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Shares of Reliance Communications (RCom) on Thursday bounced back sharply, skyrocketing nearly 57 per cent amid reports of settlement talks with Ericsson. (Photo: PTI)

RCom shares stage strong comeback on settlement buzz with Ericsson

The stock soared 56.87 per cent to end at Rs 16.55 on BSE.

17 May 2018 6:54 PM

At NSE, shares of the company dived 20.56 per cent to Rs 9.85. (Photo: File)

RCom shares dive 20.5 per cent on NCLT move

Weakness was also seen in other group stocks, with Reliance Naval and Engineering trading lower by 6.23 per cent.

16 May 2018 1:28 PM

RCom shares closed down 8.2 per cent on Tuesday in a broader Mumbai market that ended largely unchanged.

NCLT allows Ericsson's insolvency plea against RCom

RCom plans to reduce its debt by selling assets such as airwaves, mobile masts and fibre optic investments.

16 May 2018 8:21 AM

Tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.

NCLT approves Tata Steel bid for Bhushan Steel

CoC had approved Rs 32,500 crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel.

15 May 2018 12:07 PM

Metals and mining giant Vedanta Ltd on Monday said it has got the go-ahead from fair trade watchdog CCI to acquire the bankrupt Electrosteel Steels Ltd.

CCI approves acquisition of Electrosteel Steels by Vedanta

The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels.

14 May 2018 6:40 PM

JSW Steel Limited and AION Investments Private II Limited had submitted a bid for MIEL under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016.

CCI approves JSW-led consortium bid to acquire Monnet Ispat

JSW Steel is a part of the diversified USD 12 billion JSW Group, which has presence in steel, energy, infrastructure, cement.

12 May 2018 1:14 PM

The Dalmia Bharat Group expressed surprise over the NCLT Kolkata bench order to Committee of Creditors (CoC) of Binani Cement on Wednesday to consider the revised bid of Ultra Tech Cement and hinted at contesting it at a higher forum.

Binani war to drag further, Dalmia may contest NCLT order

The NCLT bench order said the UltraTech offer was Rs 1021.70 crore higher than of RPPL offer.

02 May 2018 7:38 PM

Tata Power said on Friday that it has inked the implementation agreement with Tata Advanced Systems Ltd.

Tata Power signs pact to sell defence business to Tata Advanced Systems

Tata Power had announced last month that its board has given nod for sale of its defence business to the TASL for Rs 2,230 crore.

27 Apr 2018 4:11 PM

Patanjali denies placing Rs 9,000 cr bid for Ruchi Soya Industries

According to reports, Ruchi Soya's debt stood at about Rs 12,000 crore as of December 31.

27 Apr 2018 9:16 AM

Debt-ridden Videocon Group on Wednesday approached the principal bench of NCLT requesting it to direct all insolvency case.

Videocon approaches NCLT to list all insolvency cases together

The step-down subsidiaries include Videocon Telecom, Electro World and Millennium Appliances.

25 Apr 2018 12:51 PM

Vedanta's acquisition of Electrosteel credit positive: Moody's

The move would augment the former's business profile and revenue generation.

23 Apr 2018 7:18 PM

Under the framework, bankers will have to implement a resolution plan to revive a defaulting company within 180 days.

Infra lending may take a back seat as RBI refuses to budge on new NPA rules

Banks requested the RBI to make the required majority to 75 per cent for any such plan.

23 Apr 2018 2:00 PM

Liberty House had moved the NCLT on February 26 against the rejection. (Representational Image)

NCLT asks Bhushan Steel CoC to consider Liberty House bid

NCLT has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23.

23 Apr 2018 12:24 PM

Ahmedabad bench of the NCLTon Thursday declared invitation of the second round of bids for Essar Steel.

NCLT declares rebid for Essar Steel invalid

Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now.

20 Apr 2018 9:31 AM

According to sources, the resolution plan involved close to Rs 5,300 crore cash payout and a haircut of 60 per cent of the total banks’ debt.

Vedanta gets NCLT nod for Electrosteel takeover

The 270-day resolution deadline stipulated by IBC ended Tuesday.

18 Apr 2018 8:27 AM

Finance ministry is also suggesting that 75 per cent of bankers agreeing to a resolution — at present it is 100 per cent.

NPA resolution may get 180 days more

Poor valuations, over-burdened NCLT may prod govt to relax time limit.

17 Apr 2018 8:41 AM

Secretary of Department of Financial Services Rajiv Kumar. (Photo: Twitter)

Govt cleaning up banking sector, says DFS secretary

Banks have also raised more than Rs 10,000 crore so far and will raise more in the coming months from the market.

11 Apr 2018 9:13 AM

Company is likely to see an impact on profitability at the net income level in the range of 65-75 basis points of the consolidated revenues for the quarter ended March 31, 2018.

Wipro says Q4 profit may be impacted by telcom client's insolvency proceedings

Wipro had signed a multi-year outsourcing services agreement with a telecom services provider in India in 2008.

10 Apr 2018 10:15 AM

Binani Cement OCs reject Dalmia's offer to pay Rs 151-cr dues

The ongoing Binani Cement insolvency case has taken a new twist.

06 Apr 2018 6:38 PM

ICICI Bank's board, however, has reposed full faith in Kochhar.

ICICI Bank's board to meet today

ICICI Bank pointed out that the board meeting is routine in nature.

02 Apr 2018 12:51 PM

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Farrukh Dhondy