A sharp drop in steel prices along with cheap imports and low demand is hurting the industry
Despite reporting a lower quarterly revenues for the March quarter on a sequential basis, Tata Consultancy Services (TCS) registered…
Fifteen years after Essar Steel defaulted on its $250-million floating rate notes (FRN) in July 1999…
Lenders okay Rs 1,720-crore additional funds
Seeks refinancing of R10,300 crore in loans
Air India is now struggling to meet its working capital requirements as banks are unwilling to enhance its existing line…
With accumulated losses of close to Rs 31,000 crore, Air India is looking to its rejig its balance sheet so…
Gammon Infrastructure Projects has defaulted on its loan obligations to lenders, KK Mohanty, managing director of the company…
Weighed down by borrowings of close to R38,000 crore and falling prices of steel, the Ruia-promoted Essar Steel is hoping…
The anticipated increase in debt levels could lead to telecom operators passing on the cost of such increased borrowings to…
HSBC has done well in India over the years thanks to the bouquet of services it offers across the corporate…
Bank of baroda, a third of whose loan book comes from international operations, is looking to expand its global footprint.…
January letter to bankers points out large-scale irregularities by Basmati exporter, asks them to take action.
From harbouring an ambition of creating India’s largest telecom towers firm by acquiring Reliance Communications’ (RCom) towers in 2010…
Indian shipbuilders lack both technology and financial muscle
The corporate debt restructuring (CDR) cell will take up three cases at its next meeting. The cell will consider loan…
Bankers to the highly-leveraged and loss-making Bhushan Steel have opted to lend a little over Rs 7,000 crore more…
The debt-laden ABG Shipyard plans to focus on the more lucrative defence shipbuilding orders and exit from commercial shipbuilding…
