Finance
Blackstone to pump more funds into asset reconstruction arm IARC: Kishore Moorjani
International Asset Reconstruction Company Pvt. Ltd (IARC), which began operations in 2007, has been a slow starter in India’s asset ......
Finance
Bankruptcy boom: India added three insolvency professionals and four valuers a day
India’s three-year-old bankruptcy law has not only opened a fast-track path for creditors to recover their debts from defaulters...
Manufacturing
Steelmaker becomes first distressed firm to recast debt under same management
A Chhattisgarh-based iron and steel products maker has become the first distressed company to restructure its debt under the same...
Finance
These three sectors account for nearly three-fourths of bankruptcy cases
Ever since India implemented a new bankruptcy law in 2016, creditors have been quick to drag defaulters to various courts ......
Manufacturing
British tycoon Gupta's GFG Alliance buys Adhunik Metaliks in debut India deal
GFG Alliance, the metals group controlled by Britain-based Sanjeev Gupta, said on Tuesday it has acquired Adhunik Metaliks Ltd...
Manufacturing
JSW Steel gets immunity for Bhushan Power acquisition
The National Company Law Appellate Tribunal (NCLAT) has given JSW Steel Ltd immunity from all criminal investigations for its...
Infrastructure
JSW Energy to acquire 100% stake in GMR Kamalanga Energy
Sajjan Jindal-owned JSW Energy has entered into a share purchase agreement with GMR Energy Ltd to acquire 100% stake in...
Finance
Cerberus revises bid for Altico to beat off rival suitor SSG Capital
US-based private equity group Cerberus Capital Management has revised its offer for shadow bank Altico Capital India, a senior...
Infrastructure
Blackstone gets court nod to buy Hyderabad Trident hotel under insolvency
Private equity giant Blackstone Group Inc. has received court approval to acquire a debt-laden Trident hotel in Hyderabad for...
Finance
An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend
The number of companies dragged into bankruptcy courts jumped over the last two quarters, as creditors pressed the pedal to ......
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