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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.


BusinessToday.In
May 23, 2018
The broader NSE Nifty closed 1.01 percent or 106 points lower at 10,430.35, while the benchmark BSE Sensex fell 0.88 percent or 306 points to 34,344.91. Both the indexes fell over 1 percent in the last hour of trading.


www.businesstoday.in
May 22, 2018



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.


BusinessToday.In
New Delhi, May 21, 2018
After almost a decade of limping growth, the significant recovery of the global economy as well as that of the Global Steel Industry in 2017 also points to a favourable outlook for the Indian steel industry.


www.businesstoday.in
May 21, 2018



www.businesstoday.in
May 21, 2018



www.businesstoday.in
New Delhi, May 21, 2018
Hero Cycles has announced that it will sell the world's cheapest bicycle at Rs 1,999, almost Rs 500 cheaper than the lowest priced cycle currently; with the Tata group acquiring Bhushan Steel for Rs 36,000 crore, the government expects another Rs 1 lakh crore from the remaining 10 resolutions currently under insolvency in NCLT and now that Karnataka elections are over, oil marketing firms have raised the prices of petrol and diesel for the 7th day in a row-33 paise for petrol and 26 paise for diesel. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, May 21, 2018
he National Company Law Appellate Tribunal (NCLAT) today issued notices to Tata Steel, the resolution professional and the committee of creditors (CoC) of Bhushan Steel (BSL) on a petition filed by its promotor Neeraj Singal challenging the takeover last week.


www.businesstoday.in
May 21, 2018



www.businesstoday.in
May 21, 2018



www.businesstoday.in
May 20, 2018



PTI
May 20, 2018
In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code, BoI's exposure was Rs 8300 crore. In the second list of 27 accounts, the exposure was Rs 3000 crore.


PTI
New Delhi, May 19, 2018
Tata Steel Ltd has won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets the RBI had referred to NCLT proceedings last year.


www.businesstoday.in
May 19, 2018



BusinessToday.In
New Delhi, May 18, 2018
In its statement, Tata Steel assured that all necessary approvals, like from Competition Commission of India (CCI) and National Compan Law Tribunal (NCLT), have already been secured.


www.businesstoday.in
May 18, 2018



www.businesstoday.in
May 18, 2018



www.businesstoday.in
May 17, 2018



BusinessToday.In
May 17, 2018
Beefed up by strong set of numbers for the previous quarter and rising steel prices, JSW Steel yesterday announced that it will hike up its steel capacity by 37 per cent in the next two years.


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