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Essar Steel

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Will the NCLT order on DHFL deter financial investors from dabbling in IBC assets?

Finance

26 May, 2021

Will the NCLT order on DHFL deter financial investors from dabbling in IBC assets?

The bankruptcy tribunal’s move last Thursday directing lenders of Dewan Housing Finance Corporation (DHFL) to consider a settlement proposal from ......

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How ArcelorMittal Nippon is reforging Essar Steel after takeover

Manufacturing

07 September, 2020

How ArcelorMittal Nippon is reforging Essar Steel after takeover

When brothers Shashi and Ravi Ruia set up Essar Steel India Ltd in 1998, they may never have imagined that ......

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Flashback 2019: Few sectors, fewer big-ticket deals dominate top M&As

Finance

31 December, 2019

Flashback 2019: Few sectors, fewer big-ticket deals dominate top M&As

The total value of mergers and acquisitions (M&As) in India slumped in 2019, as only a handful of local companies ......

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Flashback 2019: Big PE deals mark otherwise rough year for infrastructure sector

Infrastructure

26 December, 2019

Flashback 2019: Big PE deals mark otherwise rough year for infrastructure sector

After a lacklustre 2018, the Indian infrastructure sector would have hoped for a turnaround in its fortunes this year. But ......

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

Manufacturing

17 December, 2019

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

ArcelorMittal SA said on Monday it had formed a joint venture with Nippon Steel Corp to run Essar Steel, the ......

Cabinet clears changes in bankruptcy law to protect new owners

Finance

11 December, 2019

Cabinet clears changes in bankruptcy law to protect new owners

The Union Cabinet approved on Wednesday a number of changes in the Insolvency and Bankruptcy Code to protect new owners ......

Nifty, Sensex rise as banks surge; telecom stocks jump

Markets

19 November, 2019

Nifty, Sensex rise as banks surge; telecom stocks jump

Indian shares ended higher on Tuesday, led by gains in banking stocks, while shares of telecom companies surged on the ......

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

Manufacturing

15 November, 2019

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

The Supreme Court has cleared the way for global steel giant ArcelorMittal SA’s Rs 42,000 crore ($5.85 billion) acquisition of ......

Back from brink, Amtek faces debt resolution process again as SC orders fresh bids

Manufacturing

25 September, 2019

Back from brink, Amtek faces debt resolution process again as SC orders fresh bids

Two weeks after staying the liquidation of Amtek Auto Ltd, India's top court has allowed lenders of the automobile component ......

Stressed assets: Essar Steel, Jet Airways cases drag on; Patanjali to buy Ruchi Soya

General

26 July, 2019

Stressed assets: Essar Steel, Jet Airways cases drag on; Patanjali to buy Ruchi Soya

The distressed assets segment saw more action this week with at least one more well-known company reaching a resolution while ......