Pranav Nambiar
Banks for asset sale at Adhunik Power
Ask it to dispose of Jharkhand thermal unit
Air India gets clearance to sell Rs 350-crore properties
Over three years after Air India’s Turnaround Plan (TAP) proposed to raise Rs 5,000 crore through the sale of properties, the national carrier has finally made some headway by getting the required clearances to sell propert
Finance ministry shoots down Air India plan for Rs 10,000-cr tax-free bonds
The finance ministry has turned down a proposal by Air India to raise Rs 10,000 crore in tax-free bonds to retire its long-term working capital loans...
Lenders, Orbit Corporation in tussle over dues
Anxious about the distressed financial state of real estate players, banks are working overtime to recover their dues.
Bondholders cry foul on Castex Technologies’ FCCB move
Castex Technologies, a subsidiary of auto component major Amtek Auto, on Friday passed a resolution calling for the conversion of its $200 million foreign currency convertible bonds (FCCBs) into equity...
Bharti Airtel combines 900MHz and 2100 MHz offering for 4G fallback
Bharti Airtel is looking at Platinum 3G, a service which combines 900 MHz and 2100 MHz spectrum, as a fall back option to its 4G network.
SKS Power seeks new investors for Chhattisgarh plant
SKS Power Generation (Chhattisgarh) is in talks to bring in a new investor and raise additional debt to keep its 1,200 MW coal-based power project alive.
CDR cell case Visa Steel seeks passport in strategic investor
Visa Steel's plans to expand the capacity of the special steels unit from 0.5 mtpa to 1 mtpa if it is able to access funds from an investor.
Copper producers face risk of losing China market
Domestic copper producers, who have had to exit lucrative export markets in South East Asia and the West Asia in recent years due...
Will first look at evolved 3G circles: Himanshu Kapania, Idea Cellular
Idea Cellular is taking a measured approach to roll out 4G services, in a phased manner, starting calendar year 2016.
Lenders push sale of Surana to rival
In a deal being midwifed by a consortium of bankers led by IDBI Bank, Karnataka Power Corporation (KPCL) is close to buying out privately held power generator Surana Power (SPL).
Transstroy buys luxury cars, soon turns NPA
Transstroy, which owes banks Rs 4,300 crore, signed 3 car loan agreements for Rs 4.73 crore
Reliance Power gets 5/25 relief for two thermal projects
Reliance Group seeking loan refinance for Sasan UMPP as well
Syndicate Bank leads pool for Metro One with lowest interest
With few takers for credit in a dull business environment, Syndicate Bank has undercut other lenders to edge itself into the consortium for Reliance Infrastructure’s Mumbai Metro project and head it.
GVK Group seeks extra loans for Punjab power unit
With cost rising 43% to R4,573 cr in 2 years, debt now 74%
Tata Power: In search of a presence abroad
As Tata Power plans its next round of expansion, the company has invested in Georgia, Zambia and South Africa
Educomp’s an object lesson in how not to pay directors
The company reported a loss of Rs 1,642 crore in FY15 on revenues of Rs 518 crore
Lenders pull plug on Essar project
Tori on hold till fuel, viability issues sorted out
Lenders want Nagarjuna Oil’s NPA classified standard asset
Going by the rule of thumb for funding infrastructure projects, the exposure of bankers would be approximately Rs 12,400 crore
Bharat Petroleum readies to roll out full-fledged retail operation
With 12,500 fuel outlets where anywhere between 24 million and 36 million customers top up their tanks daily, BPCL is readying to roll out retail operation.
Steep fall in coal price stalls Tata Power-PT Bumi Resources deal
Although Tata Power struck a deal with Indonesia-based PT Bumi Resources Tbk for the sale of 30% stake in PT Arutmin Indonesia in January 2014, falling prices of coal have stalled the transaction.
ABG Cement ‘investor’ seeks non-NPA status
A prospective ‘strategic investor’ in the debt-ridden ABG Cement has indicated its willingness to acquire a stake in the firm, provided the loan account is upgraded from a non-performing asset (NPA) to a standard account.
Tata Power too plugs into 5/25 scheme, near deal for Rs 10,000-cr refinance
Tata Power is close to tying up a refinancing facility under the 5/25 scheme for Rs 10,000 crore that it borrowed to set up the loss-making Mundra ultra mega power project...
Coffee shop, museum to adorn AI’s former HQ
The iconic Air India building, mostly vacant over the last two years, has finally found occupants with Cafe Coffee Day...
Bhushan Power gets lifeline, debt recast under 5/25 scheme
Bhushan Power & Steel (BPSL) will find it easier to service its loans now that bankers have approved a refinancing of its debt.
Rajasthan SEB seeks Rs 55,000 cr new recast
Two years after the first restructuring of its debt, the Rajasthan State Electricity Board (RSEB) has asked banks to consider a second round of restructuring for a whopping Rs 55,000 crore.
Air India Express to report profit for first time in FY15
Air India Express, which operates about 175 flights a week, has 17 Boeing 737-800 aircraft in its fleet.
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