3 April 2019: In a major development in the IL&FS crisis, the government has of late paid up on sovereign guarantees to Asian Development Bank (ADB) and KfW, a state-run bank of Germany, people in the know of the developments… Read More ›
LIC
BS: Inter-Creditor pact a non-starter: Debtors to SC
30 March 2019: Corporates opposing the RBI’s February 12 circular on loans resolutions have submitted to the Supreme Court that the Inter-Creditor Agreement (ICA) among banks as a possible debt resolution framework has failed to take off as the relevant institutions like… Read More ›
BT: Jaypee Infratech lenders ask NBCC, Suraksha Group to sweeten takeover bids
14 March 2019: Lenders of debt-ridden Jaypee Infratech on Thursday asked state-owned NBCC Ltd and Suraksha Group to sweeten their offers for acquiring the bankruptcy-bound realty firm, sources said. NBCC, which has the backing of the government to takeover Jaypee… Read More ›
ET: Jaypee infra lenders seek clarity from NBCC on acquisition bid
2 March 2019: Lenders of crisis-hit realty developer Jaypee Infratech, in a meeting held on Friday, sought clarity from state-run NBCC on certain legalities and on its bid to acquire the company. NBCC is expected to respond to these queries… Read More ›
BS: Jaypee Infratech’s lenders to discuss NBCC, Suraksha takeover bids Friday
28 February 2019: Financial creditors and home buyers of Jaypee Infratech will meet Friday to discuss the bids submitted by state-owned NBCC and Mumbai-based Suraksha group to take over the bankruptcy-bound realty firm and complete stalled projects comprising over 20,000 housing units. A meeting… Read More ›
BQ: NBCC, Suraksha Bid To Acquire Bankruptcy-Bound Jaypee Infratech
15 February 2019: State-owned NBCC (India) Ltd. and Mumbai-based Suraksha Group have submitted bids to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida, sources said. The value of the bids could not be immediately ascertained. NBCC… Read More ›
EQUITY UPDATE 14 JULY 2012
ASIA According to Chinese Central Bank’s recent stress test, capital adequacy ratio to be maintained by the overall banking system dropped to 10.89 per cent versus 12.33 per cent. (FoxBusiness/Dow Jones Newswire) INDIA According to the Builders’ Association of India,… Read More ›
