BUSINESS
Liberty House in talks with Adhunik lenders; gives financial assistance to workers
"The plant has been shut off many months and this financial assistance will address the well being of workers at Adhunik," a company spokesperson told Moneycontrol.
BUSINESS
Ruias open new front in Essar Steel race; file fresh application at NCLT
Prashant Ruia, along with Essar Steel directors have moved the Ahmedabad bench of the National Company Law Tribunal (NCLT) on February 1, citing the January 31 order of the Supreme Court
BUSINESS
Union Budget good, but subject to assumptions: JSW Steel's Seshagiri Rao
The assumptions include a high tax buoyancy, and higher dividend from the RBI and public sector units
BUSINESS
Budget 2019 will help push consumption, drive investment: RPG Group's Pramod Menon
The budget has reliefs for farmers and middle class families
BUSINESS
The ABCs of India's second ESG Fund that will invest $1 billion in companies
ESG equates good returns, says Alan Rosling, the former Tata Sons Executive Director who is one of the partners of the fund
BUSINESS
Chanda Kochhar: The fall of a much-haloed leader
Kochhar's "termination" is an extraordinary parting between the bank and its once all-powerful MD & CEO.
BUSINESS
Grounded aircraft bad news for Jet Airways, but it is no Kingfisher yet
Jet Airways may limit damage if it is able to raise money
BUSINESS
Demand slows down, but Jindal Stainless continues on debt reduction path
Company plans to reduce debt by Rs 1,000 crore by March 2020
BUSINESS
Essar Steel: Ruias have backing from Sajjan Jindal, VTB Bank but ball in SBI's court
The lenders, led by State Bank of India, have to agree with a withdrawal from insolvency proceedings.
BUSINESS
IndiGo to fly to Istanbul from March, says co-founder and interim CEO Rahul Bhatia
When asked if the company has gone slow on flights to European destinations like London - as was reported - the airline said it has "not given up on the destinations" and that the answer is neither no, nor yes.
BUSINESS
Naresh Goyal wants the 'right price' to exit Jet Airways. Is that Rs 250 a share?
The valuation is central to making a success out of the deal, and injecting liquidity into the struggling airline.
BUSINESS
ArcelorMittal moves NCLAT to expedite NCLT hearing on Essar Steel
The company wants to get NCLT's stamp on its resolution plan for Essar Steel at the earliest.
BUSINESS
Steel imports a serious threat, says Seshagiri Rao of JSW Steel
The change in trade balance threatens to dampen the environment for Indian steel makers, who are already facing a demand slowdown since November 2018.
BUSINESS
Section 29A of IBC may be tweaked to allow bids from promoters, connected person
The changes may relax the 'connected party' clause, and may allow promoters of defaulting companies to bid, but with riders
BUSINESS
Jet Airways faces tough debt repayment schedule
The airline needs to make payment on Rs 200 crore loan by February 13, part of the overall Rs 1,700 crore that is due by March
BUSINESS
SBI along with other lenders, stakeholders working on resolution plan: Jet Airways
The full service carrier, which has been grappling with financial woes, defaulted on loan repayment to a consortium of Indian banks led by State Bank of India (SBI) on December 31, 2018.
BUSINESS
No airline, including Jet Airways, has asked for delivery schedule change: Boeing's Dinesh Keskar
Even if there is a change at Jet Airways, Keskar said, "somebody will take over and handle the deliveries. We hope so."
BUSINESS
Etihad keen to invest in Jet Airways, but held back by its own troubles
Facing a third consecutive year of losses, Etihad Airways has put across stringent conditions for its investment in the Indian airline
BUSINESS
Indian airlines do well on product ratings, but industry fares poorly on safety
AirlineRatings gives high marks to Jet Airways under product rating.
BUSINESS
Change in plans: Tata Steel may retain up to 30% stake in South East Asian units
The company had put NatSteel and Tata Steel (Thailand) on the block
BUSINESS
Jet Airways' passenger numbers fall; IndiGo, SpiceJet perform better
The Naresh Goyal-led airline flew 14.7 lakh passengers in November 2018, down by about 1.5 lakh passengers from the beginning of the year, in January.
BUSINESS
Facing pressure from banks after default, Naresh Goyal back at deal table
Jet Airways urgently needs funds, either through soft loans or equity sale, or both
BUSINESS
A Supreme Court order that could build Ruias' case for Essar Steel
The December order allows for withdrawal of insolvency proceedings against a debtor
BUSINESS
As steel cycle turns south, buyers of distressed assets will be forced to redo math
The likes of Tata Steel, JSW Steel and Vedanta had banked on strong steel prices to turnaround distressed assets they bought
