Bankers of HPL too have endorsed the idea and are pitching hard for the chairmanship of Chatterjee.
ICA is the world's leading institution for resolving international commercial and business disputes.
A 7-yr legal tussle over Haldia Petrochemicals looked close to being resolved. But when Mamata Banerjee upped the ante, it was back to square one for investor Purnendu Chatterjee.
TCG-led consortium will be required to pay more than $5.16 bn for Basell.
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
After the Trinamool's overwhelming majority in the West Bengal assembly elections last year, the SSC scam has given fresh ammunition to the Bharatiya Janata Party and the Communist Party of India-Marxist. Ishita Ayan Dutt reports.
RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
Trinamool Congress supremo Mamata Banerjee on Saturday elevated her nephew and MP Abhishek Banerjee as the party's all-India general secretary, the second-most important post in the organisation, a senior leader in Kolkata said.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
Announcing the name of candidates for the West Bengal assembly polls, Chief Minister Mamata Banerjee on Friday said she will be contesting from the Nandigram constituency as announced earlier.
Mamata Banerjee was on Friday sworn in as the chief minister of West Bengal for the second consecutive time, heading a 42-member ministry.
The phase is crucial as it will decide the fate of several ministers -- Finance Minister Amit Mitra, Agriculture Minister Purnendu Basu, Law Minister Chandrima Bhattacharya, Tourism Minister Bratya Basu, Food and Supplies Minister Jyotipriyo Mullick and Agriculture Marketing Minister Aroop Roy.
Getting the first tyres out from the Sahaganj plant will still require a lot of effort, but with the state government on its side, the hopes are high.