India’s new bankruptcy law is being bogged down by bitter court room disputes that include the likes of ArcelorMittal and the Tata Group — jeopardizing the law’s promise of time-bound resolution in a country famous for its sluggish legal system.
Within a day of leaving the Tata Group after a two-decades-plus stint, former head of Tata Power Anil Sardana joined Adani Transmissions as its new managing director and chief executive effective May 1.
Tata Petrodyne Ltd, which has put up its six oil and gas blocks for sale, is yet to find interest from buyers, two people aware of the matter said.
The Gautam Adani-led entity is redesigning its communication strategy and planning a redo of its brand image. Part of this is the recent hiring of Suhel Seth, a known name in this segment, to be brand consultant.
The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.
Tata Group-backed Resurgent Power has emerged as frontrunner to buy Jaypee Power Venturesafter lenders, who own majority shares, put it on the block, said people directly aware of the matter. Jaypee has 2,200 MW of hydro and coal-fired power generation assets, with Rs 12,000 crore in loans following the debt restructuring. Two Middle East sovereign funds — Kuwait Investment […]
Tata Group chairman N Chandrasekaran is weighing the possibility of shutting down the conglomerate’s mobile telephony vertical, Tata Teleservices Ltd
Tata Steel, India’s second-largest private steelmaker, has expressed interest in bidding for debt-ridden Essar Steel, whose lenders have filed for revival of the company under the Insolvency and Bankruptcy Code
Tata Power is planning to raise up to ₹7,000 crore via non-convertible debentures (NCD)/bonds on a private placement basis for one year.
Tata Group’s pig-iron producer Tata Metaliks, which is all set to become a full-fledged ductile pipe (DI) company, today said it will finalise a growth strategy in the next few months.