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News digest: Karnataka results, PNB posts loss, Essar Steel bid, and more

It was clear from initial reactions in Bengaluru and Delhi that the BJP was not interested in tying up with the JD(S) to form a government at any cost.....»»

Category: topSource: business-standardMay 15th, 2018

Working "very closely" with L N Mittal on Arcelor"s future plan: Son Aditya

ArcelorMittal is in the race to acquire debt-laden Essar Steel which is undergoing insolvency proceedings.....»»

Category: topSource: business-standardMay 13th, 2018

Will be surprised if ArcelorMittal is out of Essar Steel race: LN Mittal

The Committee of Creditors on May 2 had met representatives of ArcelorMittal and Numetal regarding their eligibility for Essar Steel and a decision is awaited.....»»

Category: topSource: business-standardMay 7th, 2018

Essar Steel resolution case: Arcelor, Numetal may get 7 days to pay dues

The committee of creditors (CoC) in the Essar Steel resolution case considered giving ArcelorMittal and Numetal seven days to clear outstanding dues to become eligible......»»

Category: topSource: business-standardMay 6th, 2018

Essar lenders" meet remains inconclusive, CoC to meet on Saturday

In February, just before the first round of bidding for the steel company was opened, ArcelorMittal sold its stake in both Uttam Galva Steels and KSS to be eligible.....»»

Category: topSource: business-standardMay 2nd, 2018

Game of two: Tatas, JSW likely to corner 33% of Indian steel market

Arcelor Mittal, one of the world's largest steel players, has nothing in India. It has sold its stake in Uttam Galva.....»»

Category: topSource: business-standardMay 1st, 2018

Lenders likely to reject ArcelorMittal"s conditional offer for Essar Steel

ArcelorMittal is ready to pay Uttam Galva's debt. The company held a 29% stake in the steel company.....»»

Category: topSource: business-standardMay 1st, 2018

Essar Steel lenders to give time to bidders to cure ineligibility

ArcelorMittal may have to clear outstanding dues totalling Rs 70 billion, if it wishes lay its claim as an eligible bidder.....»»

Category: topSource: business-standardApr 27th, 2018

Essar Steel: Numetal moves NCLAT ahead of bankers" meet on Friday

According to media reports, ArcelorMittal had quoted higher than Numetal, which still is below the fair value as it quotes only 40% of Rs 450 bn due to them from Essar Steel.....»»

Category: topSource: business-standardApr 26th, 2018

Battle for Essar Steel: Numetal may move tribunal ahead of lenders" meet

Legal sources close to Numetal said if the bids were rejected on commercial terms then the 30-day cure period could be circumvented.....»»

Category: topSource: business-standardApr 25th, 2018

Battle for Essar Steel: Numetal may move NCLAT ahead of lenders" meet

Legal sources close to Numetal said if the bids were rejected on commercial terms then the 30-day cure period could be circumvented.....»»

Category: topSource: business-standardApr 25th, 2018

Amtek Auto sells its SMI JV stake to Nippon Steel, Sumitomo Metal Corp

Amtek Auto is one of the 12 large insolvency cases which are undergoing insolvency resolution process with NCLT.....»»

Category: topSource: business-standardApr 18th, 2018

Pivotal"s Brian Wieser Sees More Trouble Ahead For Facebook

It’s been a difficult year for Facebook, Inc. (NASDAQ: FB) investors, and one analyst says two recent developments suggest Facebook isn’t nearly out of the woods just yet. Latest Ratings for FB Dat.....»»

Category: blogSource: benzingaAug 17th, 2018

The Fed: Fed’s Powell may use Jackson Hole speech to discuss potential trouble ahead

Fed Chairman Jerome Powell may use his Jackson Hole speech to talk about strategy for the next downturn.....»»

Category: topSource: marketwatchAug 17th, 2018

I"ve used the iPhone 8 and the iPhone X — and the winner is clear

Hollis Johnson Apple now sells three premium iPhone models for the first time in the product's history. So which should you buy? The iPhone 8? The 8 Plus? The X? I've used all three models e.....»»

Category: topSource: businessinsiderAug 16th, 2018

Zum Bar-maker Indigo Wild sells majority stake to PE firm

Kansas City's Indigo Wild, which has built an unwavering following with its organic and natural products for the home and body, has sold a majority stake to private equity firm Hammond Kennedy Whitney & Co. Inc. (HKW). Financial details of the deal, whic.....»»

Category: topSource: bizjournalsAug 16th, 2018

Turkish lira firms against dollar ahead of Albayrak presentation

The Turkish lira rallied 3 percent on Thursday ahead of a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel tariffs on Turkey even if it frees a U.S. pastor......»»

Category: topSource: reutersAug 16th, 2018

Hong Kong: HANG SENG INDEX (.HSI) More trouble lies ahead

Hong Kong: HANG SENG INDEX (.HSI) More trouble lies ahead tocks in Hong Kong extended losses in morning trade after opening lower. At midday, the benchmark Hang Seng Index tumbled 1.52 percent, or 422.29 poi.....»»

Category: topSource: livetradingnewsAug 15th, 2018

Corona Brewer Invests $4 Billion in Cannabis Startup

Alcoholic beverage maker Constellation Brands is expanding its stake in Ontario-based Canopy Growth in a bid to get ahead of the fast-growing cannabis market......»»

Category: smallbizSource: wsjAug 15th, 2018

Constellation Raises Stake in Cannabis Company

Alcoholic beverage maker Constellation Brands said it would expand its stake in cannabis company Canopy Growth in a bid to get ahead of the fast-growing cannabis market......»»

Category: smallbizSource: wsjAug 15th, 2018