Finance
Lakshmi Vilas Bank CEO quits ahead of merger with Indiabulls Housing
Lakshmi Vilas Bank’s chief executive officer and managing director Parthasarathi Mukherjee has resigned citing personal...
Finance
NBFCs should explore lending off balance sheets: Panellists at VCCircle summit
Non-banking financial companies should look to increase their lending off balance sheets to lower provisions and tackle the liquidity...
Manufacturing
Former Mittal Steel exec's Nithia Capital sets sights on stressed steel assets
Nithia Capital Resources LLP, a London-based alternative investment manager and advisory firm, aims to acquire four to five steel...
Manufacturing
Khaitan's whirring blades to go quiet as fan maker handed over to liquidator
The bankruptcy tribunal has ordered the liquidation of Khaitan Electricals Ltd, a household name for fans, air coolers and other...
Finance
Why liquidation framework remains inadequate despite policy push?
Despite recent changes aimed at improving the liquidation process for bankrupt firms, the dissolution framework does not squeeze...
Finance
Now, a lenders' takeover of DHFL just short of two regulatory nods
All banks have consented to converting financially-troubled Dewan Housing Finance Corp. Ltd (DHFL)’s debt into equity, and...
Finance
JM Financial set to float distressed assets funds
Mumbai-based JM Financial Ltd has revived a plan to invest in stressed assets through separate investment vehicles but has tweaked...
Investor Bulletin
Podcast: KKR hires India ARC chief; Amtek Auto, Jet, Sahara in stressed asset moves
A couple of big debt-laden companies suffered setbacks in their quest to find new investors that could help them get ......
Manufacturing
Jain Irrigation firming up asset sale plan, hires banker
Jain Irrigation Systems Ltd is firming up plans to sell non-core assets, as it looks to pare debt and soothe ......
Finance
Shardul Shroff on the IBC's ‘tortuous process' and the dangers of oligopoly
India’s three-year-old bankruptcy law still needs to be fine-tuned to attract financial investors and to prevent the concentration...
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