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2 mins read
ArcelorMittal's $6.1 billion bid for Essar Steel is on hold again
A bench headed by Justice Rohinton F. Nariman admitted the appeals by Essar Steel lenders …
1 min read
ArcelorMittal's bid for the bankrupt Essar Steel clears another hurdle that will give banks 60% off their dues-- but the appellate order has done something more
Global giant Arcelor Mittal had made a bid for a bankrupt Indian company Essar Steel. Simultaneo…
2 mins read
ArcelorMittal submits a higher bid for bankrupt Essar Steel but on one condition
A fresh round of bidding for the indebted Essar Steel - which was one of the first 12 accounts iden…
2 mins read
ArcelorMittal isn’t giving up on its bid for Essar Steel without a fight
However, ArcelorMittal’s bid was subject to one condition - it said it would only pay the outs…
1 min read
ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
New Delhi, Nov 19 () Following the Supreme Court verdict on Essar Steel resolution plan, global ste…
PTI
1 min read
Look forward to close Essar Steel acquisition soon: ArcelorMittal
New Delhi, Nov 15 () Global steel giant ArcelorMittal on Friday said it is looking forward to close…
PTI
3 mins read
Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
New Delhi, Nov 17 () Essar Steel, Adani Group and state-owned GAIL have bought majority of natural …
PTI
1 min read
Lakshmi Mittal can begin taking over Essar Steel as India's Supreme Court ends the debate on how to distribute the money
The ultimate discretion on distribution of funds was with the Committee of creditors, the SC ord…
2 mins read
ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
New Delhi, Dec 13 () Global steel giant ArcelorMittal has initiated payment for acquisition of debt…
PTI
2 mins read
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…
2 mins read
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 …
3 mins read
India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement
In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…
2 mins read
After buying out the bankrupt Electrosteel, Vedanta is spending billions on a new steel plant in the Indian state of Jharkhand
The move is part of Vedanta’s integration of its newly-acquired steel company. Electrosteel …
1 min read
Offering loans to clean up bad loans! State-run banks to issue loans worth Rs 30,000 crore to ARCs
According to one of the bankers, a number of loans from infrastructure sector such as power, steel…
2 mins read
NMDC Hikes Iron Ore Prices To Boost Domestic Supply
The NMDC has raised iron ore prices by Rs 250-300 a tonne for June.
1 min read
NCLT approves ArcelorMittal's Rs 2,360 cr bid for Odisha Slurry Pipeline
Commenting on the development, an ArcelorMittal spokesperson in a statement said: "We welcome toda…
PTI
5 mins read
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…
2 mins read
Coalgate Verdict: Worst Fears For Power Companies Come True
Companies had expected the court to take a more lenient view on the 40 coal mines that had started …
ET
3 mins read
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…