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ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up

Manufacturing

10 September, 2018

ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up

Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and Vedanta ......

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

General

13 July, 2018

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

Indian banks are grappling with nearly $150 billion in bad loans and the National Company Law Tribunal (NCLT) has admitted ......

Numetal pitches for latest bids for Essar Steel; Unitech land may be auctioned

General

15 May, 2018

Numetal pitches for latest bids for Essar Steel; Unitech land may be auctioned

Numetal Mauritius has moved the National Company Law Appellate Tribunal (NCLAT) to consider the second round of bids for debt-laden ......

Alphabet may pick minority stake in Flipkart; Numetal ups bid for Essar Steel

General

27 April, 2018

Alphabet may pick minority stake in Flipkart; Numetal ups bid for Essar Steel

Google’s parent Alphabet Inc. may invest $1-2 billion (Rs 6,672-13,345 crore) in homegrown e-commerce major Flipkart to pick up a ......

Numetal, ArcelorMittal back in the game for Essar Steel

Manufacturing

20 April, 2018

Numetal, ArcelorMittal back in the game for Essar Steel

In a fresh twist to the insolvency proceedings of Essar Steel Ltd, the lenders to the beleaguered steelmaker will again ......

Blackstone may have acquired Comstar; Ebix eyes Centrum Direct

General

02 April, 2018

Blackstone may have acquired Comstar; Ebix eyes Centrum Direct

Private equity major Blackstone Group Lp has acquired Chennai-based auto component maker Comstar Automotive Technologies Pvt. Ltd for about Rs ......

KKR, Carlyle eye Pepe Jeans India; Essar Steel lenders to decide on fresh bidders

General

23 March, 2018

KKR, Carlyle eye Pepe Jeans India; Essar Steel lenders to decide on fresh bidders

Private equity firms KKR, Carlyle, General Atlantic and Malaysia’s sovereign wealth fund Khazanah Nasional Berhad have submitted nonbinding bids to ......

Farmers' woes to PNB fraud: It's a long march for BJP to meet its promises

General

12 March, 2018

Farmers' woes to PNB fraud: It's a long march for BJP to meet its promises

Two years ago, as part of the 2016-17 budget announcements, Prime Minister Narendra Modi vowed to double farmers' income by ......

PremjiInvest-Prudential bids for Star Health; ArcelorMittal-Nippon eye Essar Steel

General

06 March, 2018

PremjiInvest-Prudential bids for Star Health; ArcelorMittal-Nippon eye Essar Steel

PremjiInvest, the family investment arm of Wipro Ltd chairman Azim Premji, has joined hands with US-based financial services company Prudential ......

Apax leads race for Healthium; ex-Bain principal launches PE firm focused on tech

General

05 March, 2018

Apax leads race for Healthium; ex-Bain principal launches PE firm focused on tech

Global private equity firm Apax Partners LLP is running ahead of PE player Carlyle Group LP in a race to ......