Page 72 - Dev Chatterjee

ICICI Bank board may have new chairman next week as M K Sharma retires

A former chairman of a large PSU bank had been sounded out to take over as ICICI Bank chairman, but no decision taken so far

Cyrus Mistry case will become precedent in oppression disputes: Experts

On Monday, the NCLT Mumbai bench rejected Mistry's petitions

Debt-laden IL&FS plans to sell 25 assets to raise Rs 300 billion

The group's management is planning to sell 25 assets worth Rs 300 billion and raise an additional Rs 45 billion by way of a rights issue at Rs 150 a share

Bad news for creditors as IL&FS, 40 arms move NCLT seeking debt protection

According to corporate law experts, by moving the Mumbai Branch of NCLT, IL&FS is seeking more time to repay its debt

Japan's Orix Corp keen to acquire a majority stake in crisis-hit IL&FS

IL&FS and its subsidiaries have defaulted on repayment to lenders in the current month and the group is facing severe liquidity crisis

Debt resolution under IBC process: Banks take 47% haircut in RBI first list

Lack of capacity at the NCLTs is turning out to be a big concern for the investors as well as lenders

Lenders seek extension on resolution proceedings against Videocon Oil

Bankers said they expected the valuation of Videocon Oil's assets in Brazil to double by next year due to rising oil prices

Rupee fall spooks India Inc boardrooms; CFOs worry RBI may hike rates again

To stem the fall in the currency's value, the central banks across the world are raising interest rates, triggered by rising US interest rates and a rising dollar

Birlas stare at Rs 70-bn loss on sale of grocery store brand More

ABRL was set up by the promoters of Aditya Birla group in 2007

Tata group profit rises 35% under Chandra; importance of TCS, JLR declines

While Tata Motors' domestic business contributed with a 33 per cent year-on-year jump in net sales last financial year, the story at JLR was disappointing

ICICI Bank may ask independent directors to chair board meetings

The bank has government nominee Lok Ranjan on the board, who has not attended a single meeting since his appointment in April

ICICI Bank: Luthra & Luthra, Control Risks to assist Justice Srikrishna

According to an insider, the investigation will take at least four to six months to complete as many transactions took place in tax havens abroad

AirAsia case: Tatas feel the heat from Cyrus Mistry's hot spots

The matter assumes significance as NCLT is set to give a date of judgement on June 12 on a plea filed by Mistry on his removal by the Tata Sons board.

Central Bank ups exposure to Deepak Kochhar's NuPower despite default

Interestingly, Indiabulls Housing Finance also had an exposure of Rs 250 million in the company

Essar Steel lenders to give time to bidders to cure ineligibility

ArcelorMittal may have to clear outstanding dues totalling Rs 70 billion, if it wishes lay its claim as an eligible bidder

MCA begins inspection of Deepak Kochhar's NuPower Renewables

The NuPower matter is currently under investigation by multiple regulators

Axis Bank sells part of Echanda Urja loans to IREDA, Central Bank

With this, Axis Bank has reduced its exposure in Echanda Urja by Rs 2 billion to below Rs 3 billion

RBI plans to collect information on loan to Videocon from ICICI Bank

A source at ICICI Bank said Videocon paid its dues to the bank till December 2017 and might even pay the dues for the March quarter

Videocon loan row: LIC, govt nominee seek meeting with ICICI Bank brass

On agenda is restoring investor confidence in lender's governance standards

Banks to vote on new bidders for debt-laden Essar Steel on Friday

JSW Steel is likely to make a bid by joining a consortium of private equity players