ARCs Sponsored by Large Corporate Groups to Remain Relevant; Prudent Pricing and Not AUM Key to Success

 India Ratings and Research (Ind-Ra) believes that asset reconstruction companies’ (ARCs) key focus in the near-to-medium term would be largely to acquire mid-sized assets, given the capital constraints and... Read more »

NCLT approves merger of INA Bearings, LuK India with Schaeffler India Limited

Schaeffler India Limited has announced that the Hon’ble National Company Law Tribunal (‘NCLT’), Mumbai has on September 7,2018, approved the Scheme of Amalgamation filed before it by the Company and... Read more »

UBI looks at Rs 3,000 cr recovery, expects to turn profit this fiscal

State-run United Bank of India (UBI), which received about Rs 676 crore from two stressed accounts through resolution in the NCLT, is expecting to recover Rs 3,000 crore in... Read more »