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Supreme Court Orders Arbitration in Essar Steel Dispute
The Supreme Court of India has permitted Indian Oil Corporation (IOC) and ArcelorMittal Nippon Steel India Limited (AMNSIL) to initiate arbitration proceedings to resolve their dispute related to Essar Steel India Limited (ESIL)....

Rupee Opens Tad Higher At 71.48
In Wednesday's session, rupee opened at 71.4825 versus previous session's close of 71.49. Rupee in early trade made an intra day high of 71.41. On Tuesday, rupee gained amid gains in the equities Also, there has been a case of ...
This Is Why Bank Stocks Surged In Friday's Session
Bank stocks in intra-day trade were on a rallying spree with some of the names such as SBI, PNB, Canara Bank surging upto 7%. Even private sector lenders including ICICI Bank and HDFC Bank recorded hike in market price. Corporation Bank ...
Govt To Review Insolvency And Bankruptcy Code Today
The ministry of corporate affairs will meet lending institutions today to discuss cases pertaining to distressed assets under the Insolvency and Bankruptcy Code or IBC. There shall be discussion on 52 matters of large defaulters who made it in the RBI's ...
ArcelorMittal's Subsidiary Submits Bids For Essar Steel
ArcelorMittal said that it had submitted an offer for Essar Steel, a distressed steelmaker, which is currently undergoing insolvency proceedings reports from PTI. The last date to submit the bids was on February 12, 2018. ArcelorMittal's subsidiary, ArcelorMittal India Private ...
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