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Gujarat pharma firm to hit the rocks three years after bankruptcy

Healthcare

01 March, 2021

Gujarat pharma firm to hit the rocks three years after bankruptcy

A Vadodara-based pharmaceuticals company, which entered insolvency three years ago, will collapse into liquidation as the apex court has refused ......

Grapevine: Microsoft may invest in Paytm; Union Bank may pare stake in insurance JV

General

27 April, 2020

Grapevine: Microsoft may invest in Paytm; Union Bank may pare stake in insurance JV

Digital payments firm Paytm is in talks with US technology giant Microsoft to raise $100 million (about Rs 760 crore ......

Grapevine: Lee Fixel, Kae Capital plan new funds; Warburg, Goldman may make PE bets

General

16 September, 2019

Grapevine: Lee Fixel, Kae Capital plan new funds; Warburg, Goldman may make PE bets

Former Tiger Global Management executive Lee Fixel is looking to invest around $1 billion (Rs 7,149 crore at current exchange ......

Govt unveils big-bang plan to merge state-run banks

Finance

30 August, 2019

Govt unveils big-bang plan to merge state-run banks

The government will merge 10 state-run banks into four as part of a big consolidation drive to clean up the ......

PNB may take control of two-three smaller state-run banks

Finance

21 May, 2019

PNB may take control of two-three smaller state-run banks

India's Punjab National Bank could take control of two or three small state-run banks, that could include Oriental Bank Of ......

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Sterling Biotech faces liquidation; lenders, promoters may challenge NCLT ruling

Finance

09 May, 2019

Sterling Biotech faces liquidation; lenders, promoters may challenge NCLT ruling

In a setback for the lenders of Sterling Biotech, the Mumbai bench of the National Company Law Tribunal (NCLT) has ......

Tribunal questions lenders' acceptance of settlement offer for Sterling Biotech

Finance

15 March, 2019

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 absconding ......

ArcelorMittal eyes Essar port, plant; GIC, Mitsubishi vie for GMR Airports stake

General

20 February, 2019

ArcelorMittal eyes Essar port, plant; GIC, Mitsubishi vie for GMR Airports stake

Essar Group held talks with ArcelorMittal over the sale of its port and power plant at Hazira in Gujarat, The ......

Transit Capital to raise debut fund; Andhra Bank board okays stake sale in JVs

General

06 November, 2018

Transit Capital to raise debut fund; Andhra Bank board okays stake sale in JVs

Venture firm Transit Capital is in talks to raise up to $60 million (Rs 438 crore) for its debut fund, ......

Stressed assets: Punj Lloyd case begins; NCLT says review bid for Alok Industries

General

15 June, 2018

Stressed assets: Punj Lloyd case begins; NCLT says review bid for Alok Industries

Indian banks are grappling with nearly $150 billion in bad loans and the various branches of the National Company Law ......