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.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
Launched this April, the FCG business will end the year with a turnover of Rs 500 crore
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
As the BJP snaps at its heels, can the Communists stay relevant in the electoral game?
'Last year, someone told us you must remove 's' otherwise you won't perform well and we didn't perform well.' 'Obviously, that's not the reason for not performing well, but it didn't hurt us to remove the 's'.'
The BJP doesn't want to focus entirely on an anti-Mamata campaign.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
With 13 properties on board, The LaLit is now keen to take its hospitality school -- The Lalit Suri Hospitality School -- in Faridabad, Haryana, to the next level.
Any erosion in the TMC, may benefit the BJP, reports Ishita Ayan Dutt.
Aided by the new initiatives of the government, there has been a huge drop in imports
'This is purely a brand sale. It includes the Ambassador with its variants. Peugeot is likely to relaunch the brand with multiple variants.'
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
The idea is to create a start-up-like activity with a small business unit.
Political observers say Banerjee is fast emerging as the face of the Opposition and would be a force to reckon with in the next general elections in 2019.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
Reports from Ludhiana, Coimbatore, Moradabad, Tirupur, Indore, Surat, Delhi, Mumbai, Kolkata, Chennai and Hyderabad, suggest the impact of demonetisation is worsening.
Tatas plan to revive, not sell the Port Talbot steel plant. The investment could be as much as $500 million.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
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