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Wednesday
June 2018
1:09 PM IST
News Headlines
Yo-Yo effect: BCCI for fitness tests before selection        Tick, Tock: Time running out for Messi to deliver        Google announces training programme for journalists        Sensex tanks 261 pts as US-China trade spat escalates        Merkel, Macron search for reforms to halt EU 'disintegration'        S Korea, US confirm suspending military drills        Naveen Patnaik too seeks spl category status for his state        Kumaraswamy refutes reports of Cong-JDS differences on budget        Kejriwal calls off nine day sit-in        J-K govt collapses after BJP pulls out of alliance with PDP        Two-goal Kane gives England 2-1 World Cup opening victory over Tunisia in Volgograd        India's Srija stuns fancied Belgian Anna at women chess meet        FCA India launches Jeep Compass variant at Rs 17.53 lakh        Iraq force accuses US of killing 22 of its fighters in Syria        Merkel gets ultimatum from hardline ally over migrants        ED files fresh charge sheet against Mallya, prepares for fugitive tag        Rahul writes to slain scribe's father, offers condolence        India, China, Pakistan trilateral cooperation can help maintain peace: Beijing's envoy        Open to discussions: Delhi officers after CM's assurance on security        Fresh FIR filed against Nirav Modi for possessing multiple Indian passports        
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Business News
Tata Steel could pip JSW to emerge as highest bidder for Bhushan Steel
 
(Mumbai, Mar 08, 2018):Tata SteelBSE -1.98 % has been identified as the highest evaluated compliant bidder to acquire a controlling stake in debt-ridden Bhushan SteelBSE 16.26 % Limited that is undergoing corporate insolvency resolution process under the new insolvency law.

Accordingly, the advisors to the lenders as well as the resolution professional are currently in discussions with Tata Steel on the resolution plan. The next steps in the process will be as per the stipulations under the CIRP of the IBC (Insolvency and Bankruptcy Resolution Process), 2016.

Apart from Tata Steel, other players that had submitted bids for the asset were JSW Steel, as well as a group of employees in a tie-up with a private equity firm.

Bhushan Steel owes close to Rs 44,000 crore to banks.


Google announces training programme for journalists
Sensex tanks 261 pts as US-China trade spat escalates
FCA India launches Jeep Compass variant at Rs 17.53 lakh
RBI releases June '18 issue of monthly bulletin
Walmart expects to close Flipkart deal by the end of 2018
Passenger vehicle sales rise 20% in May
Cabinet approves bailout package for sugar industry
India to enter top 10 OTT video markets in 4 years: PwC
Kochhar on annual leave, not forced one: ICICI Bank
In AirAsia Case, CBI To Probe Role Of 2 Former Ministers
London police seize bitcoin worth $667,000 from hacker
PNB fraud: ED files charge sheet against Nirav Modi, associates
Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
Sohan Roy features in Top 100 Indian Business Owners by Forbes Middle East
NITI welcomes $16 bn Walmart-Flipkart deal
Bajaj Finserv offers repayment flexibility on home loan
Walmart to acquire 77% stake in Flipkart
Most Indian millennials ready to switch jobs for a pay rise: Report
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Merkel, Macron search for reforms to halt EU 'disintegration'
 Meseberg (Germany), Jun 19 (AFP) German Chancellor Angela Merkel hosted French President Emmanuel Ma
S Korea, US confirm suspending military drills
Iraq force accuses US of killing 22 of its fighters in Syria
Merkel gets ultimatum from hardline ally over migrants
NATIONAL NEWS
Naveen Patnaik too seeks spl category status for his state
 Nitish Kumar and his Andhra Pradesh counterpart N Chandrababu Naidu, Naveen Patnaik too has once aga
Kumaraswamy refutes reports of Cong-JDS differences on budget
Kejriwal calls off nine day sit-in
ED files fresh charge sheet against Mallya, prepares for fugitive tag
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