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  • Court declares Sterling Biotech promoters 'fugitive economic offenders' Sep 29, 2020 09:18 AM IST

    Court declares Sterling Biotech promoters 'fugitive economic offenders'

    The Sandesara brothers, promoters of pharmaceutical company Sterling Biotech, fled the country in 2017.

  • Sterling Biotech case: ED records statement of Ahmed Patel's son Faisal Aug 28, 2019 08:24 PM IST

    Sterling Biotech case: ED records statement of Ahmed Patel's son Faisal

    Last month, the federal probe agency had similarly recorded the statement of Ahmed Patel's son-in-law Irfan Siddiqui in the case.

  • NCLAT stays eviction of Sterling Biotech from its premise Aug 04, 2019 05:25 PM IST

    NCLAT stays eviction of Sterling Biotech from its premise

    Sterling Biotech, whose promoters Nitin Jayantilal Sandesara and Chetankumar Jayantilal Sandesara are absconding, has a total debt of over Rs 9,000 crore.

  • ED grills Ahmed Patel's son-in-law in Sterling Biotech bank fraud case Jul 30, 2019 08:55 PM IST

    ED grills Ahmed Patel's son-in-law in Sterling Biotech bank fraud case

    Siddiqui's statement was recorded under the Prevention of Money Laundering Act (PMLA) after he was grilled on charges of links with the Sandesara brothers, the owners and promoters of the Vadodara-based company, at an Enforcement Directorate (ED) office here, they added.

  • Sterling Biotech bank fraud case: ED records statements of actor Dino Morea, DJ Aqeel Jul 17, 2019 09:04 PM IST

    Sterling Biotech bank fraud case: ED records statements of actor Dino Morea, DJ Aqeel

    The actor and the popular disc jockey (DJ) had been asked to join probe by the Enforcement Directorate (ED) last month as the agency had got evidence that the two were paid some money by the Gujarat-based pharmaceutical group in the past.

  • SBI Caps might face CBI inquiry for its role in Sandesara Group loans: Report Jul 09, 2019 04:41 PM IST

    SBI Caps might face CBI inquiry for its role in Sandesara Group loans: Report

    One of the country’s top investment banks, SBI Caps was a debt syndication agency for the group’s subsidiary, Sterling Oil Resources.

  • Sterling Biotech bank fraud case: ED summons actor Dino Morea and DJ Aqeel Jul 01, 2019 09:35 PM IST

    Sterling Biotech bank fraud case: ED summons actor Dino Morea and DJ Aqeel

    The actor and the popular disc jockey (DJ) have been asked to depose before the Enforcement Directorate (ED) later this week as it has got evidence that the two were paid some money by the Gujarat-based pharmaceutical group in the past, they said.

  • Lenders provided Rs 1,300cr in guarantees to defaulting Sterling promoters: Report Jun 11, 2019 12:05 PM IST

    Lenders provided Rs 1,300cr in guarantees to defaulting Sterling promoters: Report

    The Enforcement Directorate is investigating Sterling Biotech's promoters under The Fugitive Economic Offenders Act, 2016

  • Sterling Biotech lenders receive settlement from promoter-owned company: Report May 29, 2019 04:26 PM IST

    Sterling Biotech lenders receive settlement from promoter-owned company: Report

    The National Company Law Tribunal (NCLT) had recently rejected a plea by lenders to withdraw the insolvency proceedings against Sterling Biotech.

  • MCA objects to Sterling Biotech being removed from bankruptcy code Apr 13, 2019 06:39 PM IST

    MCA objects to Sterling Biotech being removed from bankruptcy code

    Sterling Biotech took loans of over Rs 5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.

  • Sterling Bio Standalone December 2018 Net Sales at Rs 94.95 crore, up 9.07% Y-o-Y Feb 11, 2019 03:34 PM IST

    Sterling Bio Standalone December 2018 Net Sales at Rs 94.95 crore, up 9.07% Y-o-Y

  • From Nirav Modi to IL&FS, 5 loan deals bankers wish they hadn’t signed Dec 29, 2018 01:28 PM IST

    From Nirav Modi to IL&FS, 5 loan deals bankers wish they hadn’t signed

    Multi-crore scams struck India in 2018. Check out the biggest five that made headlines.

  • Sterling Biotech case: Court takes cognisance of charge sheet Oct 03, 2018 07:52 PM IST

    Sterling Biotech case: Court takes cognisance of charge sheet

    Besides Sandesra brother, the court had also issued NBW against Chetan's wife Dipti Sandesara, also a director in the firm, and her brother Hiteshkumar Narendrabhai Patel.

  • Bank loan fraud: ED to file charge sheet against Sandesara brothers of Gujarat Sep 24, 2018 09:56 PM IST

    Bank loan fraud: ED to file charge sheet against Sandesara brothers of Gujarat

    It is alleged that the company took loans of over Rs 5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.

  • Sterling Biotech director at the centre of Rs 5000-crore bank fraud may have fled to Nigeria: Report Sep 24, 2018 12:29 PM IST

    Sterling Biotech director at the centre of Rs 5000-crore bank fraud may have fled to Nigeria: Report

    Sandesara was arrested in Dubai in August, based on a non-bailable arrest warrant issued by an Indian court.

  • SREI Infra may buy promoter stake in Rs 4,060-cr Dahej port Mar 06, 2017 01:39 PM IST

    SREI Infra may buy promoter stake in Rs 4,060-cr Dahej port

    Speaking to CNBC-TV18, DK Vyas, CEO of SREI Infra, said the acquisition would be part of efforts to recover its loan from Sterlite Port, which is promoted by Sandesara Group, and developing the greenfield port.

  • Sterling Bio standalone Dec '15 sales at Rs 87.48 crore Feb 15, 2016 09:20 AM IST

    Sterling Bio standalone Dec '15 sales at Rs 87.48 crore

    Sterling Biotech has reported a standalone total income from operations of Rs 87.48 crore and a net loss of Rs 103.82 crore for the quarter ended Dec '15

  • Sterling Bio standalone Sep '15 sales at Rs 108.02 crore Nov 10, 2015 07:26 PM IST

    Sterling Bio standalone Sep '15 sales at Rs 108.02 crore

    Sterling Biotech has reported a standalone total income from operations of Rs 108.02 crore and a net loss of Rs 94.21 crore for the quarter ended Sep '15

  • Sterling Bio standalone Jun '15 sales at Rs 118.08 crore Aug 18, 2015 12:30 PM IST

    Sterling Bio standalone Jun '15 sales at Rs 118.08 crore

    Sterling Biotech has reported a standalone total income from operations of Rs 118.08 crore and a net loss of Rs 88.48 crore for the quarter ended Jun '15

  • Indian steel industry needs a surgical solution Jul 08, 2015 07:52 AM IST

    Indian steel industry needs a surgical solution

    Ashish Gupta, the MD & Head of Research at Credit –Suisse has drawn up a list of 3700 companies with total debt of USD 505 billion. Of this list, at least USD 55 billion of loans are with companies which have debt higher than their EBIDTA for the last 12 quarters and most of these are still standard in the books of many banks.

  • Sterling Bio standalone Mar '15 sales at Rs 102.06 crore May 18, 2015 03:55 PM IST

    Sterling Bio standalone Mar '15 sales at Rs 102.06 crore

    Sterling Biotech has reported a standalone total income from operations of Rs 102.06 crore and a net loss of Rs 90.35 crore for the quarter ended Mar '15

  • Stocks in news: Tata Steel, Power Grid, RIL, Adani Power May 18, 2015 07:52 AM IST

    Stocks in news: Tata Steel, Power Grid, RIL, Adani Power

    Tata Steel | Power Grid | Reliance Industries | Adani Power | Maruti Suzuki | Tata Motors are stocks,| which are in news today.

  • Bad loans on rise: How can banks tackle the menace? Aug 21, 2014 10:29 AM IST

    Bad loans on rise: How can banks tackle the menace?

    Experts feel the corporate governance in PSU banks is not as strong as private banks and there is lot of involvement and interfering by government officials.

  • Stocks in news: Tech Mahindra, USL, Fin Tech, SPARC Feb 28, 2014 08:39 AM IST

    Stocks in news: Tech Mahindra, USL, Fin Tech, SPARC

    Eicher Motors | IOC | BPCL | iGate | Titan Company | Ramky Infrastructure | United Bank of India | Venus Remedies | Infosys | Sun Pharma Advanced Research | Arvind | VST Industries | Lupin | Power Grid | ITI | Hero Motocorp | Maruti Suzuki | Financial Technologies | MCX | Tech Mahindra and United Spirits are stocks, which are in the news today.

  • Stocks in news: MphasiS, Hind Zinc, Educomp, Tata Motors Dec 06, 2013 08:38 AM IST

    Stocks in news: MphasiS, Hind Zinc, Educomp, Tata Motors

    MphasiS | M&M | ONGC | Hindustan Zinc | Hinduja Global | Dhampur Sugar Mills | Dwarikesh Sugar Industries | Educomp Solutions | Mawana Sugars | Sterling Biotech | Power Grid and Tata Motors are stocks, which are in the news today.

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