JMB trying to spread tentacles across India: NIA
Speaking at the NIA’s National Conference of Chiefs of Anti-Terrorism Squad / Special Task F...
After Uttam Galva, UK’s Nithia Capital keen to bid for Visa Steel
Recently, Bank of Baroda put its exposure of Rs 150 crore to the asset on t...
IAN invests Rs 2.5 crore in PR solutions startup Wizikey
Company to use the proceeds from the funding round to further develop its product su...
TiE Global Summit 4.0 to emphasise on global outreach for startups
TiE has been a leading organisation in fostering the entrepreneurial ecosystem around the world. In a span of nearly two decades, TiE has created a massive network of startups, investors, mentors, academia and brought together all stakeholders to bolster global entrepreneurship.
CBI to miss deadline in Rakesh Asthana case as it seeks info from UAE
CBI sources, requesting anonymity, confirmed that a letter rogatory (a judicial request seeking information from a country) has been sent to the UAE as the alleged crime originated in Dubai.
ArcelorMittal gets time to pay up dues
SC's judgement will be critical for ArcelorMittal to continue as an eligible bidder for Essar Steel.
Essar Steel lenders back ArcelorMittal, file plan with NCLT
The National Company Law Tribunal likely to hear matter after Diwali while Ruias weigh caveat option.
Central Bank of India puts bad loans on block
Bank to sell Rs 3,325 crore bad loan accounts, including Essar Steel and Bhushan Power and Steel, to keep provisions low.
After steel, ArcelorMittal eyes Ruias’ EPC business
ArcelorMittal has opened another flank and expressed interest in acquiring the group’s EPC Constructions India.
Promoters offered to pay Rs 54,389 crore: NCLT dismisses Ruias' proposal to settle Essar debt
The Essar group hinted at challenging the verdict, citing the last week's Supreme Court order on IBC.
ArcelorMittal may return as Uttam Galva promoter
Sources said since ArcelorMittal has already exited Uttam Galva in the wake of its Essar Steel bid, the LN Mittal company has no formal shareholding left in Uttam Galva.
Non-steel repayments may soften bankers on Essar bid
ICICI Bank, Axis Bank, and Standard Chartered Bank, which had lent to Essar Global to fund expansion of the group’s businesses, have now been repaid their “entire facility” of Rs 31,500 crore by the latest payments.
IBC an imbalanced economic provision: Sanjay Singal
IBC is an “imbalanced provision” that has become a takeover or liquidation code, Sanjay Singal said.
When funders turn founders
Armed with the experience of handing out advice and cash, some venture capitalists are setting up their own businesses. Many learn that entrepreneurship may be exciting but it’s far from easy
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