Page 66 - Dev Chatterjee/workspace/business Standard Web/video

SC asks panel to decide on Bidvest's MIAL stake sale by December 15

Unhappy with the delay in selling its stake to Adani Group in January this year due to litigation by GVK Group, Bidvest had moved the SC

Barings Asia looks to exit investment after Karvy comes under Sebi lens

Indian lenders, which have an exposure of Rs 2,900 crore in Karvy group companies, are taking legal advice on how to enforce the collateral taken from Karvy

EY's forensic audit on Karvy to focus on fund diversion of Rs 1,100 cr

The company stopped giving financial information on the group companies, leading to multiple downgrades by rating firm ICRA in November.

Buyers may turn their back on DHFL over KPMG audit report concerns

Bank debt-to-equity conversion will depend on forensic audit report details

DHFL default cases land in Supreme Court as fixed-deposit holder files plea

A special leave petition in the SC was filed on Monday and it is expected to be listed in the next few weeks

Lenders may miss RBI's six-month deadline to approve debt-resolution plans

Resolution plans were to be implemented within 180 days from the end of the one-month review period

Liquidation of Voda-Idea may mean Rs 1.7-trillion hit for shareholders

A collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group

HC relief for SBI, other lenders in debt recovery from crisis-hit DHFL

The lenders, led by State Bank of India, Bank of Baroda and IDFC had moved the high court seeking a relief from an earlier order that restrained DHFL from making any payments to creditors

Govt objects to Voda CEO's comments on India JV being pushed to liquidation

Vodafone Plc, the parent entity, has said its chief's comments were reported out of context, presenting an incorrect picture

Collateral damage? PSU majors stare at huge AGR bill after SC's judgment

The government has set up a committee of secretaries to look into all issues

Icra downgrades Piramal holding firm's debt rating, cites liquidity crunch

The downgrade comes at a time when group flagship Piramal Enterprises is planning a rights issue worth Rs 3,650 crore

Lavasa CoC rejects bids of Haldiram, Deshpande; seeks more time from NCLT

Lenders expect the entire debt resolution process to be delayed further as the NCLT takes a call on a single debt resolution for Lavasa and its subsidiaries

Change in Binani brandname, quality upgrade spur UltraTech turnaround

The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity

Corporate credit growth slows as banks prefer PSUs, top-rated cos

Lenders restrict funds to companies with lower ratings

Zee lenders begin strategic sale, promoter shares moved to escrow accounts

Sources familiar with the developments said following the sale of stake to a strategic investor, the promoters might have only 12 per cent, including the 10 per cent stake with VTB

Haldiram Snacks wants Lavasa Corporation split into three entities

Lavasa Corporation was sent for debt resolution last year after the company failed to repay its debt worth Rs 4,150 crore

Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr

Promoted by HCC, Lavasa was set up as a picturesque hill station near Pune in Maharashtra in 2000. It defaulted on Rs 4,150 crore in loans to banks

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

What I see happening in the past 2-3 years is transformation, said Ambani

Banks baulk at Rs 4,000-cr loan to Patanjali for Ruchi Soya acquisition

Say there's no corporate guarantee offered by parent firm for the loan

KPMG forensic audit finds fund diversion from DHFL to promoter-led entities

The forensic audit report said DHFL could not provide a robust and well-defined tracking mechanism for end-use of funds disbursed by the company