IDBI BANK BUYOUT
NCLAT defers hearing on JSW Steel's Bhushan Power buyout till Jan 31
The ED has said a recent amendment in IBC would not apply to the JSW Steel-BPSL deal as it was approved last year, before the amendment came into force. Moreover, it has also hinted that promoters of JSW and BPSL are related parties as they had a joint venture for a coal block.
CBI registers case against Delhi based firm, Radikal Foods
The FIR says that an alleged loss of Rs. 819.48 crore(approx) as on April 1, 2018 ...
Thapar Group’s BILT in bankruptcy court
IDBI Bank has the largest exposure to the company with Rs 400 crore of loans outstanding.
Sterlite Technologies to continue to look for buyout targets
Anupam Jindal, chief financial officer at Sterlite Technologies, said the company would continue to look at inorganic growth opportunities that allow it to expand its customer offerings or give it access to new customers.
Suresh Kishinchand Khatanhar takes charge as deputy MD of IDBI Bank
Suresh Kishinchand Khatanhar has exposure in retail banking business, priority sector lending, corporate banking (mid corporate and large corporate), service oriented functions such as trade finance and cross selling of various treasury products.
IRDAI chief cautions insurers against predatory pricing
"I would like to give a word of caution here. Though your (insurance brokers) share is very high in group health insurance, the loss ratio in group health insurance is also very high. Probably, it is not very sustainable at present," he said at an event organised by Insurance Brokers Association of India.
Release funds for interim finance, NCLT tells Jet Airways’ lenders
The National Company Law Tribunal (NCLT) also directed Indian Overseas Bank, which filed applications at the tribunal for exemption from payment as they are under Prompt Corrective Action (PCA) restriction to approach the government authorities concerned in this regard.
Share market update: BSE Midcap index down; RInfra slips 5%
The S&P BSE MidCap index was trading 0.23 per cent down at 14827.63.
APSEZ has sufficient financial headroom to absorb proposed buyout in Krishnapatnam Port: S&P
Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said
IDBI Bank likely to be out of PCA framework in fourth quarter
With money coming from resolution on Essar Steel and expected flow from resolution of Bhushan Power and Steel and Alok Industries, sources said the bank is likely to be posting profit during the third quarter and the subsequent quarter. The bank has already come below net NPA threshold of 6% one of the three parameters for triggering PCA framework.
Stocks in news: Can Fin Homes, IDBI Bank and NMDC
Here are the top stocks that are likely to be in focus in today's trading.Stocks in news: Can Fin Homes, IDBI Bank and NMDC
Government unlikely to announce capital infusion for PSU banks in Budget
Banks may look for divesting their non-core business as part of fund raising exercise during 2020-21.
Stocks in the news: YES Bank, Reliance Infra, IDBI Bank, DHFL and KEC International
KEC International said it has bagged orders worth Rs 1,520 crore across various business verticals.
IDBI Bank rises 10% amid talks of selling stake in Arcil
IDBI Bank CFO Ajay Sharma said it has not initiated discussions with prospective buyers.
IDBI Bank in talks with Avenue Capital to sell stake in asset aggregator Arcil
Avenue will become the largest stakeholder if the sale gets RBI nod.
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