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PTI
September 30, 2018



PTI
September 30, 2018
After acquiring debt-laden Bhushan Steel through the insolvency and bankruptcy process, Tata Steel is now aiming to raise its production to 4 million tonne by the end of the current fiscal.


PTI
September 28, 2018



Mudit Kapoor
New Delhi, September 28, 2018
Ignoring their timely warning led to the collapse of financial giant Lehman Brothers, while others such as  Merrill Lynch, AIG, Freddie Mac, Fannie Mae, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo and Alliance & Leicester all came within a whisker of bankruptcy and had to be bailed out.


PTI
New Delhi, September 28, 2018
Experts say that the ongoing trade war between the US and China could make Indian products, like machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products, competitive in the US markets.


PTI
September 28, 2018



Dipak Mondal
New Delhi, September 28, 2018
Anil Kohli, the liquidator appointed by the committee of creditors (CoC), told  Business Today that the efforts are on to liquidate the company.


Dipak Mondal
New Delhi, September 26, 2018
As a consequence of resolutions through IBC, and fear of Section 29A, the PSU banks are now expecting to recover loans worth Rs 1,80,000 crore in the current financial year compared to Rs 74,562 crore in the last financial year.


PTI
New Delhi, September 25, 2018
It has been alleged that ArcelorMittal had 32 and 29 per cent stakes in KSS Petron and Uttam Galva respectively and it had exited from them after selling the stakes before submitting the resolution plan to take over the Essar Steel.


PTI
New Delhi, September 25, 2018
In the beginning of this year, the country's largest lender State Bank of India (SBI) had filed separate insolvency proceedings against Videocon Industries and Videocon Telecommunications Ltd.


PTI
September 20, 2018
The country's largest lender State Bank of India on Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.


Prosenjit Datta
New Delhi, September 17, 2018
Over the next few years, a number of entrepreneurs, who had shot to prominence over the past decade and a half, will either have lost their entire businesses or will see their empires shrink dramatically in size, after losing many of their companies.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


Prosenjit Datta
New Delhi, September 14, 2018
Mallya kept borrowing more and more to keep KFA flying - putting up his shares and other assets as collateral to keep getting loans from banks.


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.


BusinessToday.In
September 14, 2018
Honest businessmen are being encouraged through several laws like GST and Insolvency and Bankruptcy Code, PM Narendra Modi said.


PTI
September 12, 2018
Kochhar, who has been away from office following an enquiry initiated under the retired Supreme Court judge BN Srikrishna late May but continues to hold onto her position as the managing director & chief executive, was absent from the AGM.


Anand Adhikari
New Delhi, September 12, 2018
In his letter to the parliamentary committee, the celebrated economist Rajan listed out the key reform areas to prevent recurrence of the kind of bad loan that the system is currently grappling with.


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 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


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