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RPG Cables to rope in strategic investor22-OCT-09
RP Goenka-promoted RPG Cables, one of the largest power cable manufacturers in the country, is planning to bring in a new strategic investor as part of a plan to raise about Rs 200 crore to clean up debts and for erecting a new facility in Gujarat.
Tata Steel makes Rs 25-cr deposit for Incab30-JUL-09
Tata Steel today said it has deposited Rs 25 crore for reviving ailing cable manufacturer, Incab, following directions from the Board for Industrial and Financial Reconstruction (BIFR). The company is learnt to have submitted a Rs 100-crore revival plan for the cable manufacturer, awaiting clearance from BIFR, two persons close to the development had said.
NTC rapped for selling surplus land at cheaper rates29-JUL-09
The NTC indictment is part of a CAG report that sees a gap of about Rs 6,200 crore in the accounts of eight government-owned companies.
M J Antony: Waiting for judgements01-JUL-09
If the courts do not deliver decisions within a reasonable time, important reforms could be stalled.
UP sets up panel to attract investment04-JUN-09
To tide over bureaucratic and procedural delays in approving investment proposals, the Uttar Pradesh government has constituted an Empowered Committee (EC) for time-bound clearance of such cases.
UP mills clear Rs 5,800cr cane dues to farmers22-APR-09
While sugar production in Uttar Pradesh dipped to a new low of nearly 4 million tonne this crushing season, the sugarcane payment scenario, on the other hand, has been a welcome change for the state farmers.
Kanpur's Elgin Mill may be revived02-MAR-09
Just a few months after JK Jute Mills was reopened, Elgin Mill, Kanpur’s oldest textile mill, is also set for a revival due to increasing pressure on the government-owned mills to follow suit prior to the coming general elections.
Banks for loan recast flexibility02-JAN-09
Banks and financial institutions are seeking more flexibility in dealing with commercial and industrial loan accounts, which are seeing pressure due to cash flows and repayment.
Kanpur shows industrial 'renaissance'23-DEC-08
Even as the economies across the globe are reeling under massive retrenchments and cost-cutting measures, the upcoming general elections are springing up different surprises for Kanpur.
Burn Standard revival plant may be modified18-DEC-08
Working on the revival package for Kolkata based Burn Standard & Company Ltd, which is under the Board for Industrial and Financial Reconstruction (BIFR), the Board for Reconstruction of Public
Balaji Distilleries merges with United Spirits02-DEC-08
United Spirits (USL), the largest spirits company and a group firm of Vijay Mallya’s UB Group, has merged Tamil Nadu-based, Rs 500-crore Balaji Distelleries (BDL) into itself in an all-stock
BIFR to clear PPL package in December24-NOV-08
The Board for Industrial and Financial Reconstruction ( BIFR) is all set to clear the revival package of Paradeep Phosphate Limited ( PPL) in the first week of December 2008. The operating agency
BIFR to clear PPL revival package in December21-NOV-08
The Board for Industrial and Financial Reconstruction ( BIFR) is all set to clear the revival package of Paradeep Phosphate Limited ( PPL) in the first week of December 2008. The operating agency
Uflex, Chaddha group submit bids for UP sugar mills26-SEP-08
Uflex and Chaddha group today submitted their financial bids for the 33 ailing corporation sugar mills in Uttar Pradesh.
Ufex, Chaddha group may bid for UP sugar mills24-SEP-08
Noida-based Uflex and Chaddha group may formally bid for the 33 ailing corporation sugar mills in Uttar Pradesh.
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