TheNewsClues
Clues by Admin • 28 Aug 2018, Tuesday
SBI the lead banker in a lenders’ consortium to Bombay Rayon Fashions Ltd, plans to sell loans of Bank of India (BoI), Allahabad Bank and Karnataka Bank to an asset reconstruction company (ARC). The consortium has decided that the ... Continue Reading
Read More at Livemint
Clues by Admin • 13 Aug 2018, Monday
Bugworks Research, a Bengaluru and Delaware-based biopharma startup, has raised a Series A round of $9 million (about Rs 62.2 crore) led by the University of Tokyo Edge Capital (UTEC). The round also saw participation from South Africa-based Acquipharma Holdings, 3one4 ... Continue Reading
Read More at The Economic Times
Clues by Admin • 3 Aug 2018, Friday
Apple’s shares hit a market cap of $1 trillion on Thursday to become the first publicly traded US company to breach the milestone mark. The tech company had reported robust June-quarter results beating market expectations and said it had ... Continue Reading
Read More at The Hindu
Clues by Admin • 8 Jun 2018, Friday
The Rs 7,000 crore bailout package for the sugar sector announced by the government earlier this week will help clear over 40% of the Rs 22,000 crore payment sugar mills owe to cane farmers, ratings agency Crisil said on Thursday. Sugar mills are ... Continue Reading
Read More at Livemint
Clues by Admin • 5 Jun 2018, Tuesday
The Cabinet Committee on Economic Affairs (CCEA) is soon expected to announce a Rs 7,000 crore bailout package for cash starved sugar mills to clear part of the Rs 22,000 crore dues to the farmers. Last month, the government had announced a ... Continue Reading
Read More at Business Today
Clues by Admin • 23 May 2018, Wednesday
Barclays Plc is exploring a potential merger with rival banks including Standard Chartered Plc. following pressure from an activist investor, Edward Bramson, who emerged as one of the largest shareholders of the lender. Barclays’ Chairman John McFarlane was at ... Continue Reading
Read More at The Financial Express
Clues by Admin • 18 May 2018, Friday
Russia’s VTB Bank led Numetal has more than doubled its bid for Essar Steel to Rs 37,000 crore in the second round bidding. The Mauritius based company disclosed the revised bid before the NCLAT and also urged the appellate ... Continue Reading
Read More at Times of India
Clues by Admin • 17 May 2018, Thursday
ArcelorMittal is likely to repay the dues of Uttam Galva and KSS Petron only if its bid for Essar Steel is recognised as the winning bid. On Tuesday, ArcelorMittal had transferred Rs 7,000 crore into a State Bank of India (SBI) ... Continue Reading
Read More at The Financial Express
Clues by Admin • 16 May 2018, Wednesday
The committee of creditors (CoC) of Essar Steel may name ArcelorMittal as the highest bidder after the latter agreed to pay up the debts owed by Uttam Galva and KSS Petron, two defaulting companies where it had held promoter stakes ... Continue Reading
Read More at Livemint
Clues by Admin • 10 May 2018, Thursday
To secure the antitrust clearance required to acquire Italian peer Ilva, ArcelorMittal has hired Bank of America-Merill Lynch to handle the sale of a number of its steel assets including its galvanized steel plant in Italy, units in Romania, Macedonia, ... Continue Reading
Read More at The Economic Times
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