Page 61 - Ishita Ayan Dutt

The rise of 'Best Bengal' and an all-new industry-friendly Mamata Banerjee

Investments may still be thin on the ground but Mamata Banerjee is gradually winning the battle of perception among industrialists

ArcelorMittal, Numetal bids for Essar Steel fail eligibility test

Legal vetting finds both bidders had connections with non-performing assets

Bhushan Steel auction: Fear of winner's curse pulls down Tata Steel shares

Tata Steel also sweetened the deal with 12.5 per cent equity of Bhushan Steel to the lenders

Bank haircuts on NPAs go up to 80%; 9 of 12 firms enter bidding stage

The least loss is likely to be in case of Bhushan Steel, for which JSW Steel has offered Rs 280 bn of cash and equity worth Rs 17 bn to banks

VTB Bank-Ruias, ArcelorMittal, Tata Steel to make bid for Essar Steel today

According to a source, ArcelorMittal is likely to bid alone

Insolvency: Bidders may not be able to sell stressed assets for 5 years

Banks, expected to take haircuts of 60% at least on their loans, want to protect their interest even after a new owner comes in

Tata Steel, Vedanta, JSW to make financial bids for Bhushan Power & Steel

The last date for accepting the bids has been extended to February 8 as bidders seek more clarity on the income tax (I-T) liabilities

SBI's plan to invoke guarantees on companies under NCLT unlikely to succeed

Lawyers say SBI's credit recovery team will have to wait for a while

S K Bangur's grandsons petition court for carving up Rs 30 billion assets

The S K Bangur group comprises companies like West Coast Paper Mills, Jayashree Chemicals, The Diamond Company, and Fort Gloster Electric

Industrialists are betting on a sustainable state and CM: Amit Mitra

Days, after business leaders attended the Bengal Global Business Summit, West Bengal Finance, and Industry Minister Amit Mitra, decodes the success behind the summit and the achievements of his govt

RBI's first defaulter list: Liquidation value of steel firms at Rs 540 bn

The bidders will have to make their offers above this floor price, with upfront cash to be adjusted against bank debt

Workers, employees of Gujarat NRE Coke likely to move Supreme Court

The resolution plan was submitted by workers on December 30 whereas the 270-day deadline for the company ended on January 1

Insolvency: Tata Steel, 3 others submit resolution plans for Electrosteel

With Electrosteel, two of the five steel companies on RBI's list of 12 crossed deadline for submitting resolution plans

Gujarat NRE Coke insolvency: 2,000 jobs at risk after CoC rejects sole bid

Gujarat NRE Coke owes banks around Rs 55 bn inclusive of interest

Vedanta eyeing more stressed steel assets

Vedanta had submitted an EoI for the unlisted Bhushan Power & Steel, and emerged as a qualified bidder

Tatas most eager suitor for stressed steel assets

Tata Steel has recently commissioned the first phase of its Kalinganagar project

JSW Steel looks for partners in Bhushan Steel bid

Sources said JSW Steel was likely to bid 'aggressively' for Bhushan Steel

SAIL needs to review land bank, JV holdings to pare debt: BCG

Debt amount was pegged at Rs 41,396 cr by the end of March in 2017

Tata Steel eyes commercialisation of advanced material graphene

The company has launched ready-made graphene-coated stirrups, named Tiscon Superlinks+

ITC chief calls for let-up on cigarettes

The cigarette industry is facing one of the steepest rates of taxation, with the GST increasing cess