The NCLT’s Kolkata bench on December 19, 2018, admitted an insolvency petition, filed by the Hinduja Group-controlled Gulf Oil Lubricants India (GOLIL), against ECL under
Month: February 2019
Essar Steel : NCLT reserves order on Ruias’ plea on veto rights over resolution plan – NEWS – The Hindu BusinessLine
The Ahmedabad Bench of the NCLT on Wednesday reserved its order on a plea filed by the Ruias, the promoters of the distressed Essar Steel.
ECB an option to resolve stressed assets – OPINION – The Hindu BusinessLine
The amended ECB framework is welcome, but there are some ambiguities that must be addressed quickly Since the Insolvency and the Bankruptcy Code was promulgated
Bafna Pharmaceuticals Ltd. -CIRP – The Hindu BusinessLine
This is in continuation of our earlier intimation dated 05th February 2019 regarding resolution plan which was approved by NCLT, Chennai vide its order dated
Stone India Ltd. – Outcome of Board Meeting – The Hindu BusinessLine
The Board of Directors of the Company at their meeting held on 14.02.20199 has taken a note on the current state of affairs of the
Flow of credit, caution listing, GST refunds a concern for exports: Industry tells govt – The Economic Times
Industry body CII also emphasised that it is critical to address issues related to trade financing, incentives and logistics, to help exporters become globally competitive.
SMEs: SMEs need greater institutional framework to boost access to credit – The Economic Times
By Girish Bhagat For about 48 million small and medium enterprises (SMEs) operating in India, continuous investment for enhancing their technology is a pre-requisite for supporting their
Farm distress worsens as credit growth stagnates, agri loan NPAs surge – The Financial Express
The Indian agriculture sector has been reeling under distress. The disconcerting condition of farmers has made them resort to practices such as protests or suicides
Banks have ₹20,000-cr exposure to IL&FS – The Hindu BusinessLine
Most banks may see one-off pain in Q4, according to experts Surabhi Banks have reported an exposure of nearly ₹20,000 crore to debt-ridden Infrastructure Leasing
‘Only 35% of farmers are covered under crop insurance’ – The Hindu BusinessLine
Tech must be used in a big way to ensure ryots get compensated quickly, says National Insurance Academy’s Srinivasan Changing rainfall patterns, droughts, flooding and
59-minute loan portal holds promise – The Hindu BusinessLine
MSMEs have taken to it, but poor loan disbursements indicate the need for its deeper integration with bank processes One of the biggest announcements for
Only six PSBs cross ‘desirable’ level of 70% provision coverage ratio – The Hindu BusinessLine
While public sector banks (PSBs) have substantially ramped up their loan-loss provisions and strengthened balance sheets in the first nine months of the current financial
CAG has allowed itself to become a ‘joke’: Chidambaram – The Economic Times
The issue of “hidden purpose” of waiving the mandatory anti-corruption clauses has also not been addressed, Chidambaram said. Dubbing the CAG report on the Rafale jet deal
India should call a truce in its trade conflict with US – The Economic Times
By Mihir Sharma U.S. and Indian officials are meeting in New Delhi today for what promises to be a tetchy summit. The trade relationship between
RCom to repay NCD holders only via NCLT – The Economic Times
The Anil Ambani-led operator, which is under a debt of about Rs 40,000 crore, filed for bankruptcy protection in a dedicated court as it’s been
Will reduce rates once marginal cost of funds comes down: SBI chief – The Economic Times
“If our marginal cost of funding comes down, then that benefit we will pass on to borrowers,” Kumar told SBINSE -0.41 % Chairman Rajnish Kumar Thursday said the
Jet Airways Q3 Result: Jet Airways posts Rs 588 crore Q3 loss, board okays debt resolution plan – The Economic Times
The recast includes conversion of lenders’ debt into shares. The draft resolution plan, which puts funding gap at Rs 8,500 crore, primarily consists of infusion
Credit Utilisation: Companies stare at cash flow problems due to new credit utilisation rules–Economic Times
A tweak in the rule of how Goods and Services Tax (GST) credit should be availed is set to create a major cash flow problem
Rural Economy: Wrong to use cash as indicator of jump in economic activity, rural economy still depressed: SBI
The note said we are in a state of “paradox” at present, where the CIC has expanded but the income velocity of money has shown
MSME: Financial hiccups of SC/ST entrepreneurs must be addressed on priority, voice industry leaders – The Economic Times
Emandi Sankara Rao, CEO, IFCI Limited, opined that besides providing funding opportunities, handholding of entrepreneurs is the need of the hour. Country’s SC/ST entrepreneurs, particularly from
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