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Yes Bank CEO on tackling NPAs, reviving loan growth and more

Finance

20 November, 2020

Yes Bank CEO on tackling NPAs, reviving loan growth and more

On March 5, Prashant Kumar, then the finance chief of State Bank of India, was tasked with leading troubled lender ......

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Edelweiss ARC to pick up stake in liquor maker in debt recast move

Consumer

17 November, 2020

Edelweiss ARC to pick up stake in liquor maker in debt recast move

Edelweiss Asset Reconstruction Company Ltd will pick up a minority stake in a publicly listed liquor company as part of ......

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Phoenix ARC expects activity to pick up in Jan-March: Chief exec

People

09 November, 2020

Phoenix ARC expects activity to pick up in Jan-March: Chief exec

Phoenix ARC Private Limited, sponsored by Kotak Mahindra Group, witnessed a spike in profit for April-September on a year-on-year basis. The ......

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M&A Lab: How Electrosteel turned a corner under Vedanta before COVID-19 hit

Manufacturing

05 November, 2020

M&A Lab: How Electrosteel turned a corner under Vedanta before COVID-19 hit

Last month, billionaire Anil Agarwal came in for criticism after he sought to delist his flagship mining company Vedanta Ltd ......

Snapdeal founders, others invest in bad loans recovery-focussed Credgenics

TMT

30 October, 2020

Snapdeal founders, others invest in bad loans recovery-focussed Credgenics

Analog Legalhub Tech Solutions Pvt Ltd, which operates bad loans recovery-focussed platform Credgenics, has raised Rs 24.8 crore ($3.3 million) ......

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How a former employee dragged Kalaari-backed fintech firm to bankruptcy court

TMT

28 October, 2020

How a former employee dragged Kalaari-backed fintech firm to bankruptcy court

Kalaari Capital-backed fintech firm has been pushed into bankruptcy after a Mumbai bench of the insolvency tribunal admitted a petition ......

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PE-backed ReGen Powertech unit attempts to woo buyers

Infrastructure

22 October, 2020

PE-backed ReGen Powertech unit attempts to woo buyers

An insolvent subsidiary of ReGen Powertech Pvt Ltd has initiated the process to find buyers under the bankruptcy law even ......

JSW Steel gets NCLT approval to buy Asian Colour Coated Ispat

Manufacturing

19 October, 2020

JSW Steel gets NCLT approval to buy Asian Colour Coated Ispat

Billionaire Sajjan Jindal-owned JSW Steel Ltd has received court approval to acquire bankrupt steel company Asian Colour Coated Ispat after ......

Jet Airways lenders approve bid by Kalrock Capital consortium

Infrastructure

17 October, 2020

Jet Airways lenders approve bid by Kalrock Capital consortium

Lenders to Jet Airways (India) Ltd approved on Saturday a resolution plan to revive the airline that was grounded one-and-a-half ......

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Times Group-backed innerwear maker heads for liquidation

Consumer

12 October, 2020

Times Group-backed innerwear maker heads for liquidation

A Mumbai-based innerwear firm backed by Times Group, which publishes The Times of India newspaper and owns news channels and ......