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Essar to further cut down debt by 70 pc in last leg of deleveraging exercise
Essar said it has made capital investments of over Rs 2 lakh crore (about USD 28 billion) in secto…
PTI
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
Essar signals resuming investment-led growth plan
"Committed gas supply contracts for the Essar Steel Complex were withdrawn in 2012 and allotted co…
PTI
Essar has sold Aegis to a Singaporean private investment firm
Essar exits BPO business, sells Aegis to Capital Square Partners
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
AMNS India parent signs USD 5 bn term loan to refinance Essar Steel acquisition
"AMNS Luxembourg Holding S A (AMNS), the parent company of the AMNS India joint venture between Nip…
PTI
Tata Teleservices & DoCoMo To Split, Setting Stage For Negotiations Over Valuation
The Japanese company is exiting the Indian telecom venture since it is known to prefer owning a maj…
Economic Times
ICICI Bank’s bad loans widens, expects to fall in next nine months
Its bad loans ratio widened in the three months to stand at 6.82 percent of total lending at the en…
Will Reliance Capital lenders get their dues fast or will there be legal delays
With another round of bidding for Reliance Capital Ltd slated later this month, the question is whe…
Vedanta delisting opportunistic, price way below intrinsic value of stock: Report
Sebi's delisting of equity shares regulations of 2009 provide sufficient protection to minority sh…
PTI
NCLAT Chairman Justice S J Mukhopadhaya retires
He delivered several landmark judgements during his tenure of nearly four years. He supervised and…
PTI
2019: NCLAT passed several judgements but many of them failed Supreme Court perusal
New Delhi, Jan 1 () Whos who of the corporate world - from Reliance to Tatas to ArcelorMittal - wer…
PTI
Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for ₹4,350 crore
Sources said Patanjali settled Rs 4,350 crore of dues Ruchi Soya had towards financial creditor…
PTI
Indian financial system in Darwinian mode, only fittest lenders survive: Uday Kotak
"India is in massive Darwinian mode of what I call as the survival of the fittest.
PTI
PM, FM, industry welcome RBI 'bazooka' of interest rate cut, liquidity measures
The large rate cut, the adjustment in capital conservation buffer, the moratorium on repayments and…
PTI
Goldman Sachs’s India Chairman explains the country’s M&A boom
Firstly, India’s market dynamics call for consolidation. “Local companies are consolidatin…
2018 was a big year for mergers and acquisitions in India. Here are the top deals
This year proved to be quite a robust one for mergers and acquisitions for Indian corporates. Bu…