Bhushan Power and Steel
Manufacturing
JSW Steel yanks Bhushan Power out of long-drawn bankruptcy
After over three years of bankruptcy, Bhushan Power and Steel has been bought by JSW Steel for $2.7 billion (Rs ......
Infrastructure
Lenders clear JSW Steel bid for bankrupt Bhushan Power
After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with lenders okaying JSW Steel’s ......
Finance
PNB expects recoveries worth $1 bn in three months' time
State-owned Punjab National Bank (PNB) is expecting recoveries worth Rs 8,000 crore ($1.05 billion at current exchange rate) from large ......
Manufacturing
JSW Steel inches closer to acquiring another bankrupt firm
Billionaire Sajjan Jindal-led JSW Steel Ltd has moved one step closer to becoming the largest steelmaker in the country as ......
Finance
Running out of patience, more banks are putting bad loans on the block
Lenders including India’s largest bank are opting to sell their loan exposures to companies facing insolvency even as the country’s ......
Finance
SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms
The Supreme Court on Friday upheld the two-year-old Insolvency and Bankruptcy Code (IBC) in its entirety, thereby continuing to bar ......
General
Amazon eyes Future Retail stake; Bhushan Power lenders choose JSW's revised bid
US-based e-commerce giant Amazon is set to buy a stake of just under 10% in Kishore Biyani-led Future Retail Ltd, ......
General
AGS Transact may buy back TPG, Actis stake; Tatas, JSW bid for Bhushan Power
The promoters of Mumbai-based payment solutions provider AGS Transact Technologies Ltd’s will buy back a 42% stake held by private ......
General
Sequoia aims at $1 bn fund; ArcelorMittal out of race for PE-backed Bhushan Power
Venture capital and growth stage investment firm Sequoia Capital is looking to raise $1 billion for its sixth India-focused fund, ......
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