Bhushan Power & Steel Ltd
Manufacturing
JSW Steel gets immunity for Bhushan Power acquisition
The National Company Law Appellate Tribunal (NCLAT) has given JSW Steel Ltd immunity from all criminal investigations for its takeover ......
Manufacturing
Enforcement Directorate links over $500 mn Bhushan Power assets to fraud probe
India’s financial fraud agency said on Saturday assets worth 40.25 billion rupees ($567.60 million) of Bhushan Power & Steel Limited ......
Investor Bulletin
Podcast: JSW bags another stressed asset; foreign investors may get policy push
Two years after the Reserve Bank of India asked banks to start bankruptcy proceedings against Bhushan Power & Steel Ltd, ......
Manufacturing
NCLT approves JSW's $2.7-bn bid for Bhushan Power & Steel
The National Company Law Tribunal (NCLT) has approved billionaire Sajjan Jindal-led JSW Steel Ltd’s offer of Rs 19,700 crore ($2.7 ......
Finance
Allahabad Bank reports SEL Manufacturing's $100 mn fraud
Allahabad Bank Ltd on Wednesday reported a 6.89 billion rupees ($100.1 million) fraud related to textile company SEL Manufacturing Ltd ......
Finance
Punjab & Sind Bank reports fraud in Bhushan Power account
India’s Punjab & Sind Bank (PSB) said on Wednesday it has reported a 2.38 billion rupee ($34.58 million) fraud to ......
Finance
Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel
India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......
Markets
Sensex drops 2% as budget gets thumbs down from investors
Indian shares slumped 2% on Monday, their biggest fall so far this year, as investors were disappointed after the federal ......
Finance
Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 ......
General
Stressed assets this week: Amtek Auto starts afresh, Orchid Pharma faces a twist
On June 14, 2017, the Reserve Bank of India asked banks to take the 12 biggest debt defaulters to bankruptcy ......
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