India

Results for India

Tata Steel Offers to Pay £520 Million Into UK Pension Scheme

Tata Steel has offered to make a one-off payment of £520m into its UK pension scheme, in its latest effort to make a clean break from its large British retirement liabilities, the Financial Times reported. The Indian steelmaker has put the offer to t ...

Daily Headline - global.abi.org - 04/19/2017 - 18:29 - 0 comments

India Sets Rules to Push Struggling Banks to Combine With Rivals

India’s banks, staggering under the world’s highest bad-asset ratio, may be pushed to wind up or combine with rivals if their capital levels fall below set ratios under new guidelines issued by the country’s central bank, Bloomberg News reported. The new ...

Daily Headline - global.abi.org - 04/13/2017 - 22:32 - 0 comments

Indian, Foreign Creditors To Be Equal Under New Insolvency Provisions

With the government recently notifying the cross-border insolvency provisions under the insolvency and bankruptcy law, claims of foreign creditors, as well as those of Indian creditors on foreign assets of the company going insolvent, could be satisfied ...

Daily Headline - global.abi.org - 04/09/2017 - 18:02 - 0 comments

Meghwal to Insolvency Regulator: Guide the Market, But Don’t Be Intrusive

The Centre is confident that the newly established institutional framework to implement the Insolvency and Bankruptcy Code (IBC) will help improve the country’s ranking in the World Bank’s ease of doing business index, The Hindu BusinessLine reported. “Y ...

Daily Headline - global.abi.org - 03/29/2017 - 21:22 - 0 comments

18 Foreign Lenders of Jindal Steel and Power Agree to $550 Million Debt Restructuring

Eighteen foreign banks, including Standard Chartered Plc., Barclays Plc. and Deutsche Bank AG, have agreed to restructure loans to the tune of $550 million given to Jindal Steel and Power Ltd (JSPL), two people aware of the development said, Livemint rep ...

Daily Headline - global.abi.org - 03/20/2017 - 22:33 - 0 comments

Nagpur-Based Gupta Coal India Files For Insolvency

Nagpur-based Gupta Coal India has filed for insolvency at the National Company Law Tribunal. The petition says there are liabilities of Rs2,580 crore towards eight major banks, the Business Standard reported. A source told this newspaper, “Allahabad ...

Daily Headline - global.abi.org - 03/14/2017 - 22:59 - 0 comments

India's Sliding Bond Risk Shows Asia Is a Haven From the Fed

The reflation trade is carving out refuges in some curious places, case in point: emerging Asian debt. Credit-default swaps on the bonds of every Asian emerging market except for South Korea have tumbled this year, outperforming debt risk for the U.K. an ...

Daily Headline - global.abi.org - 03/13/2017 - 22:07 - 0 comments

The Big Reform India Needs Most

Prime Minister Narendra Modi has reason to be wary of ambitious reforms to India’s economy, given the fraught rollout of his plan to ban 500- and 1,000-rupee notes overnight, a Bloomberg View reported. For his country to reach its true economic potential ...

Daily Headline - global.abi.org - 03/07/2017 - 22:52 - 0 comments

Tata Steel UK Closes Pension Scheme To New Accruals From March 31

Tata Steel UK on Tuesday said it would close its final salary pension scheme to accruals from March 31 as a step towards resolving the future of its British operations, Reuters reported. The fate of Tata's British businesses, including the nation� ...

Daily Headline - global.abi.org - 03/07/2017 - 22:53 - 0 comments

India's Tata Steel Says in 'Constructive Discussions' With ThyssenKrupp

Tata Steel Ltd is still in talks with Germany's ThyssenKrupp AG about a potential merger of their European steel assets, the Indian company said on Monday. The statement was in response to reports in the British media on Sunday that India's lar ...

Daily Headline - global.abi.org - 03/06/2017 - 21:37 - 0 comments

Syndicate content