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Jaypee group is selling its assets to reduce debt.

Business

kotak, l&t, nbcc, jaypee infratech, expression of interest, nclt

JIL has an outstanding debt of nearly Rs 9,800 crore, of which Rs 4,334 crore pertains to IDBI.

20 Nov 2018 6:16 PM IST

PNGRB last week gave GAIL four more years till February 2019 to complete the 1104-km Kochi-Koottanad-Bangalore-Mangalore natural gas pipeline.

Business

GAIL move NCLT seeking rejection of ArcelorMittal bid for Essar Steel

Operational creditors, under the plan, are to get just Rs 214 crore against the outstanding of Rs 4,976 crore.

19 Nov 2018 1:50 PM IST

IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.

Business

Multiple options explored; selling IL&FS as going concern best case...

The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.

5 Nov 2018 12:42 PM IST

McDonalds India has terminated the franchise agreement for 169 fast-food outlets in north and east India run by CPRL.

Business

NCLT direct McDonald's to reply show cause notice for contempt

High court in November had put a stay on the NCLT notice after McDonald's challenged the order.

22 Jan 2018 1:37 PM IST

Vodafone confirms that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (Photo AFP)

Business

NCLT approves Idea-Vodafone merger

Proposed merger of Vodafone India and Idea will create an entity with a revenue of around Rs 77,500-80,000 crore.

12 Jan 2018 4:32 PM IST

As per the scheme, Dish TV shareholders would be owning 1,066.861 million existing shares or 55.4 per cent of Dish TV Videocon, with Vd2h shareholders owning 857.791 million new shares or 44.6 per cent.

Business

Dish TV evaluating insolvency impact on Videocon d2h merger

Proposed merger has already received regulatory approvals from the Ministry of Information and Broadcasting.

12 Jan 2018 10:07 AM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

Business

Financial bids for all 12 large NPA accounts by month-end: SBI

SBI is the lead banker in 6 out of 12 large NPAs with total outstanding loan of Rs 1.75 lakh crore.

10 Jan 2018 5:46 PM IST

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the banks ATMs.

Business

PNB expects resolution of 4-5 large NPA accounts bilaterally

Out of 28 identified cases, Punjab National Bank has exposure in 20 accounts.

2 Jan 2018 4:18 PM IST

Tata Power is planning to sell its non-core assets to bring down its debt.

Business

Tata Power signs pact to sell defence business to Tata Advanced...

Tata Power had announced last month that its board has given nod for sale of its defence business to the TASL for Rs...

27 April 2018 4:11 PM IST

Business

Patanjali denies placing Rs 9,000 cr bid for Ruchi Soya Industries

According to reports, Ruchi Soya's debt stood at about Rs 12,000 crore as of December 31.

27 April 2018 9:16 AM IST

Debt-ridden Videocon Group on Wednesday approached the principal bench of NCLT requesting it to direct all insolvency case.

Business

Videocon approaches NCLT to list all insolvency cases together

The step-down subsidiaries include Videocon Telecom, Electro World and Millennium Appliances.

25 April 2018 12:51 PM IST

$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business

Vedanta's acquisition of Electrosteel credit positive: Moody's

The move would augment the former's business profile and revenue generation.

23 April 2018 7:18 PM IST