There is no freeze on the disinvestment process of RINL, the Steel Ministry clarified on Friday. Clarifying some media reports regarding the hold on the disinvestment process of the state-owned steel maker, the...
NCLT grants 90 days extension to Future Retail for concluding insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL’s plea the Mumbai bench of the National Company...
Viacom18 completes strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global
Viacom18 on Thursday announced completion of strategic partnership with Reliance Storage Limited, Bodhi Tree Systems and Paramount Global (formerly known as ViacomCBS). Bodhi Tree Systems is backed by media tycoon James...
RBI evaluating potential bidders for majority stake in IDBI Bank: Report
The Reserve Bank of India (RBI) is currently assessing several potential bidders who have expressed interest in acquiring a majority stake in the government-owned IDBI Bank Ltd, according to three sources familiar with...
Future Retail’s creditors seek 90 days extension for concluding insolvency resolution process
Lenders of debt-ridden Future Retail Ltd (FRL) has sought an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. The resolution professional of FRL has filed an...
NTPC likely to divest 25% of green energy arm via public offer – source
India’s largest power producer NTPC Ltd is likely to divest 25% of its green energy arm through a public offering this year after shelving a plan to sell the stake to Malaysia’s Petronas, a person familiar...
Naveen Jindal’s Nalwa top bidder for McNally Bharat
Naveen Jindal-promoted Nalwa Steel and Power emerged as the highest bidder for McNally Bharat Engineering, outbidding BTL EPC (formerly Bengal Tools EPC) at an auction that ended, said two people aware of the...
Abans Holdings arm acquires PMS business of SATCO Capital Markets
SATCO Capital Markets manages about Rs 80 crore in AUM (assets under management) in SATCO Growth & Momentum Portfolio. The PMS business has delivered a 21.6% CAGR since its inception. Kaushik Dani, who is currently...
Govt to invite bids for Shipping Corporation of India in May: Report
The Indian government is set to invite financial bids for the privatisation of the Shipping Corp of India Ltd (SCI) next month. This move comes after years of delay in selling the state-run company, two government...
Manipal Hospitals closes in on KIMS Health
Manipal Hospitals, backed by Singapore state investor Temasek, is close to acquiring Kerala-based hospital chain KIMS Health for ₹3,500-4,000 crore, two people familiar with the development said. Manipal intends to buy...
Glenmark weighs sale of API business to pare debt
Glenmark Pharmaceuticals Ltd is considering selling a majority stake in Glenmark Life Sciences to pare debt, said two people familiar with the development. Kotak Mahindra Capital Co. Ltd has been hired to run the sale...
Reliance Retail, Jindal Power among 49 companies to submit EoIs for Future Retail
Debt-ridden Future Retail Ltd has released a provisional list of eligible prospective resolution applicants, which have submitted their expression of interest to submit a resolution plan. Reliance Retail, WHSmith Travel...
