The successful turnaround of drugmaker Wockhardt by its Chairman, Habil Khorakiwala, should provide the wind turbine manufacturer some inspiration. Though it operates in a different sector, Wockhardt, too, like Suzlon, faced its biggest crisis due to an inability to service its FCCBs.

Wind energy major Suzlon on Thursday said its lenders, comprising 19 banks led by the SBI, have approved its proposal to rejig Rs 9,500 crore of domestic debt, providing a big relief to financially troubled company.

Suzlon Energy has said its UK-based unit REpower has signed two contracts for supplying turbines for a new wind farm in England.

Indian companies announced a series of big-ticket overseasacquisitions this year. The acquisitions come at a time when the acquirers arefacing poor growth visibility in their India businesses. They may havebitten off more than they can chew.

The SBI-led consortium of 20 lenders has agreed to recast Rs 11,000 crore loan of the struggling Suzlon Energy under the corporate debt restructuring (CDR) mechanism, a top company official has said.

Suzlon Energy desperately needs cash - from investors, lenders or its asset sales - to avoid being dragged to court by bond holders.

Companies with large business interests in Europe may continue to face pressure. Should the situation improve if leaders of the Eurozone reach an agreement on bailing out the stressed countries, the investors may gain.

Subex, Cranes Software, Strides Arcolab, GTL Infrastructure, Indowind Energy and Suzlon Energy are just a few names among the Indian mid-sized companies on the long list of FCCB borrowers facing headwinds.

REpower Systems SE has signed a contract with German firm PNE Wind AG to deliver 54 offshore wind turbines at a wind farm in Germany.

The rising number of auditors' qualifications in accounts statements indicates the deteriorating state of Indian accounting standards. In times when Indian corporations run global companies, accounting practices should be conservative rather than aggressive when there is an element of uncertainty.

Suzlon holds a 26 per cent stake in Hansen Transmission through its Netherlands-based subsidiary. It'll sell its entire stake to German firm ZF Friedrichshafen for Rs 840 crore approx.

Companies like Suzlon Energy Ltd and Himachal Futuristic Communications Ltd (HFCL) continue to squat in the indices though they have lost their relevance as fair representatives of their industry.

Kotak Bank and YES Bank started about the same time and are growing smartly - but with distinct strategies.

The acquisition of some global brands and firms by Indian entities has been disastrous for shareholders. We tell you how to size up such deals.

Cross-border acquisitions is one way for Indian businesses to attain world size and scale. But let's also not underestimate the ability of domestic consumption to create scale and global class corporations, too. Suman Layak writes.

Though the decade began with a bug scare and ended with a scandal and a slowdown, positive events were plentiful through the first 10 years of 21st century. BT identifies 10 milestone events, and what they meant.

The recent run-up in stock prices notwithstanding, a host of Indian promoters has little choice but to either sell assets or equity to survive the downturn.

India’s biggest conglomerates feel the pain after an adventurous bout of mergers & acquisitions in the boom times.

A clutch of smaller Indian companies has gone international by making a number of small acquisitions the world over. The best part: They seem to be working, unlike some multi-billion-dollar buyouts. United Phosphorus: Agri AggressorRain commodities:It'sraining cashJubiliant Organosys: Crams caperSintex: Labour gainsBilcare: Right place for the right priceBartonics: Raising the barRolta India:Mapping the globeAllied Digital: Remote controlBinani Cement: Concrete gambitPlethico Pharma: Inorganic prescription

The global credit crunch has sent yesterday’s outbound heroes scurrying for funds to close their billion-dollar M&A transactions. India Inc.’s cross-border action has ebbed, for now.