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News digest: IBC, Apple's India head, Maruti overtakes HUL, and more

Indian lenders are likely to wrap up the resolution process of Bhushan Power & Steel (BPSL), Essar Steel, Monnet Ispat & Energy, and Electrosteel Steels

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BS Web Team
IBC resolution of steel firms pushed to FY19

Indian lenders are likely to wrap up the resolution process of Bhushan Power & Steel (BPSL), Essar Steel, Monnet Ispat & Energy, and Electrosteel Steels only in the first quarter of the next financial year (FY19) and miss the initial deadline of December-end set under the Insolvency and Bankruptcy Code (IBC). Read more
 
Ola acquires Foodpanda to re-enter food delivery biz, takes on Uber Eats

India’s largest ride-hailing firm, Ola, has re-entered the online food-ordering and delivery business by acquiring Foodpanda’s India unit as it