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PTI
June 9, 2018



PTI
New Delhi, June 9, 2018
From the two stressed assets' list referred for resolution under IBC by the Reserve Bank of India, the bank's total exposure was around Rs 78,000 crore. The bank had filed 250 cases under IBC with a total exposure of Rs 95,000 crore.


BusinessToday.In
June 8, 2018
Fortis Healthcare's due diligence by suitors has reportedly unearthed unpaid vendors' bills of Rs 450 crore and a penalty on its subsidiary Fortis Escorts Heart Institute that's to the tune of Rs 503 crore.


BusinessToday.In
June 7, 2018
The country's largest state-run lender State Bank of India (SBI) had filed separate insolvency proceedings against two Videocon group companies, which were part of the second list of big corporate defaulters put out by the Reserve Bank of India (RBI).


BusinessToday.In
New Delhi, June 6, 2018
The legal battle between McDonald's and its India partner Vikram Bakshi, also managing director of CPRL, has been going on for five years. Its northern and eastern business is still operated by Bakshi's company, despite the company terminating the franchise agreement of 169 outlets last year.


PTI
June 5, 2018



PTI
June 5, 2018



PTI
June 5, 2018



PTI
June 4, 2018



PTI
May 30, 2018



BusinessToday.In
New Delhi, May 30, 2018
A two-member NCLAT bench also directed the RCom MD to file an undertaking about the settlement amount. Ericsson India would also file an undertaking before the tribunal over the acceptance offer.


PTI
May 30, 2018



BusinessToday.in
New Delhi, May 30, 2018
AirAsia CEO Tony Fernandes booked by CBI for violating aviation normsThe CBI has booked AirAsia CEO Tony Fernandes and several others for allegedly violating aviation norms. The crime branch is also carrying out searches at six locations. On Tuesday, the CBI said that they booked these officials over alleged violation of aviation norms, namely the 5/20 rule for getting international flying licenses as well as violation of Foreign Investment Promotion Board (FIPB) rules. The 5/20 r...


BusinessToday.In
New Delhi, May 29, 2018
RCom and its two subsidiaries -- Reliance Infratel Limited and Reliance Telecom Limited -- owe around Rs 978 crore to Ericsson. They all had entered into a seven-year agreement with Ericsson in 2013 for operational services, including mobile towers, broadband, fixed line, wireless voice, etc.


Mail Today Bureau
May 29, 2018
The Committee of Creditors of Binani Cement on Monday voted in favour of UltraTech Cement's Rs 7,960-crore offer. AV Birla Group-led UltraTech Cement's bid received 100 per cent consent at the CoC meeting.


Manoj K Singh
New Delhi, May 28, 2018
Surprisingly, almost all the telecom players have outsourced the day-to-day management of their network to network management service companies, an industry dominated by two-three major players of which Ericsson India Private Limited (Ericsson), a subsidiary of Swedish based multinational telecommunications and networking company headquartered in Stockholm, is one.


Anand Adhikari
New Delhi, May 28, 2018
The RBI's move to clean up bank balance sheets has made close to half a dozen banks nearly dysfunctional. There is little hope of their recovery in the near term.


Dipak Mondal
New Delhi, May 25, 2018
Experts say that being financial creditors, home buyers should be attending the CoC meetings and even should have voting rights.


PTI
May 25, 2018



PTI
New Delhi, May 24, 2018
Debt-ridden Bhushan Steel, which has been acquired by Tata Steel under the insolvency process, has sought 90 days extension to file its audited financial results for the quarter and year ended March 31, 2018.


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