bankruptcy code

 

'India fastest growing economy, trend to continue for some years'

Jun 18 2018

Jaitley said that 7.7% economic growth in Q4 of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is likely to continue.

Sebi plans revised norms for recovery of investors' money

Jun 14 2018

Sebi plans to put in place revised norms for recovering investors' money in cases of illegal collective investment schemes.

Vedanta acquires management control of Electrosteel Steels

Jun 11 2018

"...Vedanta Star Ltd has acquired management control of Electrosteel Steels Ltd," a filing by Electrosteel Steels said.

'IBC mostly has principle-based financial creditors' definition'

Jun 10 2018

"The Code is a general law. It applies to all kinds of businesses, except financial service providers," Sahoo told PTI.

IBC amendments to eliminate 'fly by night' real estate developers

Jun 08 2018

Union Minister Arun Jaitley today said the amendments to the Insolvency and Bankruptcy Code will eliminate "fly by night" operators in the real estate sector and ensure timely completion of projects.

President approves ordinance to treat home buyers as creditors

Jun 06 2018

Giving significant relief to home buyers, Kovind gave assent to the ordinance making amendments to the Insolvency and Bankruptcy Code (IBC), which will recognise their status as financial creditors.

Delisting norms: Sebi provides relaxations for insolvent cos

Jun 04 2018

Sebi has relaxed requirements to comply with delisting norms for companies facing insolvency proceedings provided the resolution plan lays down the procedure for delisting entity from the exchanges.

Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account

Jun 04 2018

Vedanta Ltd said it has deposited an upfront amount of Rs 5,320 crore in the escrow account of ESL following the latter's acquisition through the insolvency process.

PNB pins hope on asset sale, IBC resolution to raise Rs 13,000 cr

Jun 01 2018

PNB plans to raise Rs 13,000 crore through stake sale in subsidiaries and recovery of bad loans by September end, an official said.

IBC not being used to full extent; CoCs need to do more: Sahoo

May 25 2018

Objective of the bankruptcy law is to resolve an insolvency and revive an asset for collective good and not to maximise value for a chosen few, Sahoo said.

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Global Markets

 

Stocks In News

 

ICICI BANK

I-T department probing acquisition of Chanda Kochhars Mumbai Residence

I-T department looking into acquisition of the residence by Deepak Kochhar

Acquisition of residence said to be linked to firms of Videocon group

Indian Express Reports

BANK OF MAHARASHTRA

3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune

Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers

Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr

IPO UPDATE

RITES IPO subscribed 0.6x on day 1

Fine organic industries IPO subscribed 0.12x on day 1

IDBI BANK

SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank

B Sriram is the longest serving PSB MD

B Sriram Has Experience In Managing Stressed Assets

INDIAN HOTELS

Wins bid for Connaught Place in Delhi

Taj Group wins 33-year lease for Connaught Hotel in E-auction

Offered to share 31.8% of annual revenue earned with civic body

INDIGO CLARIFIES

Have not received any notice from ED on FEMA violations

WELSPUN CORP

U.S. to levy tariff on Indian welded pipes

U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India

China, South Korea, & Turkey to also face duties from U.S.

U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017

U.S. International Trade Commission scheduled to make a final decision By Dec 20

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