Why monsoon-dependent Indian economy needs climate-sensitive budgeting
Unstable coalition govt at the centre may hamper India's growth, warns Arun Jaitley
US-China trade war brings $8.7 billion bonanza for Indian exports to America
Rupee at 79 against dollar: Worsening CAD and FPI outflows from India to trigger further slide
Green Drive: MG motor announces electric vehicle launch in India by 2020
- Polio vaccine contamination: Government needs to fix drugs procurement policy for public health
- Sports merchandising: Technology boost for supply chain and on-demand manufacturing
- Weak rupee, high custom duty trigger 2% fall in vegetable oil imports in September
- Worrying! Capital expenditure is falling; a lot depends on government spending and that could weaken too
- MCA data: 63% of 17.95 lakh registered companies in India active in august
Surya Sarathi Ray
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JSW to go solo in the race to buy Essar Steel, dues’ hurdle for Numetal and ArcelorMittal
Given the Supreme Court has already outlined the way forward after hearing all the arguments under the Insolvency and Bankruptcy Code (IBC), it would appear the steelmaker must approach the apex court for permission to throw its hat in the ring.
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IL&FS crisis: Centre hastens rescue act; check details
On October 1, the government superseded the board of IL&FS and appointed a six-member board with Uday Kotak as the non-executive chairman.
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IL&FS CEO got windfall raise as losses mounted for lender
Parthasarathy stepped down on October 2, 2017, and the company that has debt in excess of Rs 116,000 crore began defaulting on loans a few months ago.
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Lenders to Era Infra to hold crucial meet today
Referred by Union Bank of India, the National Company Law Tribunal (NCLT) on May 8 ordered initiation of the corporate insolvency resolution process for Era Infra under section 7 of the IBC.
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IL&FS crisis: Action against ex-directors only after probe report
Finance and corporate affairs minister Arun Jaitley was briefed by corporate affairs secretary Injeti Srinivas on Thursday on various aspects of the IL&FS crisis.
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IL&FS risk: Leverage rose to 13, but risk panel met just once in 4 years
In a serious dereliction of duty, the risk management committee of the now bankrupt IL&FS met just once between 2015 and 2018, in July 2015, the petition filed by the ministry of corporate affairs in the Mumbai bench of the NCLT, notes.
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Road to resolution: Government supersedes IL&FS board
With the risk of contagion from the collapse of IL&FS threatening to derail the money markets, the government on Monday moved to supersede the board of the infrastructure financier.
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Monsoon woes hit highway construction in August; but 3,490 km of highways built in first 5 months of fiscal
The MoRTH data reveals that only 424 km of highways could be constructed in August, compared to 721 km in July, 826 km in June, 803 km in May and 716 km in April this year.
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MSMEs drivers of job creation – Check details of what government data shows
Units employing 10-20 people created 4.5 lakh jobs on a net basis in July, while the entire universe of larger companies produced 9.5 lakh jobs during the month.
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Tata Steel opposes move to allow Liberty bid for Bhushan Power
Tata Steel on Monday alleged that it was wrong on the part of the National Company Law Tribunal (NCLT) to allow the late bid submitted by Liberty House for Bhushan Power and Steel (BPSL).
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5-MTPA JV unit: Govt in talks with Japanese, Korean firms for steel plant
Prodded by the Prime Minister’s Office (PMO), the steel ministry has initiated talks with Japanese and Korean steel companies for setting up a 5-mtpa steel plant through a joint venture with state-run Rashtriya Ispat Nigam (RINL) in Visakhapatnam.
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Government likely to end EPFO’s regulatory functions, may form a separate entity
Government mulls vesting such a role with separate entity to avoid conflict of interest.
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Russia’s VTB Capital-backed Numetal’s second bid for bankrupt Essar Steel valid, rules NCLT
Russian firm had severed its ties with Ruia family. The tribunal asked ArcelorMittal to clear its Rs 7,000-cr dues by September 11 to become eligible.
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NCLT orders status quo on the dispute between Malvinder Singh and Shivinder Singh
NCLT on Thursday issued notices to Malvinder Singh, ex-Religare chief Sunil Godhwani and others.
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GAIL hit by government’s import sops for steel firms, input costs up by 27-46%
The government’s policy to protect steel firms from cheaper imports is hitting user industries like GAIL by jacking up input costs by 27-46%.
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Divestment of NMDC’s unit in Chhattisgarh put on hold
Nearly two years after giving the go-ahead for strategic disinvestment for NMDC’s under-construction steel plant at Nagarnar in Chhattisgarh, the Centre has put the plan in abeyance.
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Tata Sons ouster: NCLAT admits Cyrus Mistry’s plea
The National Company Law Appellate Tribunal (NCLAT) on Wednesday admitted a petition moved by ousted Tata Sons chairman Cyrus Mistry.
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Macquarie to bid for second round of TOT projects
Macquarie had offered more than what NHAI had estimated from the first tranche of nine highway projects, totalling 680 km, in March this year.
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Govt reimposes curbs on beach sand mineral exports
Exactly 20 years after it opened the door for the private sector in beach sand mining, the government has now taken away their right to export minerals on their own through a gazette notification and introduced a canalisation system.
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Battle for Bombay House: Cyrus Mistry gets partial relief from NCLAT – Here are details
Restrains Tata Sons from forcing him out but refuses to stay conversion of holding firm into a private company.
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Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders’ top pick
The Sajjan Jindal-led steelmaker has offered to pay Rs 19,350 crore to lenders of Bhushan Power against their total outstanding of Rs 47,000 crore and Rs 350 crore to the operational creditors in lieu of their admitted claims of Rs 700 crore.
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Nearing closure: JSW said to offer highest bid for Bhushan Power
JSW Steel, Tata Steel and the UK-based Liberty House are understood to have offered between Rs 17,000 crore and Rs 19,700 crore for the debt-hit Bhushan Power and Steel (BPSL).
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Cyrus Mistry case: NCLAT may pronounce interim order on August 20
Cyrus Mistry’s plea seeks an interim stay on the proposed conversion of Tata Sons into a private company from a deemed public limited firm now.
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Bid eligibility challenge: NCLAT clears the deck for Tata Steel and Vedanta
Ends all uncertainty on the success of awards relating to Bhushan Steel, Electrosteel Steels
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Tata-Mistry war: We might have to write…on how a judgment should be written, says NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Wednesday made some sharp observations on the quality of language used by the Mumbai bench of the National Company Law Tribunal (NCLT) in its over 368-page order.
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Cyrus Mistry asks NCLAT to stay Tata Sons status change
Former Tata Sons’ chairman Cyrus Mistry on Tuesday urged the National Company Law Appellate Tribunal (NCLAT) to stay the proposed conversion of Tata Sons to a private limited company from its present status as a public limited one.
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Bhushan Power: NCLAT allows bids to be filed by August 13
The insolvency process for Bhushan Power and Steel (BPSL) is interestingly poised with the Supreme Court now set to hear Tata Steel’s appeal on August 10.
