PE funds say they have enough money to buy two or three of the indebted companies and the issue is not cash but the management bandwidth to turn them around.
JSW Steel is learnt to have submitted its resolution plan along with AION Capital
The recent amendments to the IBC practically barred promoters from re-acquiring their own assets, leaving only a small window to convert their non- performing assets into standard assets by paying the overdues.
It's seen as a signal that he wants to engage with India Inc at a time when the economy has started looking up.
Whether it's about colonising Mars or donning Net-connected apparel, 2022 is a year everyone seems to be planning for, says Nivedita Mookerji.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
Prime Minister Narendra Modi will inaugurate the Global Entrepreneurship Summit and launch Hyderabad Metro Rail next week.
They are looking for white-collar jobs, and in industries that are in the forefront of growth.
It all started from Mumbai. Now, Khan's fan base has spread from the US, UK and West Asia to Malaysia, Indonesia, Japan, Germany, Egypt, Jordan, Morocco, Kuwait and Palestine. Of the top 10 Bollywood movies that earned the most overseas, seven had Khan in them.
Coke draws up Rs 11k-cr plan to sell frozen fruits, juices. Firm also considering launching frozen Fanta and Coke.
Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.
Just an hour or so from the ones we commonly throng to, they promise a lot more for a lot less.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
Can the Bajaj-Triumph tie up overtake the beloved Royal Enfield?
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
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