Search Results for: bankruptcy

Bleeding Punjab National Bank sets up 6,900 loan recovery cells

Around 3,000 additional personnel from various other operations have been moved to the stressed asset vertical, whose sole job is to focus on recoveries.

Jun 25, 2018

Wipro's Rishad Premji gets a salary hike of 250% for FY18

It is interesting to note that the hike comes at a time when Wipro has sacked a large number employees in last fiscal year. The IT major has also been dealing with growth issues after the bankruptcy of two clients.

Jun 25, 2018

Corruption allegations stall Indian Navy's Rs 20,000 cr project

The two companies, Reliance Naval & Engineering Ltd and Larson & Toubro, have been involved in a bitter battle for Rs. 20,000 cr mega contract.

Jun 15, 2018

7th pay commission 7th cpc north block finance ministry delhi modi government

Revival of 'bad bank' idea: Government sets up committee to tackle bad loans

Known as a 'Bad Bank' in industry parlance, the Asset Reconstruction Company, in essence, deals with the existing bad loans of the banks and provides a mechanism for recovery of the outstanding dues.

Jun 9, 2018

Air India seeks short-term loans worth Rs 1,000 crore to stay afloat, but for how long?

After a flop show of the majority stake sale, AI has sought for Rs 1,000-crore STLs as it struggles to stay afloat amidst mounting debt.

Jun 8, 2018

hudco, ipo, hudco ipo, home loans, real estate, home loan interest rates, india

Big relief for homebuyers as President clears IBC ordinance

The ordinance under IBC, 2016 aims to save the buyers from builders who are declared bankruptcy in the middle of their real estate projects.

Jun 7, 2018

steel production in india, steel production japan, steel exports by india, steel imports by india, india news, steel, tata steel, factory, iip, indian economy, gdp

Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

The Tata Steel unit will raise a bridge loan of 165 billion rupees to help fund the acquisition, while Tata Steel is investing the remainder in the unit, Bamnipal Steel.

May 19, 2018

Reliance Communications' settlement with Ericsson over dues unlikely for now: Report

Ericsson had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecoms network. The company is now seeking 1.55 billion rupees ($170 million) from RCom and two of its subsidiaries.

May 18, 2018

global steel demand, global steel outlook for 2017, steel demand for 2018, sro for steel 2017, world steel association, steel companies in india, tata steel, jsw steel

Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

The Tata Steel unit will raise a bridge loan of 165 billion rupees to help fund the acquisition, while Tata Steel is investing the remainder in the unit, Bamnipal Steel.

May 18, 2018

bombay stock exchange, bse, sensex, nifty, stock markets, sensex gainers, sensex losers, buzzing stocks

Sensex falls as Karnataka election outcome disappoints

The Bharatiya Janata Party (BJP) won 104 seats, falling short of the 113 seats needed to form a government, while the opposition Congress clinched 78 seats.

May 16, 2018

Cryptocurrency to forge a new market in Russia

Key representatives from IDACB and RACIB are endorsing, and taking part, in the upcoming World Blockchain Summit, which will be held in Moscow on April 26–27.

Apr 18, 2018

india electricity, china india relations, china electricity

More pain ahead: Indian banks stare at Rs 2.5 trln new bad loans

Power sector has been a major concern in India, due to decline in fiscal health of State Electricity Boards.

Apr 5, 2018

Aircel shutdown leaves 5,000 employees in lurch over salary dues

The Gurugram-based firm was in talks to merge with Reliance Communications, but the talks failed to materialize and the carrier then decided to shut down operations in 6 regions.

Mar 27, 2018

200-year-old U.S. gunmaker files for bankruptcy

Remington Outdoor Co Inc [FREDM.UL], one of the largest U.S. makers of firearms, filed for bankruptcy protection on March 25. Remington and other gunmakers have suffered from slumping sales in the past year as fears of stricter gun laws have faded. Bloomberg reported that gun owners stock up when it looks like tighter gun laws lie ahead, though Donald Trump and amp;#39;s win eased those fears, leaving gunmakers with a lot of unsold stock.

Mar 26, 2018

'Bond with the Best' brand Reid & Taylor, S Kumars head for bankruptcy

Apparel and suiting brand Reid & Taylor and its parent company S.Kumars have defaulted on more than Rs 5,000 crore of loans.

Mar 9, 2018

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Search Results for: bankruptcy

Bleeding Punjab National Bank sets up 6,900 loan recovery cells

Wipro's Rishad Premji gets a salary hike of 250% for FY18

Corruption allegations stall Indian Navy's Rs 20,000 cr project

Revival of 'bad bank' idea: Government sets up committee to tackle bad loans

Air India seeks short-term loans worth Rs 1,000 crore to stay afloat, but for how long?

Big relief for homebuyers as President clears IBC ordinance

Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

Reliance Communications' settlement with Ericsson over dues unlikely for now: Report

Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

Sensex falls as Karnataka election outcome disappoints

Cryptocurrency to forge a new market in Russia

More pain ahead: Indian banks stare at Rs 2.5 trln new bad loans

Aircel shutdown leaves 5,000 employees in lurch over salary dues

200-year-old U.S. gunmaker files for bankruptcy

'Bond with the Best' brand Reid & Taylor, S Kumars head for bankruptcy

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]