ThyssenKrupp is holding good and constructive talks with the European Commission, which has launched a deepened probe into a planned European joint venture with India’s Tata Steel, its chief executive said on...
Zee Entertainment promoters may sell up to 25% stake to a strategic partner
The promoters of Zee Entertainment Enterprises (ZEEL) are considering selling up to a 25 per cent stake to a strategic partner, according to informed sources. As part of an earlier plan, Chairman Subhash Chandra and his...
Vedanta pumps Rs 1,431 cr in Anglo American, buys Volcan’s stake
Cairn India Holdings, a subsidiary of Vedanta, bought a stake in Anglo American from Volcan Investments, a family trust of promoter Anil Agarwal. The investment was made in the December quarter, according to Vedanta’s...
Jet Airways seeks shareholder approval for converting debt into shares
Jet Airways said on Monday it would seek shareholder approval to issue new equity and convert existing debt into equity among other things at a special meeting on Feb. 21, as the beleaguered airline attempts to stay...
Bharat Airtel looks to IPO, buyouts to consolidate position in Africa
Bharti Airtel is looking to consolidate its position as the market leader or emerge as a strong number 2 in 14 African nations, where the company has a presence, via inorganic growth by going for buyouts and mergers...
Fortis plea: Supreme Court defers hearing against stake sale to February 6
The Supreme Court (SC) on Monday deferred to February 6 a hearing in Fortis Hospital’s appeal seeking modification of a December 14 order in which the top court had directed a stay on the stake sale of the...
NCLT turns down prayer for revival of Adhunik Metaliks insolvency process
National Company Law Tribunal’s (NCLT’s) Kolkata Bench has turned down a prayer from the committee of creditors (CoC) of Adhunik Metaliks to pass an interim order to revive the corporate insolvency...
Kotak Investment Advisors not keen to pick equity in Jaypee Infratech
Kotak Investment Advisors, one of the bidders for Jaypee Infratech, is now reluctant to invest in equity. The firm, which provides investment management and advisory services, has told the committee of creditors it is...
Used car mart Truebil raises $14 million in a mix of equity and debt
Mumbai-based online marketplace for pre-owned cars Truebil has raised $14 million in a mix of equity and debt. The round was led by Japanese investor Joe Hirao, founder of multi-business firm ZIGExN. Existing investors...
NCLAT defers hearing on a contempt petition against Anil Ambani
The National Company Law Appellate Tribunal (NCLAT) on Tuesday deferred the hearing on a contempt petition against Anil Ambani, moved by minority shareholders of one of his firms, Reliance Infratel, till February 25...
SBI sale of debt in Essar Steel not to stall IBC process, say sources
State Bank of India has decided to sell its loans in Essar Steel as it could see a spurt in provisioning for bad loans and erosion in capital base if the steel maker’s insolvency process gets delayed further...
CAIT urges Prabhu to probe Amazon-Witzig bid to get Aditya Birla’s retail
Traders’ body CAIT Monday urged Commerce Minister Suresh Prabhu to order a probe into Witzig-Amazon bid to acquire Aditya Birla Retail Ltd, which operates supermarket store chain ‘More’. Fair trade...
