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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

Household Debt Hits Record as Auto Loans and Credit Cards Climb

U.S. household debt reached a new record of $12.8 trillion in the second quarter, driven by rising mortgage debt, a strong quarter for auto loan originations, and an uptick in credit-card balances......»»

Category: smallbizSource: wsjAug 15th, 2017

China Steel Output Hits All Time High, Setting Stage For Escalating Trade War

While the long-term consequences of Trump's first trade war salvo launched today will become obvious only in hindsight, it may have come.....»»

Category: blogSource: zerohedgeAug 14th, 2017

Q1 results: SBI net down 20%, NPAs worsen

Farm debt waiver hits retail loan asset quality; loan demand expected to pick up later this year.....»»

Category: topSource: business-standardAug 12th, 2017

SBI net down 20%, NPAs worsen

Farm debt waiver hits retail loan asset quality; loan demand expected to pick up later this year.....»»

Category: topSource: business-standardAug 11th, 2017

Tata Steel hits 6-year high post Q1 results

The stock was up 4% at Rs 625, its highest level since April 27, 2011 on BSE......»»

Category: topSource: business-standardAug 8th, 2017

NCLT admits insolvency petition against Essar Steel

Appoints SBI nominated Satish Kumar Gupta of Alvarez & Marsal as IRP.....»»

Category: topSource: business-standardAug 2nd, 2017

EPA"s attempt to delay methane regulations hits another roadblock

President Donald Trump's Environmental Protection Agency tried to delay enforcing regulations on oil and natural gas, but that might have hit a wall......»»

Category: topSource: moneycentralAug 1st, 2017

NCLT reserves order on insolvency plea against Essar Steel

SBI, Standard Chatered Bank filed petitions, demanding the clearance of Rs 34,000-cr dues.....»»

Category: topSource: business-standardJul 26th, 2017

Gordon Johnson: Delay Of Sec. 232 Trumps US Steel"s Unexpected Earnings Beat, Justifies Sector Weakness

I.....»»

Category: blogSource: benzingaJul 26th, 2017

Metal index hits 34-month high; Hindalco, Vedanta at 52-week high

Hindalco, Jindal Steel & Power, JSW Steel and Vedanta from the metal index were up 1% to 5%.....»»

Category: topSource: business-standardJul 26th, 2017

Essar case: RBI wins but bruises remain

The Gujarat HC's decision to dismiss Essar Steel's petition came as a huge relief to RBI.....»»

Category: topSource: business-standardJul 25th, 2017

Lender"s rebuttal: Application against Essar Steel authorised under SBI Act

Ongoing hearing of insolvency proceedings against Essar Steel at NCLT bench was put off for July 26.....»»

Category: topSource: business-standardJul 25th, 2017

Essar Steel challenges SBI"s insolvency plea at NCLT"s Ahmedabad bench

Firm claims application signatory did not carry proper authorisation; hearing put off to July 25.....»»

Category: topSource: business-standardJul 24th, 2017

Bank credit growth hits 20-year low

Combined advances by listed public, PSBs up 1.7% in FY17 as public sector lenders shrink loan book.....»»

Category: topSource: business-standardJul 22nd, 2017

Essar Steel insolvency case: From RBI notice to denial of relief by Gujarat

The story so far: The Gujarat HC recently dismissed Essar Steel's plea challenging RBI's insolvency.....»»

Category: topSource: business-standardJul 20th, 2017