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Shapoorji Pallonji Group stakes claim in all Tata companies, seeks division

Mistry family's group claims a 13.22 per cent stake in Tata Consultancy Services and a pro-rata share of the Tata brand

IBC rule on personal guarantees no help to promoters blaming managers

Payment of bank loans by a company is an obligation under the contract law and fraud by professionals is a criminal matter, says government official.

Tata Sons rebuffs US-based fund Interups' offer to buy AirAsia stake

Interups had not only offered to buy the 49 per cent owned by AirAsia Berhad but also Tata Sons' 51 per cent at the same valuation

Lenders trash low loan recovery, ask Oaktree, Piramal to up offers for DHFL

Few banks may look at acquiring bankrupt housing finance company's retail book.

Shapoorji Pallonji group to file settlement terms on Tata Sons exit with SC

Hearing in the Tata versus Mistry case is likely to be adjourned to next month.

Future-RIL deal: Amazon gets a favourable ruling in arbitration case

Future can't go ahead with its Rs 24,713-crore deal with Reliance till the completion of the arbitration process as the emergency arbitrator ruling is in 'toto'

JSW to raise $1 bn from overseas, domestic markets to retire debt

The company has also agreed to acquire Bhushan Power and Steel for Rs 19,700 crore and has kept the funds ready for the acquisition

DHFL lenders brace for haircut after foreign bidders back out of race

Only two firms in race for retail, wholesale, and slum rehabilitation authority portfolio

Zero cash flows during Corona time spark fire sale of India Inc's assets

Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months

Private equity firm Blackstone seeks clarity on Reliance-Future deal

Fate of PE firm's Rs 1,750-crore investment remains uncertain

Future group, Amazon to initiate arbitration proceedings over RIL deal

Amazon says the deal violates the no-compete contract signed with the Future group and the RIL-Future deal will derail its plans to buy a stake in Future Retail Ltd

Sahara says it has returned Rs 3,226 cr, promises to pay off all depositors

Promising that every investor will be repaid, the official said in the last 10 years the group has paid maturity payment of a massive Rs 1.4 trillion to its 57.6 million investors

Amazon notice to Future on RIL deal: India's raging retail war explained

Amazon has sent a legal notice to Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries

Amazon takes on Future Group over deal with Reliance, sends legal notice

A top industry source said the notice was unexpected as Biyani had first approached Amazon for a takeover of the Future Group companies before defaulting to its lenders and suppliers.

Depositors wait for dues with Sahara Group companies under lens

In June this year, rating firm CARE said it was suspending the ratings on Sahara Hospitality as it has stopped sharing its financial information with the rating firm

Adopt high-end tech across all processes: Billionaires' mantra for future

Analysts expect in the coming years, the Indian rich list to be dominated by new age companies as the Corona pandemic has made adoption of latest, cutting age technology inevitable

Tatas negotiate Air Asia's India exit price as airline gets $54 mn offer

Foreign fund making $54 mn offer is ready to prepay airline's expensive loans, but will only invest if Tatas, which hold RoFR, issue no-objection clearance

Adani Ports and SEZ completes acquisition of KPCL for Rs 12,000 cr

In FY21, the port is expected to generate an EBITDA of approximately Rs.1,200 crore resulting in an acquisition EV/ EBITDA multiple of 10x

Lenders to consider Videocon promoters' application for debt resolution

If the lenders agree to the proposal made by VIL's promoters, then it will be one of the first big ticket debt resolution by the lenders via Section 12A of the IBC

India Inc seeks to pare debt via InvITs as foreigners are keen to invest

High interest rates, low-risk model key attractions for overseas investors