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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

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

Bogged down by Rs 6,000-cr loan dues, Adhunik Metaliks to plead insolvency

Kolkata-based Adhunik Metaliks, a maker of steel with Rs 6,000 crore of loan dues, is planning to file for insolvency, say those involved in the process. A source said, "They want to restructure the company by filing for insolve.....»»

Category: topSource: business-standardJun 26th, 2017

Gujarat power plant losses: Tata, Adani, Essar stare at huge writedowns

After steel and telecom, lenders brace for NPAs in power sector.....»»

Category: topSource: business-standardJun 26th, 2017

Essar Steel eyes 25% market share in 2 yrs to follow new emission norms

Company has developed new product for automotive manufacturers in response to market requirements.....»»

Category: topSource: business-standardJun 25th, 2017

Tata Teleservices seeks loan recast

Firm wants loan tenure raised to 20 years, Rs 5,000 crore more to bridge cash flow.....»»

Category: topSource: business-standardJun 23rd, 2017

RBI expands overseeing committee membership to five for bad loan resolution

Widens mandate to vet recast for loans above Rs 500 cr.....»»

Category: topSource: business-standardJun 22nd, 2017

Tata Steel hits 52-week high on plans to sell stake in Tata Motors

The stock hit a fresh 52-week high of Rs 534, up 1%, extending its Monday's 3.4% gain on BSE.....»»

Category: topSource: business-standardJun 20th, 2017

Steel firms dominate RBI"s list of 12 defaulters

Bhushan Steel, Lanco Infratech, and Essar Steel the most indebted companies.....»»

Category: topSource: business-standardJun 16th, 2017

Bhushan, Essar Steel among 12 cos being moved to insolvency courts: Sources

Bank groups plan meetings in next two weeks to decide action.....»»

Category: topSource: business-standardJun 16th, 2017

Shipping stocks gain; Shipping Corporation hits 52-week high

GE Shipping, Mercator, Chowgule Steamship, Essar Shipping and Seamac were up 3% to 5%......»»

Category: topSource: business-standardJun 15th, 2017

Farm loan waiver: Yogi Adityanath moves in to pre-empt stir over delay

Yogi Adityanath government is moving swiftly to translate the scheme on the ground.....»»

Category: topSource: business-standardJun 12th, 2017

$13-bn worth Rosneft-Essar deal to close in June: SBI head

Rosneft has struggled to close acquisition due to delay caused by debts to Indian lenders.....»»

Category: topSource: business-standardJun 2nd, 2017

$13-bn takeover Rosneft-Essar deal to close in June: SBI head

Rosneft has struggled to close acquisition due to delay caused by debts to Indian lenders.....»»

Category: topSource: business-standardJun 2nd, 2017

Jindal, Essar, Welspun file plea for anti-dumping duty on Chinese SAW pipes

Three companies --Jindal SAW, Essar Steel and Welspun Corp --have filed a preliminary petition for anti-dumping duty on imports of submerged arc welded (SAW) pipes from China with the Directorate General of Antidumping (DGAD).The ba.....»»

Category: topSource: business-standardMay 31st, 2017

Nifty hits 9,600 for the first time ever, Sensex trades above 31,000

Tata Steel gained as much as 5.5% to Rs 513.80, it's highest since September 2014.....»»

Category: topSource: business-standardMay 26th, 2017

Iron ore hits a 2-week high, and it looks like there are further gains to come

Iron ore spot markets hit a two-week high on Friday, boosted by gains in Chinese steel prices earlier in the session. According to Meta.....»»

Category: topSource: businessinsiderMay 21st, 2017

U.S. Steel: And the Hits Keep Coming

U.S. Steel's stock has been reeling since it reported a surprise loss last month. It's falling again today after a Cowen downgrade......»»

Category: blogSource: barronsMay 10th, 2017