SBI
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 beating three other applicants...
Finance
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 ......
Manufacturing
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...
Finance
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...
General
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...
Finance
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...
Manufacturing
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 ......
Finance
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 ......
Manufacturing
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...
General
Grapevine: Brookfield, SBI, HDFC to jointly set up asset reconstruction firm
Canada’s Brookfield, State Bank of India (SBI), and housing finance firm HDFC are joining hands to come up with a ......
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