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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

Essar Steel, Bhushan Steel and Electrosteel are probably up for grabs; who would steal the steel deal?

Banks are all set to crack down on Essar Steel, Bhushan Steel, and Electrosteel to recover their dues. Will the lenders sell their firms to probable buyers like Tata Steel or JSW Steel?

Jun 23, 2017

Essar Steel, Electrosteels, Bhushan Steel face closure or sale

On Thursday, lenders led by State Bank of India decided to refer Essar Steel, Electrosteels and Bhushan Steel to the National Company Law Tribunal; the three companies together owe about Rs 1 lakh crore to banks.

Jun 23, 2017

Roger Federer, Mischa Zverev, Roger Federer vs Mischa Zverev, Halle Open 2017, Gerry Weber open 2017

Roger Federer vs Mischa Zverev live streaming: Watch Gerry Weber Open live online and on TV

Roger Federer's preparation for Wimbledon will continue at the Halle Open where he will face Mischa Zverev next as he looks to win his ninth title here.

Jun 22, 2017

Boris Becker, Boris Becker bankrupt, tennis, Boris Becker news, Arbuthnot Latham

Tennis news: Paternity suit, divorces and his Majorcan villa led Boris Becker to bankruptcy

German tennis legend Boris Becker was declared bankrupt in London for running up a debt of £3.34 million.

Jun 22, 2017

tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

List of India's top 12 defaulters who owe a mind-boggling amount to banks

The RBI's list of top 12 defaulters comprise Lanco Infratech, Bhushan Steel, Alok Industries, Monnet Ispat, Essar Steel, Era Infra, ABG Shipyard, Jaypee Infratech, Amtek Auto, Electrosteel and Jyoti Structures.

Jun 19, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

Does Atari's comeback with a new gaming console after 24 years make sense?

"We are back in the hardware business," says Atari CEO Fred Chesnais.

Jun 17, 2017

, rbi, rbi list of 12 defaulters, rbi deputy governor viral acharya, bhushan steel, essar steel, lanco infra, alok industries, NPA ordinance, crackdown on bad loans

RBI's decision against loan defaulters reveals rot that set in during UPA regime

RBI deputy governor Dr Viral Acharya had, in February this year, made interesting comments on bad loans that are now part of 12 big defaulters.

Jun 17, 2017

India closing the gap with Japan in steel production

Japan's production was 35 million tonnes while India produced 33.2 million tonnes, according to statistics published by World Steel Association.

Jun 15, 2017

base metal prices, steel prices, china steel production, metal stocks, tata steel share price, vedanta share price, jsw steel price, korean peninsula crisis

Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

Though the RBI did not name the 12 defaulters, there is speculation that Essar Steel, Bhushan Steel and Lanco are top NPA accounts.

Jun 14, 2017

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

The RBI said the 12 accounts identified as defaulters constituted about 25 percent of the overall gross non-performing assets, and added that it will direct lenders to begin insolvency proceedings around these accounts.

Jun 14, 2017

arun jaitley, banks annual review meeting, bank npas, psu bank chiefs meet jaitley, modi govt

RBI at advanced stage of preparing top loan defaulters' list: FM Arun Jaitley

At a meeting with heads of PSU banks, Jaitley also discussed challenges to credit growth and their resolution.

Jun 12, 2017

Raabta-Magadheera legal tussle: How original is the 2009 Ram Charan-starrer?

Beyond all the court drama and unwanted hullabaloo around Raabta-Magadheera copyright row, the innocent question of 'how original is Magadheera' raises.

Jun 10, 2017

rbi head office reserve bank of india notes currency denomination 2000 1000 500 100 mysuru

Reserve Bank of India initiates steps to replace outgoing deputy governor SS Mundra

SS Mundra, currently one of the four deputy governors of RBI, is due to retire in July.

Jun 2, 2017

etihad airways, etihad investments in alitalia, alitalia files for bankruptcy, ryanair, airberlin, emirates vs etihad, jet airways, jet airways share price, naresh goyal jet airways

Etihad Airways finds investments in Alitalia, Air Berlin, Jet Airways not paying off

Picking up stakes in Alitalia, Air Berlin to drive growth does not seem to be paying off in catch-up with bigger rival Emirates.

May 20, 2017

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