Steel giant ArcelorMittal Thursday reported more than a 66 per cent drop in its net income to $0.4 billion for the quarter ended March 31, 2019. The world’s largest... Read more »
Loan exposure worth Rs 12,000 crore of almost 55 green companies of crisis-hit IL&FS group is likely to be settled by July end, a senior government official said as... Read more »
Rating agency ICRA has downgraded Reliance Capital’s short-term debt worth Rs 950 crore to A4. ICRA announced that the rating watch is with negative implications due to the company’s slow monetization of... Read more »
Even as its petition is pending at the National Company Law Tribunal (NCLAT) have asked for review of the ban on banks classifying the IL&FS accounts as non-performing assets... Read more »
Debt-laden Infrastructure Leasing & Financial Services (IL&FS) April 22 announced that GAIL (India) has emerged as the highest bidder for its seven operating wind power plants. The bidding process to... Read more »
The National Company Law Appellate Tribunal (NCLAT) reiterated Monday that Ericsson India Private Ltd would have to refund the Rs 576 crore including interest payment it got as dues... Read more »
Operational creditors that were to receive Rs 214 crore from the Essar Steel debt resolution plan submitted by ArcelorMittal, could net an additional Rs 1,000 crore, reports Business Standard. Operational creditors... Read more »