Binding term sheet has been signed with secured lenders of three entities -- Moradabad Bareilly Expressway Ltd, Jharkhand Road Projects and West Gujarat Expressway Ltd.
15 Jul 2019 7:45 PM

The lenders of three group entities have a debt burden of Rs 5,071 crore.

The company's scrip has been on a backfoot ever since the differences between the promoters were made public last Tuesday.
15 Jul 2019 7:35 PM

The scrip of the company had fallen 4.17 per cent to Rs 1,300 during the day on the BSE.

Market valuation of the public sector bank dipped Rs 1,357.53 crore to Rs 16,189.47 crore on the BSE.
15 Jul 2019 6:36 PM

Allahabad Bank is the second state-owned lender to report a fraud by Bhushan Power and Steel Ltd (BPSL), to the RBI.

On the traded volume front, 68.04 lakh shares were traded on the BSE and over seven crore shares on the NSE during Monday.
15 Jul 2019 6:24 PM

The company's market valuation also fell by Rs 625.96 crore to Rs 1,522.04 crore on the BSE.

JSW Steel had revised its offer from Rs 11,000 crore to Rs 18,000 crore and later to over Rs 19,000 crore, whereas Tata Steel's last offer was at Rs 17,000 crore after it had refused to revise its bid.
15 Jul 2019 3:30 PM

NCLT said that alleged fraud reports will not have any impact on the insolvency resolution process and JSW's resolution plan for BPSL.

Stock of DHFL slumped 28.10 per cent at Rs 49.20 on BSE.
15 Jul 2019 2:20 PM

DHFL reported a loss of Rs 2,223 crore for the March quarter of 2018-19 financial year.

With promoter spat intensifying at IndiGo, markets watchdog Sebi and the corporate affairs ministry have started digging deep into allegations of governance lapses and violations. (Representational Image)
15 Jul 2019 1:36 PM

The scrip declined 4.17 per cent to Rs 1,300 on the BSE.

Infosys on Friday posted better-than-expected 5.3 per cent rise in its June quarter net profit as it bagged more orders, and raised revenue growth forecast for the current fiscal to 8.5-10 per cent range.
15 Jul 2019 12:38 PM

The Infosys scrip rose by 6.15 per cent to Rs 771.85 on the BSE.

Bhushan Power & Steel could not be immediately reached for comment on the latest allegation.
15 Jul 2019 9:07 AM

Bhushan Power & Steel among the first 12 companies referred by RBI to a bankruptcy court for a debt resolution process.

The company could face strict regulatory action, including overriding of existing pacts, in case there are violations of the Act.
15 Jul 2019 1:34 AM

Gangwal has sought Sebi's intervention into corporate governance lapses at the company.

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