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PNB Housing settles Carlyle open offer case with regulator

Finance

PNB Housing settles Carlyle open offer case with regulator

PNB Housing Finance Ltd and 11 directors of the company have settled the Carlyle Group open offer ...

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Finance

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (...

Punjab National Bank to buy stake in bad bank

Finance

Punjab National Bank to buy stake in bad bank

Government-owned Punjab National Bank (PNB) on Saturday said it will acquire a stake in the soon-to-...

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Chennai steel maker to buy rival under Insolvency and Bankruptcy Code

Manufacturing

Chennai steel maker to buy rival under Insolvency and Bankruptcy Code

A Tamil Nadu-based steel manufacturer is set to acquire bankrupt steelmaker Kamachi Industries ...

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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Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers

Finance

Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers

A steel firm backed by Centrum Group’s microlender Altura and Anand Rathi Group’s NBFC arm has ...

Grapevine: Jindal India Thermal Power's lenders reject promoters' resolution offer

General

Grapevine: Jindal India Thermal Power's lenders reject promoters' resolution offer

Jindal India Thermal Power’s 17-member lenders’ consortium has rejected the promoters debt ...

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

Manufacturing

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore...

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Kotak's stressed assets fund inks debut deal

Manufacturing

Kotak's stressed assets fund inks debut deal

The distressed assets fund of Kotak Investment Advisors has marked its debut deal, an executive told...

Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus

General

Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus

The total number of cases that have ended with the order of liquidation stand at 378 as on 31 March...