Jet Airways’ board considered various cost cutting measures, debt reduction and funding options, including infusion of capital, monetisation of assets including the company’s stake in its loyalty programme.
JBF Industries and KKR Jupiter Advisors (KKR) inked a binding understanding, wherein KKR has agreed to buy out a 100% stake in company's subsidiary JBF Petrochemicals.
Oriental Bank of Commerce is considering to raise Rs1,000cr via qualified institutional placement on Aug 30.
Adani Power to take ~Rs3,800cr of loans out of total Rs5,800cr that its unit GMR Chhattisgarh Energy owes, media reports said.
Lanco Infratech received a liquidation order from NCLT Hyderabad, as per a media report .
SAIL to set up auto grade steel plant in joint venture with ArcelorMittal with an investment of ~Rs5,000cr. It is considering locations in three states of Gujarat, Andhra Pradesh and Maharashtra to set up the plant, according to media reports.
C and C Constructions’ JV received a construction project worth Rs266.22cr from BSCPL Infrastructure under the Bagmati flood management scheme in Bihar.
Colgate Palmolive's board has appointed Mukul Deoras as the chairman of the company, with effect from Sept. 1.
HIL has completed acquisition of of Parador Holdings GmbH, Germany after receiving all necessary regulatory approvals including anti-trust approvals from German Federal Republic.
Lenders of power companies will be allowed to initiate insolvency proceedings against power producers, which have not received an interim relief from the Allahabad High Court against the Reserve Bank of India’s stricter debt resolution framework.
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