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Bhushan Steel News
Sensex extends losses, dips 200 points; Nifty below 10,400
Mon, Feb 19, 2018
The benchmark indices extended losses as the session progressed even as global cues remained positive with the Asian markets ticking up, joining a global recovery.
Sensex slips in red, Nifty trades below 10,500; Tata Steel top loser
Mon, Feb 19, 2018
The benchmark indices opened higher on Monday, but in minutes pared gains to slip in red even as global cues remained positive with the Asian markets ticking up, joining a global recovery.
JSW Steel bids for Bhushan Steel
Sun, Feb 04, 2018
Luxembourg-based ArcelorMittal said in a statement that it has not submitted resolution plan Bhushan steel
JSW Steel, ArcelorMittal, Tata Steel vie for Bhushan Steel
Sun, Feb 04, 2018
The last date to submit bids for Bhushan Steel, the maker of auto grade steel in India, was February 3
Piramal to join JSW, JFE Steel in bid for Bhushan Steel
Thu, Jan 25, 2018
Piramal Enterprises will join JSW Steel and its Japanese business partner JFE Steel Corp to bid for debt-laden Bhushan Steel, a source privy to the development said.
NCLT priority for insolvency: RBI partially retracts statement
Sun, Jul 09, 2017
RBI had said it has identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs of banks.
Have zero tolerance on NPAs; fight cases: Finmin to banks
Sat, Jul 08, 2017
The ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well.
Bhushan Steel fourth-quarter loss bigger than stated earlier
Thu, Jul 06, 2017
Bhushan Steel Ltd reported a March-quarter loss that was much bigger than stated earlier in its unaudited results, as the debt-laden steelmaker was hurt by higher costs.
50% provisions for IBC accounts "very reasonable": RBI's Acharya
Fri, Jun 30, 2017
Viral Acharya incharge of monetary policy making said till now, the banks have neglected the crucial aspect of provisions against the expected losses which have resulted in lack of success in earlier resolution attempts.
JSW keen to snap up stressed assets, to create $1-billion war chest
Thu, Jun 29, 2017
"We will look at all those assets which are stressed from an opportunity point of view and as long as they are value-accretive to shareholders," JSW Steel chairman and managing Director Sajjan Jindal told reporters on the sidelines of the company's annual general meeting here.
As Lanco Infratech walks towards NPA resolution; other defaulters' shares gain
Tue, Jun 20, 2017
Lanco Infratech becomes the first company to be pushed towards insolvency for its bad loans.
Shares of these 12 companies plunge as banks begin meet to resolve NPA issue
Mon, Jun 19, 2017
RBI had asked bankers to bring the identified 12 defaulters before NCLT by the end of this month.
Bhushan steel, Jaypee Groups, Videocon and Jindal Group on RBI watchlist
Tue, May 30, 2017
Bhushan steel,Jaypee Groups,Videocon,Jindal Group most heavily indebted firms across globe. RBI have asked banks to fasten the money collection process.
JSW Steel keen to snap up troubled steel cos for expansion
Sun, Mar 26, 2017
JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said.