Sterling Biotech

Sterling Biotech is one of the large manufacturers of pharmaceutical gelatin, di-calcium phosphate and APIs including lovastatin, doxorubicin, epirubicin, and daunorubicin

Five promoters who siphoned funds overseas, defrauded Indian banks

Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Stocks in news: JSPL, Hindalco, Rel Comm, Tata Power, NBCC, BEML

M&M | JSPL | Hindalco | Reliance Communications | Tata Power | GPT Infra | NBCC | Hotel Leela | Yes Bank | Edelweiss Financial | Ashok Leyland | Hinduja Foundries | Ajanta Pharma | Shelter Infra | National Fertilizers | Patel Engineering | Rolta India | Educomp | DB Realty | BEML and Supreme Infra are stocks, which are in the news today.

Stocks in news: RBL Bank, Kotak Bank, DLF, Delta Corp, UltraTech

RBL Bank | Kotak Mahindra Bank | DLF | Delta Corp | UltraTech Cement | Reliance Communications | Sterlite Technologies | Ujjivan Financial | PG Electroplast | Phoenix Mills | Jain Irrigation | Indraprastha Medical and Cox & Kings are stocks, which are in the news today.

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

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

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

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

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