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Jet Airways plunges 20% on report bidders not keen to follow up

Infrastructure

02 May, 2019

Jet Airways plunges 20% on report bidders not keen to follow up

Shares of Jet Airways Ltd tumbled over 20 percent to a decade low on Thursday after a media report said ......

NBCC gets govt backing for revised offer to take over Jaypee Infratech

Infrastructure

01 May, 2019

NBCC gets govt backing for revised offer to take over Jaypee Infratech

State-owned NBCC (India) Ltd said on Wednesday it has received the government's approval for its revised offer to take over...

Ruchi Soya lenders approve Patanjali Ayurved's revised takeover offer

Manufacturing

01 May, 2019

Ruchi Soya lenders approve Patanjali Ayurved's revised takeover offer

Lenders to Ruchi Soya Industries Ltd have approved a revised offer by Patanjali Ayurved Ltd, the consumer goods company backed...

ABG Shipyard heads to junkyard as NCLT orders liquidation

Manufacturing

01 May, 2019

ABG Shipyard heads to junkyard as NCLT orders liquidation

A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder ......

RCom opts to resume insolvency process, withdraws plea against NCLT order

Finance

30 April, 2019

RCom opts to resume insolvency process, withdraws plea against NCLT order

Anil Ambani-led Reliance Communications Ltd (RCom) on Tuesday withdrew its petition challenging an order of the National Company...

IL&FS arm starts process to sell road project in China

Infrastructure

26 April, 2019

IL&FS arm starts process to sell road project in China

A step-down unit of Infrastructure Leasing & Financial Services Ltd (IL&FS) has started a process to sell its 49% stake...

Stressed assets this week: Essar Steel case drags on; Jet may fly to NCLT

General

26 April, 2019

Stressed assets this week: Essar Steel case drags on; Jet may fly to NCLT

Developments in the stressed assets’ space have picked up pace, with large assets seeing changes at various levels, according...

Essar Steel lenders dig in their heels against StanChart, operational creditors

Manufacturing

26 April, 2019

Essar Steel lenders dig in their heels against StanChart, operational creditors

Essar Steel India Ltd’s Committee of Creditors (CoC) is sticking to its stand on how to distribute the capital ArcelorMittal...

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

Manufacturing

24 April, 2019

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

A consortium of US-based distressed assets investor CarVal Investors and Asset Reconstruction Company of India Ltd (Arcil) has...

SEBI asks Hotel Leelaventure to keep Brookfield deal on hold

Consumer

24 April, 2019

SEBI asks Hotel Leelaventure to keep Brookfield deal on hold

The Securities and Exchange Board of India has asked Hotel Leelaventure Ltd to not act upon its deal with Canadian ......

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