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MCA plea to reopen CG Power books likely
According to a person in the know, the MCA’s probe has indicated a suspicious diversion of more than Rs. 2,000 crore by certain erstwhile directors and key managerial executives.
IIT Delhi students receive 700+ job offers
The total number of job offers to IIT Delhi students stand over 750. The students selected are fro...
Piramal said to raise $153 million for four months from Barclays
Piramal Capital was downgraded to AA from AA+ by ICRA and Care Ratings in Ju...
Bharti Airtel plans share issue first, bonds later to raise funds for AGR
The primary aim of private placement before tapping global debt markets; firm also looking at taking advantage of negative rates in Europe. The company is in talks with at least half a dozen foreign banks including BNP, Citibank, HSBC, Standard Chartered, Bank of America and JP Morgan.
ET Awards 2019: Time to take some decisive steps, say industry captains
Union home minister Amit Shah along with finance minister Nirmala Sitharaman and minister for railways and commerce Piyush Goyal tried to calm the nerves, a day after government data showed that economic growth had slowed down to 4.5% for the July-September 2019 quarter, the slowest growth recorded in over six years, and had slipped below 5% for the first time.
Patanjali secures Rs 3,200 crore loan from banks to buy Ruchi Soya
"The company has already secured required total debt from a consortium of banks led by State Bank of India," Patanjali Ayurved Managing Director Acharya Balkrishna said in a statement. Patanjali also said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from Punjab National Bank, Rs 600 crore from Union Bank of India.
SBI refuses to fund Patanjali’s Ruchi Soya buyout on its own
As much as Rs 3,700 crore of the acquisition cost was supposed to have been funded by bank loans with Patanjali infusing Rs 600 crore from its own internal accruals. Bankers are also wary of funding the home-grown consumer goods company after rating downgrades by rating agencies Care and ICRA in October.
IL&FS Case: NCLT summons heads of Axis, StanChart India
Bawa had also allegedly transferred nearly Rs 1.14 crore from his account despite a court order restraining him and capping his withdrawals at Rs 2 lakh per month.
Global PE majors seek to sweep up Eureka Forbes
Discussions are currently on between the potential suitors & the Shapoorji Pallonji Group for a possible deal.
NCLAT extends deadline to December 16 for implementation of Patanjali's bid for Ruchi Soya
NCLT had admitted the insolvency plea filed by two lead financial creditors Standard Chartered Bank and DBS Bank. However, later the Singapore-based DBS Bank became dissenting creditor and approached NCLAT challenging the distribution of proceeds from the bid submitted by Baba Ramdev-led Patanjali Ayurveda.
IBC proceeds formula may be reworked to avoid squabbles, legal delays
Distribution of resolution booty has been a key factor behind extended litigation, delaying major cases.
Worst may be over for global economy amid signs of stabilization
As key economic indicators show signs of stabilization, this relative improvement could put an end to the fears of just a few weeks ago that the world economy was barreling toward recession.
Former Westpac, Standard Chartered veterans launch Offshore India Fund
It is a leveraged bond fund that will invest in bonds issued by Indian companies.
Lendingkart appoints Nagarajan S as chief risk officer
Earlier, Nagarajan was the country risk manager at Nissan Renault Financial Services India.
NBFCs bond with world, Muthoot Finance eyes $450 million
The firm reported 8% rise in its net profit at Rs 530 crore in the April-June quarter this year.
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