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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's acquisition of Electrosteel credit positive: Moody's

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

23 April 2018 7:18 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Business

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

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

23 April 2018 2:00 PM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

Business

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 April 2018 12:24 PM IST

Business

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 April 2018 9:31 AM IST

Business

Vedanta gets NCLT nod for Electrosteel takeover

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

18 April 2018 8:27 AM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

Business

NPA resolution may get 180 days more

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

17 April 2018 8:41 AM IST

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

Business

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 April 2018 9:13 AM IST

Business

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

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

10 April 2018 10:15 AM IST

$The ongoing Binani Cement insolvency case has taken a new twist with the operational creditors (OCs) of the debt-ridden firm terming the Dalmia Bharat offer for their outstanding dues as \pittance\ and rejecting it outright, vowing to fight \tooth-and-nail\.$ Business