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Bhushan Power and Steel

JSW Steel yanks Bhushan Power out of long-drawn bankruptcy

Manufacturing

JSW Steel yanks Bhushan Power out of long-drawn bankruptcy

After over three years of bankruptcy, Bhushan Power and Steel has been bought by JSW Steel for $2.7 ...

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Lenders clear JSW Steel bid for bankrupt Bhushan Power

Infrastructure

Lenders clear JSW Steel bid for bankrupt Bhushan Power

After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with ...

PNB expects recoveries worth $1 bn in three months' time

Finance

PNB expects recoveries worth $1 bn in three months' time

State-owned Punjab National Bank (PNB) is expecting recoveries worth Rs 8,000 crore ($1.05 billion ...

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JSW Steel inches closer to acquiring another bankrupt firm

Manufacturing

JSW Steel inches closer to acquiring another bankrupt firm

JSW Steel got one step closer to becoming the largest steel firm in the country as a bankruptcy ...

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Running out of patience, more banks are putting bad loans on the block

Finance

Running out of patience, more banks are putting bad loans on the block

Lenders including India’s largest bank are opting to sell their loan exposures to companies facing...

SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms

Finance

SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms

The Supreme Court on Friday upheld the two-year-old Insolvency and Bankruptcy Code (IBC) in its ...

Amazon eyes Future Retail stake; Bhushan Power lenders choose JSW's revised bid

General

Amazon eyes Future Retail stake; Bhushan Power lenders choose JSW's revised bid

US-based e-commerce giant Amazon is set to buy a stake of just under 10% in Kishore Biyani-led ...

AGS Transact may buy back TPG, Actis stake; Tatas, JSW bid for Bhushan Power

General

AGS Transact may buy back TPG, Actis stake; Tatas, JSW bid for Bhushan Power

The promoters of Mumbai-based payment solutions provider AGS Transact Technologies Ltd’s will buy ...

Sequoia aims at $1 bn fund; ArcelorMittal out of race for PE-backed Bhushan Power

General

Sequoia aims at $1 bn fund; ArcelorMittal out of race for PE-backed Bhushan Power

Venture capital and growth stage investment firm Sequoia Capital is looking to raise $1 billion for ...