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ArcelorMittal is about to give India its biggest IBC success

ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore.

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Dec 14, 2019, 06.33 PM IST

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USD 14 bn loans to builders under severe stress, may result in default: Report

Banks have advanced loans of Rs 1,000 crore to real estate firms by banks, NBFCs and housing finance companies (HFCs) which are under severe financial stress and and facing issues of debt servicing, according to a report. HFCs accounted for the largest share of total realty loans equalling 38%, followed by banks at nearly 34% share while NBFCs

View: A three-point guide for India Inc to survive slow growth

India still offers better and more exciting scenarios for growth than almost a...

Salaries in India likely to rise by 9.2 pc in 2020; inflation-adjusted real-wage at 5 pc: Report

India's salary growth for 2020 stood at 9.2%...

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