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$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business

Vedanta acquires management control of Electrosteel Steels

Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel...

11 Jun 2018 2:29 PM IST

According to civic officials, the earlier system was to charge property tax on the entire building or housing society.

Home buyers to be treated as financial creditors, Prez okays IBC...

The ordinance would give home buyers due representation in Committee of Creditors and make them integral part of...

6 Jun 2018 6:38 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

NPAs hit Rs 13lakh-crore in 3years

One fifth of slippages in FY18 was due to RBI withdrawing restructuring schemes: Crisil

6 Jun 2018 2:55 AM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Not backing big firms on IBC: Piyush Goyal

The bill also aims at giving relief to homebuyers by recognising their status as financial creditors, thus giving them...

1 Aug 2018 1:41 AM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Banks to come out of PCA framework by this fiscal: Rajiv Kumar

Various measures taken by the government including implementation of Insolvency and Bankruptcy Code has yielded good...

16 Aug 2018 4:40 PM IST

Shamika Ravi, a senior fellow at Brookings India, would be appointed as part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM). (Photo: Twitter| Shamika Ravi)

Govt could have done much more in past 4 years: EAC-PM member

On the economic front, Modi's election, I think, was a mandate for development and economic reforms, she said.

3 Sept 2018 12:58 PM IST

Resolution professional of debt-ridden Videocon Industries on Tuesday invited bids from prospective buyers to take control of the firm, which has interest ranging from consumer electronics to oil and gas.

Bids invited for debt ridden Videocon under insolvency resolution...

State Bank of India had filed separate insolvency proceedings against Videocon.

25 Sept 2018 5:15 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Merger of 3 banks: Danger lies ahead

The merger will create India's third largest bank, with total business worth Rs 14.82 lakh crores.

20 Sept 2018 1:45 AM IST

Ajay Tyagi who is a 1984 batch IAS officer assumed office of Sebi chair on March 1, 2017. (Photo: PTI).

Bankruptcy code can help deepen bond markets: Sebi

Chief Ajay Tyagi adds bankruptcy reforms have had significant impact on developing corporate bonds in various countries.

19 Aug 2017 4:58 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI gets more power to deal with bad loans

Central bank can now initiate insolvency process.

6 May 2017 5:09 AM IST

Prime Minister Narendra Modi. (Photo: PTI)

Narendra Modi govt notifies new Banking Regulation Act

RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.

5 May 2017 5:53 PM IST

Deputy Governor S S Mundra

Firms free to move judiciary over RBI's insolvency directive: S S...

Essar Steel had moved high court seeking its direction to quash RBI's direction to banks to initiate insolvency...

26 July 2017 5:18 PM IST