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Indian shares close higher as financials gain, COVID-19 cases fall

Markets

24 May, 2021

Indian shares close higher as financials gain, COVID-19 cases fall

Indian shares settled marginally higher on Monday, helped by gains in heavyweight financial stocks including State Bank of India, and ......

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Chennai steel maker to buy rival under Insolvency and Bankruptcy Code

Manufacturing

17 May, 2021

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 beating three other applicants under the Insolvency ......

SBI stressed assets specialist set to become first CEO of proposed bad bank

Finance

12 May, 2021

SBI stressed assets specialist set to become first CEO of proposed bad bank

State Bank of India’s (SBI) Padmakumar Madhavan Nair has been appointed as chief executive officer of a bad bank or ......

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Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

Manufacturing

07 May, 2021

Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

A Mumbai-based asset reconstruction company (ARC), along with a local investor, has bought a stressed Kolkata-based firm that owns a ......

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Newly born ARC, backed by Brookfield and lender, sets sights on stressed real estate

Finance

08 April, 2021

Newly born ARC, backed by Brookfield and lender, sets sights on stressed real estate

An asset reconstruction company or ARC, freshly floated by Canada's Brookfield Asset Management and backed by an Indian mortgage lender, ......

Grapevine: Adani Green, Amplus eye deals; Cube Highways mulls stake sale, InvIT

General

01 March, 2021

Grapevine: Adani Green, Amplus eye deals; Cube Highways mulls stake sale, InvIT

Clean energy developer Adani Green Energy Ltd (AGEL) is in advanced discussions to acquire a 250MW solar power project operated ......

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Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

Finance

23 December, 2020

Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

The distressed assets market was still going through teething problems from the four-year bankruptcy law when the Covid-19 pandemic struck ......

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ARC prepares to swoop in on steel firm even as lenders near one-time settlement

Manufacturing

02 December, 2020

ARC prepares to swoop in on steel firm even as lenders near one-time settlement

A top asset reconstruction company (ARC) is circling a steel maker even as lenders near a one-time settlement (OTS) with ......

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India Inc reins in FY20 ad costs even as some ramp up in pre-Covid days

Finance

13 November, 2020

India Inc reins in FY20 ad costs even as some ramp up in pre-Covid days

Corporate India curbed advertising expenses for 2019-20 even before the slowing economy took a turn for the worse at the ......

ArcelorMittal likely to bid for Uttam Galva Steels under IBC

Manufacturing

06 October, 2020

ArcelorMittal likely to bid for Uttam Galva Steels under IBC

Billionaire Lakshmi Mittal-owned ArcelorMittal has shown interest in acquiring Uttam Galva Steels under the Insolvency and Bankruptcy Code (IBC), a ......