stressed assets
Finance
RBI to begin bankruptcy proceedings against Dewan Housing Finance
The Reserve Bank of India on Wednesday said it will initiate bankruptcy proceedings against shadow lender Dewan Housing Finance...
Finance
State-run banks report frauds of over $13 bn in April-September
India’s state-run banks reported fraud worth 957.6 billion rupees ($13.34 billion) in the first six months of the fiscal...
General
Grapevine: EuroKids in talks to buy Kidzee; Indonesian billionaire eyes Videocon
Playschool chain EuroKids is in preliminary talks to acquire the Essel Group-operated Kidzee for between Rs 1,000-Rs 1,200 crore...
Finance
Govt tweaks bankruptcy rules to help non-bank lenders
India has amended its insolvency and bankruptcy rules to allow for greater flexibility in resolving problems at troubled non-banking...
Manufacturing
Supreme Court clears decks for ArcelorMittal to buy Essar Steel
The Supreme Court has cleared the decks for global steel giant ArcelorMittal SA’s Rs 42,000 crore ($5.85 billion) acquisition of ......
Finance
Dewan Housing lenders get temporary relief on $5.6 bn loans
An Indian court on Wednesday allowed banks to recover some dues from shadow lender Dewan Housing Finance Corporation Ltd, granting...
Consumer
IL&FS gets creditors' nod for sale of education business to Career Point Publications
Infrastructure Leasing & Financial Services (IL&FS) has got approval to sell its majority holding in Schoolnet India Ltd...
Finance
IL&FS gets one offer for back-office arm, seeks more bids
Infrastructure Leasing & Financial Services Ltd (IL&FS) has received one offer for its stake in a back-office services...
Consumer
Haldiram's big-ticket move to enter dairy business hits a hurdle
Haldiram Snacks Pvt. Ltd’s plan to acquire a dairy company has run into a roadblock after the insolvent firm’s lenders...
Finance
Banks' stressed assets pile eases aided by $30 bn in write-offs
Indian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to ......
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