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Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid

Manufacturing

26 October, 2018

Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid

Japan’s Nippon Steel & Sumitomo Metal Corp. and alloy giant ArcelorMittal said on Friday the lenders of Essar Steel India ......

RIL eyes stakes in Hathway, DEN; Piramal mulls sale of contract pharma biz

General

16 October, 2018

RIL eyes stakes in Hathway, DEN; Piramal mulls sale of contract pharma biz

Reliance Industries is looking to buy more than 25% stake each in cable TV and broadband service providers Hathway Cable ......

Govt seeks to take control of debt-ridden IL&FS, proposes Uday Kotak as chairman

Finance

01 October, 2018

Govt seeks to take control of debt-ridden IL&FS, proposes Uday Kotak as chairman

India on Monday moved to take control of Infrastructure Leasing and Financial Services (IL&FS), whose recent defaults have roiled Indian ......

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Manufacturing

24 August, 2018

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become ......

Adani Wilmar to acquire Ruchi Soya; Cube Highways may buy Ramky's road assets

General

24 August, 2018

Adani Wilmar to acquire Ruchi Soya; Cube Highways may buy Ramky's road assets

Adani Wilmar, the joint venture between the Adani Group and Singapore’s Wilmar International, has received the approval from a committee ......

Stressed assets: Revised bids allowed for Bhushan Power, NCLT admits Provogue

General

03 August, 2018

Stressed assets: Revised bids allowed for Bhushan Power, NCLT admits Provogue

As Indian banks grapple with nearly $150 billion in bad loans, the National Company Law Tribunal (NCLT) has admitted about ......

Blackstone eyes realty assets of Singh brothers; ARCs circle Reid & Taylor

General

31 July, 2018

Blackstone eyes realty assets of Singh brothers; ARCs circle Reid & Taylor

Private equity giant Blackstone Group is in advanced negotiations with Fortis Healthcare’s former promoters Malvinder and Shivinder Singh and Dhillon ......

Stressed assets: NCLT clears bids for Monnet Ispat, Adhunik Metaliks, Sirpur Paper

General

20 July, 2018

Stressed assets: NCLT clears bids for Monnet Ispat, Adhunik Metaliks, Sirpur Paper

As Indian banks grapple with nearly $150 billion in bad loans, various branches of the National Company Law Tribunal (NCLT) ......

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

Manufacturing

19 July, 2018

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

The National Company Law Tribunal on Thursday approved the sale of bankrupt metals firm Monnet Ispat & Energy Ltd to ......

NCLT approves sale of Sirpur Paper Mills to JK Paper

Manufacturing

19 July, 2018

NCLT approves sale of Sirpur Paper Mills to JK Paper

The National Company Law Tribunal on Thursday approved a proposal by paper manufacturer JK Paper Ltd to take over the ......