"The DCHL promoters have proposed to clear the outstanding dues of around Rs 18 cr in four monthly instalments starting from Oct," a person close to the development said.
An induction into CDR would have helped the company reduce the interest rate on its loans and stretched the loan repayment period.
Potluri Vara Prasad of PVP Ventures, the maker of the bilingual Tamil and Telugu film Naan Ee, has bought bid documents to take part in an auction for the Hyderabad-based cricket team.
The Queensland state government hopes to raise additional $1.6 billion Australian dollars (Rs 7,202 crore) by hiking taxes on coal miners.
Infrastructure firm IVRCL has chalked out a multi-pronged strategy that includes a holiday from bidding for new road BOT projects to stay afloat.
The board of Deccan Chronicle met on Friday to approve a resolution applying for a debt recast package, the company said in a statement to the National Stock Exchange late on Saturday.
Firms owned by the family of Ramalinga Raju and IL&FS are challenging the proposed merger of the erstwhile Satyam Computer with Tech Mahindra.
A handful of Indian companies that had together invested over $10 billion in acquiring 14 coal mines abroad are now worried after coal prices have dropped 40% in two years to about $80 a tonne.
I have received a message from Delhi that the Congress-led UPA government at the Centre is in favour of carving out Telangana state, says KC Rao.
Indian cos that invested over $10 bn in acquiring 14 coal mines abroad are now worried after coal prices have dropped 40% in two years to about $80 a tonne.
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