Beena Parmar
Consumer
Nirav Modi's second firm set for liquidation
Fugitive diamantaire Nirav Modi-owned Firestar International Pvt Ltd has been ordered for liquidation by the Mumbai bench of the bankruptcy ......
Infrastructure
SpiceJet to hive off cargo, logistics business to subsidiary
SpiceJet, India’s second-largest airline by passengers, will hive off its cargo and logistics services via a slump sale to subsidiary ......
Finance
Prudent ARC set to raise fresh capital for its AIF
New Delhi-based Prudent ARC Ltd is set to raise around Rs 450 crore (about $60.5 million) in the second scheme ......
Manufacturing
Mid-sized and smaller distressed steel assets likely to see indirect PE interest
Given a competitive pricing advantage and strong steel demand, several mid-sized and smaller distressed steel assets could be snapped up ......
Finance
BlackRock managing director on India's 'handle with care' stressed assets market
The Indian stressed assets market needs to sharpen focus on the long term credit ecosystem, bring more local experts to ......
Manufacturing
Omkara Assets Reconstruction's bid for Odisha steel maker gets greenlight
The bankruptcy tribunal has okayed Omkara Assets Reconstruction Pvt Ltd’s bid to acquire Jagannath Sponge Private Ltd in a deal ......
Infrastructure
Realty firm Nirmal Lifestyle enters bankruptcy for default on Altico Capital's loans
Mumbai-based real estate development firm Nirmal Lifestyle Ltd has been admitted for bankruptcy on a plea filed by IDBI Trusteeship ......
TMT
Why investors have been unable to rescue India's large telecom companies?
India's third-largest telecom services provider, Vi (formerly Vodafone Idea), has become yet another example of investor ennui that has cost ......
Finance
UVARCL picks up 15% debt of engineering services firm from SBI
UV Asset Reconstruction Company Ltd (UVARCL) has bought about 15% debt of a stressed construction and engineering services firm, two ......
TMT
Allowing startups to list abroad will produce multinational giants: Startups to PM
Twenty two Indian startups and investors have urged PM, Narendra Modi, to allow start-ups to directly list abroad. The signatories to ......
