In a major turn of events in the DHFL resolution process, the Committee of Creditors (CoC) is likely to invite fresh bids for the bankrupt NBFC and sources say that Adani Group, Piramal Enterprises and Oaktree may bid for the entire portfolio of the company.
The lenders are likely...
Indian pharmaceuticals market (IPM) in October 2020 grew 9.6%, which is the highest in the past seven months. This growth was led by volume growth of 0.9% compared with -4% in September 2020, price growth of 5% (4.6%) and an increase in product launches at 3.7% (3.8%), says a research...
S&P Global Ratings on Thursday lowered its ratings to 'B-" on Delhi International Airport Ltd (DIAL) due to uncertainty in the company's receipt of commercial property development (CPD) income and deposits from Bharti Realty Ltd.
"Our base case no longer considers these cash-flows...
After receiving a binding offer, crisis-hit Infrastructure Leasing & Financial Services (IL&FS) has invited more expressions of interest (EoIs) for the sale of energy advisory business of IL&FS Energy Development Co Ltd (IEDCL). IL&FS and IL&FS group jointly hold 95.54% shares in...
Integrated logistics provider and part of the Coffee Day group, Sical Logistics, on Sunday said it has defaulted a sum of Rs 280.68 crore of loans taken from banks and financial institutions and interest on that.
In a regulatory filing, the city-based Sical Logistics said its total...
