Finance
Piramal plans to merge three Shriram entities; mulls exit
Piramal Group plans to merge all entities of Shriram group and financial services, in which it has considerable stake, with ......
Infrastructure
IL&FS arm starts process to sell road project in China
A step-down unit of Infrastructure Leasing & Financial Services Ltd (IL&FS) has started a process to sell its 49% stake...
General
Stressed assets this week: Essar Steel case drags on; Jet may fly to NCLT
Developments in the stressed assets’ space have picked up pace, with large assets seeing changes at various levels, according...
Manufacturing
Essar Steel lenders dig in their heels against StanChart, operational creditors
Essar Steel India Ltd’s Committee of Creditors (CoC) is sticking to its stand on how to distribute the capital ArcelorMittal...
Finance
IDFC Alternatives general counsel Vinod Joseph joins law firm
IDFC Alternatives’ general counsel, Vinod Joseph, has quit the homegrown private equity firm to join law firm Argus Partners...
Manufacturing
CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units
A consortium of US-based distressed assets investor CarVal Investors and Asset Reconstruction Company of India Ltd (Arcil) has...
Consumer
SEBI asks Hotel Leelaventure to keep Brookfield deal on hold
The Securities and Exchange Board of India has asked Hotel Leelaventure Ltd to not act upon its deal with Canadian ......
Finance
Nirmal Gangwal's Brescon takes second shot at stressed assets biz
Debt restructuring and turnaround advisory firm Brescon Corporate Advisors is gearing up to raise its first special situations...
Consumer
Hotel Leelaventure's deal with Brookfield hits a wall as ITC moves NCLT
Cigarette-to-hotels company ITC Ltd has approached the National Company Law Tribunal (NCLT) against debt-ridden Hotel Leelaventure...
Infrastructure
Why bankruptcy court looks set to be Jet Airways' next destination
Arvind Gupta is one of Jet Airways’ 1.4 lakh shareholders. He says he wrote the obituary for India’s oldest private...
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