NCLT benches must be in proportion to firms in region: SBI

Mar 19 2018

The NCLT adjudicating on insolvency cases requires superior infrastructure that allows NCLT benches to be set up in proportion to firms in the region, SBI said.

Consider objections to Tata Steel bids: NCLT to Bhushan Steel

Mar 19 2018

NCLT asked the Committee of Creditors of Bhushan Steel to consider the objections raised by its employees over the bids submitted by Tata Steel.

IBC: 'No reduction in resolution plan submissions post Ordinance'

Mar 13 2018

The IBC (Amendment) Ordinance was promulgated on Nov 23, 2017, following which wilful defaulters were barred from submitting resolution plan.

PNB scam: IMF official calls for governance reforms at PSBs

Mar 12 2018

The International Monetary Fund has said banking reforms like insolvency code and recapitalisation will be ineffective unless governance standards are improved.

Power Finance Corp takes stressed projects before NCLT

Mar 12 2018

State-run Power Finance Corp has approached NCLT to start insolvency proceedings against promoters of stressed power projects, officials said.

Dutch bank NIBC Holding to seek Amsterdam IPO: company

Feb 26 2018

NIBC Holding NV, a Hague-based Dutch bank, will seek an initial public offering of shares in Amsterdam, the company said.

Clarity on retrospective tax will help investments in India: UK IBC

Feb 23 2018

UK IBC said more certainty, predictability and clarity regarding retrospective taxation would help companies from the UK to invest more in India.

UK fintech firms hold talks to access Indian market

Feb 21 2018

Around 15 financial technology (fintech) companies from Britain held roundtable discussions here to explore opportunities for expanding in the Indian market.

RBI notifies revised framework to deal with bad loans

Feb 13 2018

RBI came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the IBC.

Insolvency: ArcelorMittal submits bid for Essar Steel

Feb 12 2018

Global steel major ArcelorMittal said it has submitted an offer for debt-laden Essar Steel, which is undergoing insolvency proceedings.

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Stocks In News



Blackstone to buy 80% in Pune mall for Rs 310 Cr 

Blackstone Group is set to buy an 80% majority stake in Nitesh Hub

Remaining stake in the mall will remain with Nitesh Estates

Mint Reports


Eyes palm oil business and may join race to acquire Ruchi Soya

Godrej Agrovet is yet to formally approach Ruchi Soya on the same

ITC , Patanjali Ayurved and Emami are other cos which have shown interest

Mint Reports


SC upholds sale of hotel property of Blue Coast Hotels by co

Earlier, Bombay HC had set aside the sale

SC sets aside Bombay HC ruling

SC allows IFCI to retain sale proceeds of Rs 515.4 cr


Gets USFDA nod for ANDA for Metformin Extended Release tablets

Gets approvals for drugs of strength 500 mg, 750 mg

Approved ANDA bioequivalent of Glucophage XR of Bristol Myers Squibb

Co eyes to commercialise product soon


Gets Shareholders' Nod for sale of equity shares of unit Hypercity Retail

FPI limit under Portfolio Investment Scheme increased from 24% to 49%

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