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SREI founders may offer resolution plan under CIRP if RBI and lenders allow

Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria

Steel firms hike prices by up to Rs 3,500 a tonne on input cost pressure

Analysts say coking coal prices more than tripled in the past five months to $390-400 a tonne in October

Newsmaker: Kolkata's Big Brother Sanjiv Goenka back at the IPL crease

The genesis of the RP-Sanjiv Goenka group lies in a family settlement that formalised a division of assets between brothers Harsh and Sanjiv Goenka in 2010

Emami PAT up 56% to Rs 185 cr in Q2FY22, revenue grows 7% to Rs 789 cr

Company says posted a growth of 9% in domestic business led by a volume growth of 6%

ITC consolidated PAT up 10% to Rs 3,763 crore in September quarter

Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year.

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

Festive cheer eludes Durga Puja with corp sponsorship below pre-Covid level

According to Forum for Durgotsab, an umbrella outfit representing 400 pujas and four other clubs, compared to 2020, sponsorship is up 30-40% and compared to 2019, it's down by 20-25%

RBI warned Srei group repeatedly, Kanoria says it complied every time

Srei was one of the few top NBFCs in constant 'asset quality review' focus of RBI, even as the regulator never used that term for NBFCs

'Switch off': Coal supply crisis has discoms scrambling for solutions

Some plead Centre for more coal, others ask consumers to save electricity

HC stays criminal proceedings initiated by Vindhya Telelinks subsidiaries

The Calcutta High Court, on Friday, stayed a criminal petition against "directors or erstwhile directors" on the board of three M P Birla group companies

West Bengal may remain immune from power crisis despite Durga Puja demand

State power minister assures uninterrupted supply, Bengal govt-owned company says state has enough stocks for up to two months

NCLT admits RBI application for initiating CIRP against Srei Infra

Rajneesh Sharma has been appointed administrator, but the order was not uploaded till the time of going to press

Srei's great leap back underlines high-risk nature of NBFC business

In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial crisis in 2008-09

Emami Agrotech eyes Rs 25,000 crore turnover by 2025 with new plant

The Rs 600 cr greenfield unit at Kandla will take Emami's total edible oil production capacity to over 12,000 TPD from 9,000 TPD earlier

We hadn't expected such retaliation by bankers: Hemant Kanoria of Srei

In a Q&A, the promoter and former chairman of Srei Infra says the firm had moved the NCLT to facilitate payment, account was not stressed

Explained: How a problem turned into crisis for Srei Infrastructure Finance

But those in the know say that trouble at Srei had been brewing for a while now

McLeod's return from brink of IBC signals a brief respite for tea industry

In an industry in which more than half the production is accounted for by the small growers, analysts believe that big players may help bring production and pricing discipline

Tata Steel, JSW Steel subsidiaries ramp up capacity in tinplate

JSW Coated and JSW Vallabh Tinplate, the wholly owned subsidiaries of JSW Steel, are increasing capacity from 350,000 tonnes to 620,000 tonnes

Trinamool is treating by-polls as a precursor to the Lok Sabha elections

The party flags, posters, cut-outs along the road to Bhabanipur signal that it is battle-ready

JSW Steel raises $1 billion via bonds issuance in overseas market

The company says it is the first in the steel sector globally to issue an SLB in a hard currency