Infrastructure
IL&FS set to sell wind energy assets to GAIL for $689 mn
State-run GAIL (India) Ltd has emerged as the highest bidder to buy seven operating wind energy assets of the financially ......
Finance
ARC Scan: How Edelweiss bloomed into India's top buyer of bad loans
Siby Antony, a four-decade veteran in the financial services industry, personally visits the main projects or factories of a company...
General
Stressed assets this week: Spotlight turns on Jet Airways, Gitanjali Gems
Since the Insolvency and Bankruptcy Code (IBC) was passed in 2016, a little over Rs 1.42 lakh crore of claims ......
Infrastructure
Can lenders pull back Jet Airways from the brink of collapse?
Once India's biggest private air carrier, Jet Airways, which grounded operations on Wednesday, can now only depend on investors...
Manufacturing
Ballarpur Industries unit dragged to bankruptcy court for second time
Kotak Mahindra Bank has dragged BILT Graphic Paper Products Ltd to the bankruptcy court after the unit of Avantha group-promoted...
Finance
UV ARC set to float maiden distressed assets fund
UV Asset Reconstruction Company Ltd (UV ARC) is planning to float its debut fund for buying distressed assets, a person ......
Consumer
Fugitive diamantaire Mehul Choksi's Gitanjali Gems heads for liquidation
Absconding diamantaire Mehul Choksi-promoted Gitanjali Gems Ltd is headed for liquidation after a majority of its lenders decided...
Consumer
Mcleod Russel to fully exit Rwanda tea estate
Mcleod Russel India Ltd has decided to sell its remaining stake in a Rwandan tea estate, as the plantation company ......
General
Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus
The Insolvency and Bankruptcy Code, instituted in 2016 to tackle the bad loans weighing down on India’s banking system,...
Infrastructure
Arcelor's wait for Essar Steel gets longer as SC steps in to resolve lenders' tiff
The wait for ArcelorMittal to buy Essar Steel, and enter the domestic steel industry, gets longer. More than a month after...
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