At least three players including Monnet Ispat and the London-based Metdist Group have evinced interest in acquiring a majority stake in the state owned Manganese Ore India, initial bids for which closed on Monday.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
These together account for 40 per cent of bad loans of around Rs 4 trillion.
The Union Power Ministry has selected Rashtriya Ispat Nigam Limited (Visakhapatnam Steel Plant) for the National Energy Conservation Award 2002, first prize in the integrated steel plants sector.\n\n\n\n
Zeev Leshem, Chief Operating Officer, Fortune online lottery, says the Indian online lottery market is big enough to accommodate at least five operators.\n\n\n\n
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
State Election Commission has found nine articles in local newspapers as "paid news" during Chhattisgarh assembly polls and directed that expenses incurred in publishing them be added to poll expenditure of parties and candidates concerned.
The IPO of state-owned steel maker RINL is scheduled to hit the markets in the current fiscal, and the Cabinet has already accorded its approval for the stake sale.
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
The total admitted claim of financial creditors of these 88 companies stood at Rs 1.3 trillion, of which they recovered Rs 65,635 crore.
In a scathing letter to Prime Minister Manmohan Singh, Bharatiya Janata Party's senior leader Arun Jaitley has made a number of allegations against Himachal Pradesh Chief Minister Virbhadra Singh.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
The Central Bureau of Investigation will be filing a fresh case in connection with alleged irregularities in connection with allocation of coal blocks by the end of this month in which it may name a corporate and certain former officials of the Union coal ministry.
The Supreme Court order has created a new legal framework for coal mining by ruling that only the Union government and its entities can do it.
Former coal secretary H C Gupta and six others were on Tuesday granted bail by a special court New Delhi in connection with a case related to alleged irregularities in the allocation of a Chhattisgarh-based coal block to SKS Ispat and Power Ltd. All the seven accused persons were granted the bail on a personal bond of Rs 1 lakh and one surety of a like amount.
Mudar Patherya lists companies whose shares can bring on Xmas cheer for investors.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
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.
The move will help increase participation of retail investors, providing momentum to the primary market.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
SC judges suspected a lack of objective criteria in the selection.
In the domestic market, the Tata Group has lost ground in the passenger car business.
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RPG Industries, Hindalco, SAIL, Jindal Steel, Monnet Ispat, GVK Power and Jaiprakash Associates among companies summoned for review.
The Central Bureau of Investigation is likely to file its status report in the coal scam before the Supreme Court on Tuesday stating details of its 14th FIR against Hindalco and others and also progress in the remaining 13 cases.
These include Great Eastern Energy Corporation and Shemaroo Entertainment.
The department of revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on the import of wire road of alloy or non-alloy steel from China.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
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