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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 ...


BusinessToday.In
August 31, 2018
After Vodafone-Idea merger, Bharti Airtel is now no longer the country's largest mobile phone company in terms of subscribers and revenue share.


BusinessToday.In
New Delhi, August 30, 2018
Last year, Amazon was granted permission by the Indian government to invest $500 million in a wholly-owned venture to sell local produces and packaged food items through online and offline mediums.


BusinessToday.In
New Delhi, August 27, 2018
As per the RBI's February-12 circular, the over 70 defaulting companies had been given six months starting from March, following which financial creditors were supposed to move the NCLT against them.


Rahul Shrivastava
August 27, 2018
Set up by Piyush Goyal when he was the interim finance minister, the panel today submitted a report on the review of penal provisions of Company Act 2013 to Arun Jaitley.


BusinessToday.In
New Delhi, August 27, 2018
Amazon plans to invest $700 mn in the Future GroupJeff Bezos-led Amazon in India has begun formal negotiations with Kishore Biyani's Future Group to invest around $600-700 million for a 12 to 15 per cent stake in the retail major as reported by the Business Standard. The two entities have signed a term sheet to take the talks further, sources said. This denotes the two sides have officially entered a pact. If the deal materialises it will most likely be a combination of cash and...


Mail Today Bureau
August 27, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.  The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
August 26, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
New Delhi, August 24, 2018
There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 lakh crore.


BusinessToday.In
New Delhi, August 24, 2018
Ruchi Soya owes a total debt of about Rs 12,000 crore to a consortium of 16 lenders.


PTI
August 24, 2018
The National Company Law Appellate Tribunal (NCLAT) said that pending the litigation here, the Cyrus Mistry camp which was seeking a status quo over it cannot be \"forced to sell shares\".


BusinessToday.In
August 24, 2018
Shares of Ruchi Soya hit their five per upper circuit limit of 9.42 level on the BSE.  Similar movement was seen on NSE as well, where the stock opened at Rs 9.45 and hit its upper circuit limit, up 5 per cent over its last close.


PTI
New Delhi, August 22, 2018
This missive comes in the light of arrest of Bhushan Steels erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.


Anand Adhikari
New Delhi, August 22, 2018
The government, banks, and power producers are all working together to save stressed power loans from bankruptcy.


BusinessToday.In
New Delhi, August 17, 2018
Gross NPAs have exceeded Rs 8.5 lakh crore, up 19% year-on-year, while total provision for NPAs jumped 28% (y-o-y) to Rs 51,500 crore.


BusinessToday.In
August 12, 2018
PM Modi argued that when investment in infrastructure projects like, making roads, laying down rail lines, setting up power generation is at all-time high, how come the jobs will not be created.


PTI
August 10, 2018
The appellate tribunal also rejected the claims of engineering and construction major L&T, an operational creditor of Bhushan Steel Ltd, opposing Tata Steel's resolution plan seeking a higher priority in debt resettlement.


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