stressed assets
Finance
Govt to unveil fiscal package to help economy face coronavirus: Sitharaman
India’s government will soon announce a fiscal package to help the economy face the impact of the coronavirus, Finance Minister...
Infrastructure
Ansal Properties asks appeals tribunal to reverse insolvency proceedings verdict
Ansal Properties and Infrastructure Ltd has said it has challenged the initiation of insolvency proceedings in an appeals tribunal. The...
Infrastructure
As airlines battle virus turmoil, Jet Airways gets time till June to find buyer
A bankruptcy court has extended the time to find a buyer for Jet Airways (India) Ltd even as the coronavirus ......
Finance
Govt, RBI mull relaxing bad loan rules for sectors hit by coronavirus
India’s government and central bank are considering giving relief to banks, aviation and other hospitality sectors hit by...
Manufacturing
Madhusudan dairy group unit snaps up steel plant from bankrupt firm
A company that’s part of the group best known for its Madhusudan brand of dairy products has acquired a steel ......
Finance
Banks to seek relief from RBI on bad loans amid coronavirus concerns
The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India’s lenders, and the industry body...
Manufacturing
Fraud-hit CG Power hires Arpwood Capital to raise equity funding
CG Power & Industrial Solutions Ltd, a distressed company backed by private equity firm KKR, has appointed Arpwood Capital...
Manufacturing
ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy
Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion...
Finance
Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in
The Union Cabinet has approved a reconstruction plan for Yes Bank, finance minister Nirmala Sitharaman said on Friday...
Infrastructure
Jet Airways lenders seek two more months for insolvency resolution
With investors not showing up amid global coronavirus outbreak, lenders to Jet Airways will seek another extension of around two...
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