NARCL may acquire Jaiprakash Associates assets for Rs 12,000 crore
The National Asset Reconstruction Company Ltd (NARCL), a government-backed entity established to address non-performing assets in India's banking sector, has...
Small finance banks growth to moderate in FY2025 amid industry headwinds: ICRA Report
Small finance banks (SFBs) have experienced robust growth in recent years, propelled by strong credit demand and an expanded range...
JSW Energy to acquire KSK Mahanadi Power for Rs 15,985 crore
JSW Energy Limited has received the Letter of Intent (LoI) for its resolution plan to acquire KSK Mahanadi Power Company...
IBBI mandates eBKray auction platform for liquidation processes
In a significant move to enhance transparency and streamline the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI)...
Consortium of three power cos acquires Karvy Data Management Services for Rs 159 crore
The consortium of Sangamam Power Projects Private Limited, Sirmour Small Hydro Power Private Limited and Sharp Ventures Private Limited has...
Metro Tyres drags Hero Electric to insolvency court over payment of Rs 1.85 crore
The New Delhi bench of the National Company Law Tribunal has admitted the insolvency petition filed by operational creditor Metro...
Insolvency proceedings begin against Sequoia-funded Redkenko Health Tech
Axis Trustee Services Limited, acting on behalf of Blacksoil Capital Private Limited and Blacksoil India Credit Fund, has successfully initiated...
RBI Dy Governor finds several lacunae in working of Committee of Creditors
Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao emphasized the need for significant improvements in the functioning of...
Hinduja Group to complete Reliance Capital acquisition by Jan 2025-end
Hinduja Group company IIHL is on the verge of completing its acquisition of debt-ridden Reliance Capital (RCAP) by the end...
Reliance Industries arm buys insolvent Karkinos Healthcare for Rs 352 crore
Reliance Strategic Business Venture Limited, a subsidiary of Mukesh Ambani-led Reliance Industries Ltd, has successfully bid for Karkinos Healthcare Pvt...