stressed assets
Manufacturing
JSW Steel's purchase of Bhushan Power suspended, pending probe into ex-owners
In a setback for JSW Steel, a bankruptcy appeals tribunal has held back its payment of Rs 19,700 crore to ......
Manufacturing
Enforcement Directorate links over $500 mn Bhushan Power assets to fraud probe
India’s financial fraud agency said on Saturday assets worth 40.25 billion rupees ($567.60 million) of Bhushan Power &...
Infrastructure
Indian real estate slump leaves beleaguered banks exposed
India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the ......
Finance
SC Lowy's India biz head on what's driving, and hampering, stressed assets deals
Hong Kong-based financial group SC Lowy is stepping up its distressed assets game in India by betting on non-banking financial ......
Finance
Podcast: DHFL dangles equity conversion before lenders; Altico gets PE attention
Two non-banking financial companies -- Dewan Housing Finance Corporation Ltd (DHFL) and Altico Capital – are busy working...
Finance
Smaller ARCs chase bulk deals to step up bad-loan purchases
Smaller asset reconstruction companies (ARCs) are stepping up their bad-loan purchases as they consider buying in bulk a pool...
Finance
India Inc's debt downgrades jump to highest since FY16
Corporate India’s credit profile has worsened during the six months through September as the value of debt downgraded by...
Finance
Dewan Housing proposes converting debt to equity under draft resolution plan
India’s crisis-hit shadow bank Dewan Housing Finance Ltd (DHFL) has submitted a draft resolution plan proposing to convert...
Infrastructure
Mumbai developer Lokhandwala goes bust, felling skyscraper plans with Shapoorji
Lokhandwala Infrastructure Pvt. Ltd is the latest to go bust, its bankruptcy spoiling plans to complete the 90-floor iconic Minerva...
Finance
Omkara Assets Reconstruction gears up for a second round of equity capital
One year after its first round of equity capital infusion, Omkara Asset Reconstruction Pvt. Ltd is looking to go for ......
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