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

NCLT admits Videocon case; Dhoot says banks to recover 80 pc debt

Company in April had approached NCLT requesting it to direct all insolvency cases filed by its lenders to be heard...

7 Jun 2018 9:00 AM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Electrosteel allots shares worth Rs 7,400 crore to lenders

The company had yesterday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd.

6 Jun 2018 1:50 PM IST

NCLAT to hear Mistry plea tomorrow against NCLT order

Mistry, who was the sixth chairman of Tata Sons, was ousted from the position in October 2016.

7 Aug 2018 5:36 PM IST

Shiv Sena and MNS have always stressed on the of use Marathi as a official language in all central government offices, nationalised banks, railways, airport, etc.

Banks set to come out of PCA framework this year

As many as 11 out of 21 banks are under the watch list of the Reserve Bank of India (RBI).

17 Aug 2018 8:54 AM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Bankers burning midnight oil to resolve Rs 3.8 tn NPAs before deadline

The circular came into effect on March 1 and the 180-day deadline concludes on August 27.

26 Aug 2018 1:42 PM IST

Adani Group on Wednesday announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).

Ruchi Soya up 5 pc as lenders approve Adani Wilmar's Rs 6,000-cr bid

Adani Wilmar's bid was approved by the committee of creditors (CoC) with about 96 per cent votes in its favour.

24 Aug 2018 12:27 PM IST

State-owned power equipment maker BHEL said today that it has bagged an order for Rs 4,400 crore to set up a 660 MW supercritical thermal power plant in Uttar Pradesh.

Banks draw list of 11 power projects for NPA resolution

Total exposure in these firms that will soon go to NCLT is Rs 60,000 crore.

7 Sept 2018 8:57 AM IST

Promoters of Fortis Healthcare, Malvinder Singh and Shivinder Singh. (Photo credit: fortishealthcare.com)

NCLT issues notices to Malvinder; directs status quo over RHC Holdings

The tribunal also directed Malvinder Singh and other respondents to file their replies within 10 days.

6 Sept 2018 2:27 PM IST

Promoters of Fortis Healthcare, Malvinder Singh and Shivinder Singh. (Photo credit: fortishealthcare.com)

Another 'ugly chapter of family feud': Shivinder moves NCLT against...

Shivinder said actions of his brother led to a systemic undermining of the interests of firms.

5 Sept 2018 9:02 AM IST

Former promoters of Fortis Healthcare Ltd, Malvinder Singh and Shivinder Singh, are the persons responsible for the financial absurdity of the company. (Photo: ANI)

NCLT allows Shivinder to withdraw plea against elder brother Malvinder

A two-member bench of NCLT headed by its Chairman Justice M M Kumar on Friday allowed Shivinder to withdraw his plea.

14 Sept 2018 2:24 PM IST

Finance Minister Arun Jaitley will unveil the Union Budget 2018 on Thursday. (Photo: PTI)

NPAs rise, Jaitley to meet bank bosses to review scenario

26 banks together both private and public reporting gross NPAs of over Rs 7.31lakh crore.

12 Sept 2018 8:54 AM IST