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Bad loan resolution: Is crony capitalism at play?

One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal......

How Piramal managed to outbid Oaktree, Adani for DHFL

When the third round of bids was opened, Oaktree’s offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with......

DHFL resolution: Lenders back Piramal's bid

Piramal Enterprises' bid for debt-ridden DHFL received the most votes from lenders at the close of the voting process on Friday, sources said. Piramal Enterprises' bid received 94 per cent votes......

Piramal Group claims its bid for DHFL highest and compliant

Piramal Enterprises on Friday claimed that its bid for resolution of debt-ridden mortgage lender DHFL is highest and fully compliant with regulatory norms. Since the conclusion of the fifth and......

Why the bid war for DHFL may well end up being a curse for the winner

While the lender has Rs 17,000 crore of retail assets and land parcels in Juhu, Borivali, Worli, and Chembur in Mumbai, there may be a disconnect between the quality of DHFL’s books and the......

Mandira Bedi flags off I-Day parade in New Jersey

Independence Day came early for those living in the American city of New Jersey, as Mandira Bedi flagged off the India Day Parade on Saturday at Oaktree Road,...

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