Tata, JSW, ArcelorMittal to lock horns over PSUs
Robust steel demand and high prices are powering private steelmakers to vie for the public sector steel companies, which are up for sale under the Modi government's 2021-22 disinvestment plan.
essar steel
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Why ex-promoters are stuck on their bankrupt firms
Ever since India’s bankruptcy law came into being, several businessmen have sprung up with ‘eye-popping’ offers for their fallen stars at the risk of delaying the insolvency process.
ICICI Bank Q3 net surges to ₹4,146 crore
India’s top private sector lender reported a 158% year-on-year increase in profits, aided by a one-time gain from the Essar Steel resolution.
ArcelorMittal’s entry a game changer for steel industry
The re-entry of the world’s largest steel player, ArcelorMittal, into the country will not only change the dynamics of the steel industry but also bring far greater innovation.
IBC: The saviour of India’s distressed assets
How the Insolvency and Bankruptcy Code is fast turning out to be the last resort not only for bankrupt companies, but for NBFCs and even debt-laden banks.
Sajjan Jindal’s steely resolve
JSW Steel is on an expansion spree with demand expected to outstrip supply in the next 10 years.
Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
IBC’s identity crisis
It has been more than two years since India’s newest law for dealing with bankrupt companies was ratified. Yet, it remains unclear what is its purpose.
Ruias throw the kitchen sink to regain Essar Steel
With the corporate insolvency resolution process for the steelmaker entering its final leg, the company’s promoters offer to clear all dues to retain control.
ArcelorMittal is preferred bidder for Essar Steel
Battle to own the bankrupt Essar Steel enters its final leg after a year as the Committee of Creditors picks the world’s largest steelmaker as preferred bidder.
