bank is India's most valued brand for 5th year in a row; Electric vehicles, green automobiles to be exempted from permit requirements, says Nitin Gadkari; Interpol issues red-corner notice against Nirav Modi's key man. Watch this episode of Business Wrap.


BusinessToday.In
New Delhi, September 7, 2018
Uber in talks with Indian regulators to understand modalities of aerial taxisRide-hailing app Uber, which is considering India among five global locations for its futuristic aerial taxi service, said it is in talks with regulators in the country to gauge the modalities and constraints of offering such a service. Last week, the Softbank-backed Uber had said it is considering India along with countries like Japan and France to be a part of Uber Elevate -- its aerial taxi service tha...


PTI
September 6, 2018
Failing to find resolutions for stressed power sector companies, lenders have decided to refer 11 companies, including Prayagraj Power Generation, GMR Chhattisgarh Energy and Jaiprakash Power Venture, to the National Company Law Tribunal.


PTI
September 6, 2018
In a petition filed before the New Delhi-bench of the National Company Law Tribunal, the younger of the Singh siblings, who were synonymous with each other for decades, sued Malvinder for \"oppression and mismanagement\" of their companies.


Anilesh S Mahajan
New Delhi, September 5, 2018
Thirty-four stressed power sector accounts that defaulted on Rs1.5 lakh crore worth of dues are now before the National Company Law Tribunal - yet again.


Rajeev Dubey
New Delhi, September 4, 2018
Shivinder Singh reveals he has split with his brother Malvinder Singh to follow his \"own path\"; holds Malvinder and Godhwani responsible for systematic undermining of the interests of their companies and their shareholders.


Dipak Mondal
New Delhi, September 3, 2018
The rating agency expects that further Rs 4.2 lakh crore worth of stressed loans would become sustainable by 2019


BusinessToday.in
New Delhi, August 31, 2018
Rupee plunges to record low of 71 against US dollarThe Indian rupee collapsed to a fresh record low of 71 against the US dollar for the first time ever by falling 26 paise on persistent demand for the US currency amid rising crude prices, news agency PTI has reported.Rupee is worst performing currency in Asia on year-to-date basis. Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBIPrivate sector lender Yes Bank today said it has received RBI's approval for the ...


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