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PTI
May 23, 2018



BusinessToday.In
May 23, 2018
A tougher option could be to finally bring petrol and diesel under GST, which has been dangled as a lollipop for a long time. Even at a prohibitive 18 per cent tax rate, petrol would barely cost Rs 45.75 per litre.


BusinessToday.In
May 22, 2018
The State Bank of India, the country's largest lender, reported a net loss for a second quarter back-to-back, and this time it is three times worse. In its Q4FY18 results, SBI reported a net loss of Rs 7,718 crore.


Rajeev Dubey
New Delhi, May 21, 2018
India's crude basket which was at $52.49 in April 2017 is now well over $72. If crude gets to $100, India's price could be $93 for the full year, according to a report released by the SBI. That's nearly double of 2016-17.


PTI
May 14, 2018



PTI
May 14, 2018



BusinessToday.In
May 8, 2018
The choice facing the Committee of Creditors (CoC) of the beleaguered Jaypee Infratech Ltd (JIL) today is reportedly between a haircut of Rs 230 crore and one of Rs 2,800 crore, and the ball will likely be passed to the Supreme Court.


Anand Adhikari
New Delhi, May 8, 2018
Kolkata-based Electrosteel Steels Limited, with debt of Rs 14,000 crore plus, recently became the first company from the dozen large distressed cases shortlisted by the Reserve Bank of India to exit from the Insolvency and Bankruptcy Code (IBC).


PTI
May 2, 2018



BusinessToday.In
May 3, 2018
The protracted battle to acquire Binani Cement is set for another showdown. The Kolkata bench of the National Company Law Tribunal (NCLT) on Wednesday asked the committee of creditors (CoC) of Binani Cement to evaluate a revised offer by UltraTech Cement Ltd.


Nevin John
April 20, 2018
It's tough to conclude the resolution process in at least half of the 12 big loan defaulters within the 270 days time frame allowed under the Insolvency and Bankruptcy Code (IBC).


Dipak Mondal
April 17, 2018
The National Company Law Tribunal (NCLT) has approved Vedanta's resolution plan for Electrosteel Steels, one of the 12 large corporate defaulters referred to it by the Reserve Bank of India (RBI).


BusinessToday.In
April 16, 2018
RIL-JM Financial ARC was the sole bidder and its initial offer of Rs 4,950 crore on April 12 had reportedly been rejected by 30 per cent of the CoC on the grounds that it was too low.


BusinessToday.In
April 16, 2018
Days after Supreme Court refused to allow out-of-court deal for debt-laden Binani Industries, Aditya Birla Group's UltraTech Cement has sweetened its offer by another Rs 700 crore to Rs 7,990 crore.


Sumant Banerji
April 13, 2018
The committee of creditors of troubled domestic auto parts maker Amtek Auto on Thursday approved the resolution plan submitted by Liberty House, clearing the decks for the acquisition by the Sanjeev Gupta-led global industrial group GFG Alliance.


BusinessToday.In
New Delhi, April 2, 2018
Abhishek Dalmia-led Renaissance Steel India today reportedly said that it will move the bankruptcy court, again, challenging the beleaguered firm's Committee of Creditors' (CoC) decision.


BusinessToday.In
New Delhi, March 15, 2018
The Dalmia Bharat-Bain Piramal Resurgence Fund consortium moved a step closer towards acquiring Binani Cement.


BusinessToday.in
March 7, 2018
UltraTech Cement approached the bankruptcy court questioning the rejection of its bid for Binani Cement Ltd.


Dipak Mondal
New Delhi, March 5, 2018
The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code (IBC) may see bidders demanding 60% haircut on an average, says a report by rating agency CRISILl.


BusinessToday.in
New Delhi, February 23, 2018
There were five others in the race, including the Adani group, Jieyang Zhonguci, a real estate firm from China and Deutsche Bank.


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