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Loan recast delay hits Essar Steel

Essar Steel's proposal was to bring in fresh equity of Rs 2,500 crore into the company.....»»

Category: topSource: business-standardJun 19th, 2017

Essar Steel wants oversight panel to vet debt recast plan

RBI should take into account Essar's improved finances, Rs 3,500-cr interest payment to banks.....»»

Category: topSource: business-standardJul 6th, 2017

Lenders want Ruias to infuse Rs 2,500 crore in Essar Steel

To agree to debt-recast plan after Essar Steel gets fresh equity from promoters.....»»

Category: topSource: business-standardMay 9th, 2017

Essar Steel faces delay in forest clearance to mine Odisha block

The govt's delay in identification of land for compensatory afforestation has put the brakes on expediting forest clearance.....»»

Category: topSource: business-standardNov 25th, 2016

Banks may seek more bids for Essar Steel loans

Banks with loan exposure of over Rs 40,000 crore to Essar Steel have received a proposal from SSG Capital to buy the debt at half the price.....»»

Category: topSource: business-standardSep 24th, 2016

Banks to meet on Essar Steel debt recast today

Essar Steel carry's Rs 40,000 crore debt as on March 31, 2016.....»»

Category: topSource: business-standardSep 6th, 2016

U.S. hits Vietnam with duties over Chinese steel

The U.S. government is slapping heavy taxes on steel imports from Vietnam, saying China is using the country as a way to dodge earlier penalties......»»

Category: topSource: cnnDec 6th, 2017

U.S. hits Vietnam with massive duties over Chinese steel

The U.S. government is slapping heavy taxes on steel imports from Vietnam, saying China is using the country as a way to dodge earlier penalties......»»

Category: marketsSource: cnnDec 6th, 2017

Modi accuses Congress of stalling national issues for political purpose

Hits out at Congress' attempt to delay Ram Temple verdict.....»»

Category: topSource: thehindubusinesslineDec 6th, 2017

News digest: Essar Steel bid, Modi"s debut at AGM, and more

From upcoming debut of PM Modi at annual general meeting to RBI positioning in rupee-dollar forwards, BS brings you up to speed with latest news.....»»

Category: topSource: business-standardDec 4th, 2017

Ruias want to pay up, bid for Essar Steel

Promoters seek clarification from banks on pending interest; Bhushan Power's Singal to follow suit.....»»

Category: topSource: business-standardDec 4th, 2017

Ruias want to pay up, retain bidder slot for Essar Steel

Promoters seek clarification from banks on pending interest; Bhushan Power's Singal to follow suit.....»»

Category: topSource: business-standardDec 4th, 2017

Bid date for stressed steel firms extended

Move to ensure more bidders for Bhushan Power, Essar.....»»

Category: topSource: business-standardDec 3rd, 2017

The Wall Street Journal: Taylor Swift’s ‘Reputation’ hits streaming services after 3-week delay

Streaming-music subscribers will finally get access to Taylor Swift’s newest album, three weeks after it went on sale, according to people familiar with the matter......»»

Category: topSource: marketwatchNov 30th, 2017

Kansai Electric, Kyushu Electric delay nuclear plant restarts for Kobe Steel checks

TOKYO (Reuters) - Two Japanese nuclear operators said on Thursday they will delay the restart of nuclear plants to check whether they have received compromised parts from Kobe Steel Ltd , which has admitted to widespread fabrication of data on products......»»

Category: topSource: reutersNov 30th, 2017

Procedural delay hits purchase of 22 Guardian drones from the US

The prospective sale would mark the first of its kind from the US to a country that is not a member of the NATO.....»»

Category: topSource: thehindubusinesslineNov 24th, 2017

Another One: Japan"s "Fake Data" Scandal Hits Mitsubishi Materials

So Kobe Steel was not an isolated incident and faking data on manufacturing quality in Japan is quite common, as other lower profile scandals at Nissan Motor and Takata.....»»

Category: blogSource: zerohedgeNov 24th, 2017

Promoters of stressed companies may challenge IBC tweak in court

Essar group, Bhushan Steel and JSW group likely to be impacted by changes.....»»

Category: topSource: business-standardNov 24th, 2017

Promoters of stressed firms may challenge IBC tweak in court

Essar group, Bhushan Steel and JSW group likely to be impacted by changes.....»»

Category: topSource: business-standardNov 23rd, 2017

IBC ordinance: Several companies say they are not "wilful defaulters"

An Essar Steel spokesperson also said the company is not a wilful defaulter.....»»

Category: topSource: business-standardNov 23rd, 2017

Naxal shadow over Essar Steel bid in Chhattisgarh

Prospective investors for Essar Steel may have to factor in the Naxal violence which has cost the company quite a bit in the past.Essar Steel, promoted by the Ruias, was among 12 companies recommended by the Reserve Bank of India fo.....»»

Category: topSource: business-standardNov 20th, 2017