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People in Delhi have too much preference for rating agencies, they are not that important: Chris Wood, Jefferies
Corporate tax cut is extremely positive but if you understood market psychology you would realise there was no need to cut the corporate taxes for this year. If the message had been sent loud and clear that the corporate tax cut was going to happen in the next fiscal year, that would have as positive an impact on the market.
Essar Steel: Mittals seek immunity from probes
Worries stem from BPSL case, where ED attached assets of the company after it was taken over by JSW Steel.
Lenders meet RBI, mull 4-month programme to resolve DHFL Case
Banks have proposed a four-month programme to resolve the Dewan Housing Finance (DHFL) case, the biggest bankruptcy case in the financial services sector after the Insolvency and Bankruptcy Code.
Essar Steel: Finally bankers expect money next month
On November 15, the apex court paved the way for ArcelorMittal to take over Essar Steel for Rs 42,000 crore, giving primacy to secured creditors in any bankruptcy resolution plan. The apex court over-ruled the appellate tribunal NCLAT which asked the banks to share the proceeds equally with the unsecured creditors as well.
Odisha Slurry lenders pick ArcelorMittal bid
Odisha Slurry owes financial creditors Rs 3,300 crore, of which Rs 2,350 crore is the principal amount.
Broader index expensive, but several subsets are attractive: Mark Matthews, Julius Baer
The good news is that India will reach a bottom in GDP growth this year at 5.5% for the full year.
ET Awards 2019: We’re willing to hear, react & intervene when necessary, says Sitharaman
The Union finance minister said the government is working with states to further rationalise Goods and Services Tax (GST) rates and will announce major infrastructure projects to provide an investment boost by the middle of December.
Essar Steel verdict: What's next for bankruptcy law?
India's insolvency resolution framework has truly arrived after a tortuous journey of three years. Banks will finally be able to keep out un...
LN Mittal’s son Aditya may head new Essar Steel board
ArcelorMittal is integrating Essar Steel into its fold, marking the global giant's first major foray here.
How Essar verdict can move rupee
Currency traders are turning bullish on the rupee, as they are going long (buying) on the local currency against the dollar.
Minimum 100 petrol pumps, 5% in remote areas: India's new liberalised fuel retail policy
The government had last month relaxed norms for setting up petrol pumps.
Essar, GSPC bag most of RIL-auctioned natural gas
Essar Steel and Gujarat State Petroleum Corporation have won two-thirds of the natural gas Reliance Industries offered in an auction. Essar Steel, which has been in news lately for its bankruptcy, is learnt to have won 2.25 mmscmd, while GSPC got 1.2 mmscmd. RIL-BP sold all the gas offered.
Essar Steel ruling: PSU bank shares rally
The Nifty PSU Bank gained 3.28% to 2457.35 – the biggest one day gain since October 31.
Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
Essar Steel picked up 2.25 million standard cubic meters per day or about half of the available volumes in the day long auction conducted on November 15. Gujarat State Petroleum Corp (GSPC) picked up 1.2 mmscmd while Adani Group, Mahanagar Gas Ltd and GAIL bought 0.3 mmscmd each, sources said. Hindustan Petroleum Corp Ltd (HPCL) bought 0.35 mmscmd.
Supreme Court clears Arcelor's takeover of Essar Steel
In a major judgement that will help facilitate the biggest takeover of bad debts in Indian corporate history, the court also said that the committee of creditors will have a final say in the resolution plans under the Insolvency and Bankruptcy Code. The NCLT and NCLAT cannot interfere with the commercial decisions taken by the CoC.
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