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Aircel lenders agree to take 99% haircut on dues worth Rs 20,000 crore

Aircel admitted itself to the NCLT in Feb 2018 even as all its directors resigned just before the bankruptcy filing

Novelis' acquisition of Aleris hits European Commission roadblock

European Commission suspends deadline to clear the deal

Lenders plan to appeal against Sterling Biotech liquidation order

This came after diverse stands taken by the official agencies

Accounting scandals: Big 4 audit firms face unprecedented crisis in India

The auditors are hitting back, saying there is so much blame on auditors that they are questioning internally whether it makes sense for them to keep auditing Indian companies

Uttam Group firms' creditors move court over low offer made by Cargill arm

Operational creditors to get Rs 3 crore, against Rs 1,017 crore dues

Anil Ambani takes on Rahul Gandhi, calls him a 'malicious liar'

Received orders of Rs 1 trillion during Congress regime, says Reliance Group chairman

Tata Motors Finance to raise $400 million through foreign bonds

Company to raise another Rs 5,000 crore in local debt

Japan drug case isn't Ness Wadia's first brush with law, controversy

Ness made headline in 2014 when actor Preity Zinta complained against Ness Wadia saying he attacked her just before a IPL match in June 2014

PNB takes Tarapur Textiles Park to DRT for $13-million loan default

A PNB official said Tarapur Textile account had turned into a non-performing asset and PNBIL (PNB International Ltd) has initiated recovery proceedings against the borrower

Mukesh Ambani's personal companies reduce debt by selling assets

The debt reduction by RIHPL comes at a time when Reliance Industries is in talks with Saudi Aramco to sell around 25 per cent stake in its refining and petrochemicals businesses for $10-15 billion

Banks jittery as JSW's Rs 19,700-cr offer for Bhushan Power awaits NCLT nod

Bhushan Power was in the first list of 12 companies identified by the Reserve Bank of India for debt resolution in June 2017

RIL may use refining arm stake sale to reduce debt, say analysts

Analysts say the firm may use some proceeds in digital business

Naresh Goyal's Jetair had cash in surplus when Jet crisis started to show

The private entity's main revenue source was from the listed entity Jet Airways, which was paying close to Rs 4 crore a month to the company for offline bookings as a general sales agent

R Venkataramanan quits Ratan Tata's investment arm RNT Associates

A Tata group insider said Venkat was instrumental in making some marquee investments in Indian start-ups on behalf of RNT Associates

Adani Power withdraws offer to acquire KSK Mahanadi project in Chhattisgarh

KSK Mahanadi defaulted on bank loans worth Rs 21,760 crore as of March 2018

Corporate credit to grow in next few quarters on working capital needs

Large-ticket loans a few quarters away despite rise in capacity utilisation: CEOs

Whistle-blower letter: Deloitte faces SFIO probe in IL&FS case

The whistle-blower has sent the letter to other regulatory bodies like the Reserve Bank of India, Securities and Exchange Board of India (Sebi), and Ministry of Corporate Affairs

RIL's Navi Mumbai project may attract $75 bn investments in over 10 years

Ambani's new city is expected to be rolled out at an unprecedented scale, in the same way the RIL Group has implemented and executed projects such as the Jamnagar refinery, and Jio more recently

Falling corporate capital expenditure, slowing rural sales worry CEOs

Another worrying sign for India Inc is the lack of new jobs in the formal sector

Anil Ambani's stake dips to 22% in RCom; Banks sell 15.6% pledged shares

RCom had a debt of Rs 45,000 crore