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Deadline for ACCIL's bid likely to see extension

New Delhi, March 18 -- JSW Steel Ltd has emerged as the sole bidder for Asian Colour Coated Ispat Ltd (ACCIL), forcing the lenders to consider more steps to garner a robust response for selling the as... Read More


NCLT clears Arcelor's takeover of Essar Steel

Mumbai, March 15 -- More than a decade after his first abortive bid, steel baron L.N. Mittal has moved closer to his plans to enter the Indian steel market. The National Company Law Tribunal (NCLT), A... Read More


Honda bets big on sedans to claw back India market share

New Delhi, March 15 -- Honda Cars India Ltd has taken a detour from the industrywide focus on churning out SUVs and is betting big on sedans to try and restore its lost glory in the Indian car market.... Read More


Stakeholders point to chinks in insolvency code

Mumbai, March 15 -- Now that two years have passed since the first major acquisitions under the Insolvency and Bankruptcy Code, several players-buyers, investment bankers and dissatisfied creditors-ar... Read More


Key stakeholders point to chinks in Insolvency and Bankruptcy Code

Mumbai, March 12 -- Now that two years have passed since the first major acquisitions under Insolvency and Bankruptcy Code (IBC), several players-buyers, investment bankers and dissatisfied creditors-... Read More


Tata Power unlikely to agree on lower tariffs for Prayagraj Power Generation

Mumbai, March 11 -- Tata Power Ltd will not agree to lower tariffs for its proposed acquisition of Prayagraj Power Generation Co. Ltd as suggested by the electricity regulator in Uttar Pradesh,a compa... Read More


ArcelorMittal nears India foray as NCLT clears Essar Steel takeover

Mumbai, March 9 -- More than a decade after his first abortive bid, steel baron Lakshmi Niwas Mittal moved closer to his plans to enter the Indian steel industry on Friday. Indian-born Mittal's steel ... Read More


Lakshmi Mittal closes in on India as NCLT clears ArcelorMittal's Essar Steel bid

Mumbai, March 8 -- More than a decade after his first abortive bid, steel baron Lakshmi Niwas Mittal moved closer to his plans to enter the Indian steel industry on Friday. Indian-born Mittal's steel ... Read More


Crisil slashes India's renewable energy target

New Delhi, March 4 -- India will achieve installed solar power capacity of 70GW by March 2023, ratings company Crisil said, lowering its July estimate of 79GW. The government set a target of 100GW of... Read More


For now, JSW Steel will have to solo for acquisition of Bhushan Power

Mumbai, March 4 -- JSW Steel Ltd will not be able to seek an equity partner in the initial stage of its acquisition of bankrupt Bhushan Power and Steel Ltd (BPSL), said a senior company executive. Re... Read More