Page 57 - Dev Chatterjee/undefined

Indian Hotels, others in race to take over Mysuru's Lalitha Mahal Palace

The palace, currently run by JLR, will be offered to bidders on a long-term management contract

Will take up to a year before pvt sector opens purse to capex: L&T chief

The firm's MD & CEO, S N Subrahmanyan, says L&T has reached pre-covid levels and aims to become debt free

Grasim to enter paints business with Rs 5,000 cr initial investment

Will take on the likes of Asian Paints, Nerolac in a sector that has registered a revenue CAGR of 11% between FY14 and FY19

Indian companies should remain agile to face future crisis: Birla

Birla in a webpost said the way Covid had hit people with comorbidities which were measurable and identifiable

Tata versus Mistry: Lenders hold out hope on Supreme Court verdict

While SP group sources said the verdict and debt rejig plans are unrelated, lenders said the group will be able to raise substantial sums if the SC allows it to pledge its shares in Tata Sons

Banks to get 33% of dues spread over five years from DHFL resolution

The banks will be taking a huge haircut as compared to an average 45 per cent recovery in insolvency and bankruptcy cases

DHFL's long-drawn journey to resolution: Here's the story so far

DHFL's fall not only exposed the chinks in Indian auditing firms, but also showed the flaws in rating companies, which gave it the highest rating

Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid

With this Piramal succeeds in getting the requisite 66 per cent voting, says source

From Tatas to RIL, India Inc goes into hiring mode as demand picks up

IT and auto lead the spurt in hiring so far; most of the jobs for junior or entry levels

DHFL bid: CARE Ratings subsidiary on Sebi radar over Oaktree's bonds

The markets regulator found it was a subsidiary of CARE which had rated the Oaktree acquisition proposal, not the bonds

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

The Budget will be presented in the backdrop of a revival of the economy and expectations of good corporate earnings in the December quarter

Piramal contests US-based Oaktree Capital's offer for bankrupt DHFL

The tier I capital of DHFL has already been completely written off and the existing lenders will be taking a substantial write-down on their loans

Oaktree Capital, Piramal group trade charges over bids for bankrupt DHFL

US firm says its offer is better, warns of legal action

Not a penny to equity holders as DHFL bidders value firm's shares at zero

Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings

Piramal group plans to merge its financial services business with DHFL

The plan depends on DHFL's committee of creditors (CoC) accepting the offer over its rival Oaktree's.

Tata Sons must seek NCLT nod for conversion to pvt firm: Mistry to SC

Mistry counsel Sundaram says such a move is necessary under provisions of the new Companies Act of 2013

Interups says it has Rs 13,500 cr ready for Air India, can invest billions

US based firm has $28 mn market cap, has already bid for several bankrupt firms in India such as Lavasa Corp, Asian Colour Coated Steel and Reliance Naval

Ratan Tata, not professional board, was running Tata Group: Mistry to SC

Mistry counsel Sundaram claims Ratan Tata was able to achieve this through the Tata Trusts-nominated directors on Tata Sons board

Tough call for DHFL lenders as Oaktree just manages to outbid Piramal

Adani does not make aggressive bid in fourth round; all offers have several conditions and banks will have to take a call by evaluating NPV of each

Legal titans Harish Salve and C A Sundaram clash in Tata vs Mistry battle

Corporate lawyers said with such formidable legal teams fielded by both sides in the top Court, the fight between the two has become the most watched litigation war in recent times