P R Sanjai
Bhushan Power misappropriated bank funds and manipulated account books to raise money from consortium lender banks.
India’s plan to issue foreign currency debt has no real benefit and is fraught with risks, says former RBI governor Raghuram Rajan
The company’s ability to raise funds has been substantially impaired and the business has been brought to a standstill.
Bankers will start reaching out to prospective buyers for Emami Cement, seeking a valuation of about $1 billion.
Former billionaire Anil Ambani is waging a war on debt.
Tata Group paid lenders and government $7.3 billion to help complete sale of its mobile-phone services business to Bharti Airtel.
India seeks to raise $84 billion this year from a sale of airwaves.
Lenders led by State Bank of India are expected to consider the company’s debt restructuring plan on Friday.
State-owned China Development Bank, with loans worth $1.4 billion was the biggest creditor to the indebted telecom company.
Embattled Indian tycoon Anil Ambani pledged to reduce debt at his infrastructure-to-finance conglomerate to a “bare” minimum.
Reliance Capital is discussing the contours of a deal to sell Mumbai-based Reliance General Insurance to Hero FinCorp.
Airtel Africa also considering a listing in Nigeria.
Reliance Capital Group to first sell 24% stake in its entertainment company Reliance Broadcast Network to Music Broadcast.
Nippon Life will make a mandatory open offer at Rs 230 a share.
Signs of a turnaround at its marquee Jaguar Land Rover unit may not be enough for Tata Motors.
Net income was 119 million pounds ($151.6 million) in the three months ended March, according to a statement.
The partners will acquire fully-operational hotels mainly in the luxury, upper scale and upscale segments.
Tata Global Beverages will buy all food brands and give shares in return to Tata Chemicals.
The proposal is part of chairman Natarajan Chandrasekaran’s larger strategy to increase efficiency and simplify Tata Group.
Reliance Brands agreed to purchase the 259-year-old British toy store chain Hamleys from C.Banner.
A bid being stitched together by Jet Airways’ employees may get a hearing if no binding offers emerge from the current race.