Finance
Bank of America seals its biggest distressed asset deal in India
Bank of America has sealed its biggest deal in India's stressed assets segment, with the investment banking giant buying bad...
Finance
ARCs, stressed asset investors look for deals as banks auction $3.6 bn of bad loans
Asset reconstruction companies (ARCs) and other investors may pursue distressed assets more actively in coming weeks as banks...
Consumer
Brookfield inks pact to acquire Leela hotels for $576 mn
Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire...
Finance
Crisis-hit Jet Airways' lenders may finalise resolution plan next week
A resolution plan for crisis-hit carrier Jet Airways may be finalised in a week’s time, a senior State Bank of ......
Finance
Tribunal questions lenders' acceptance of settlement offer for Sterling Biotech
The National Company Law Tribunal has raised suspicion on the lenders’ acceptance of a one-time settlement offer from the...
Consumer
Patanjali revises offer for debt-laden Ruchi Soya
Patanjali Ayurved Ltd, the consumer goods company backed by yoga guru Baba Ramdev, has made an improved offer in its ......
Infrastructure
I Squared Capital-IFC platform to buy Delhi-Agra toll road project from RInfra
Reliance Infrastructure Ltd (RInfra) on Wednesday signed an agreement to sell its entire stake in the Delhi-Agra toll road project...
Manufacturing
Bank of Maharashtra to auction Videocon plant in Tamil Nadu
Government-owned Bank of Maharashtra will auction the consumer electronics manufacturing plant of Videocon Industries in Tamil...
Manufacturing
Debt-laden Garden Silk may draw interest from asset reconstruction firm
Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......
Finance
LIC-owned IDBI Bank to shed non-core assets, NPAs as part of turnaround plan
IDBI Bank and its new majority shareholder, state-owned Life Insurance Corporation of India (LIC), have chalked out a plan which...
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