stressed assets
Finance
Banks scramble to beef up defences as coronavirus threatens to sour loan books
Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as the industry ......
Manufacturing
Once-iconic textile firm enters bankruptcy to weave its way out of crisis
A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset...
Finance
Virus would have pushed viable firms towards premature death under IBC: IBBI chief
Last month, the government suspended triggering of insolvency cases against companies for any default for six months starting March 25, ......
Manufacturing
US hedge fund gets court approval to buy bankrupt Amtek Auto
US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd...
Infrastructure
Jet Airways lenders extend bid deadline once again
Lenders to Jet Airways (India) Ltd have yet again extended the deadline to bid for the bankrupt carrier. The airline’s...
Manufacturing
Haldia Petrochemicals, Rhone Capital jointly acquire US-based Lummus for $2.7 bn
Haldia Petrochemicals Ltd, majority owned by The Chatterjee Group (TCG), together with global private equity firm Rhone Capital,...
Manufacturing
Adanis strike second deal for bankrupt firm amid allegations over impropriety
The real estate arm of billionaire Gautam Adani-led Adani Enterprises Ltd is set to acquire a distressed textile company, two...
Infrastructure
Jet Airways shortlists four potential suitors for sale
The resolution professional of bankrupt Jet Airways Ltd has shortlisted four potential bidders who may submit a bid proposal to...
Markets
SEBI eases fundraising, open offer norms for distressed companies
The Securities and Exchange Board of India (SEBI) has relaxed fundraising norms for distressed companies to help them tide over...
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 at current exchange rate) from...
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