IL&FS Default – Analysing the Crisis
The default by IL&FS and group companies in their debt obligation signals the spread of NPA mess beyond the banking space to aggregate financial services sector. Even though the default…
Corporate Analysis – Reliance Industries
Reliance Industries Ltd (RIL), the largest private sector company in the country recorded revenue of over Rs 4.3 lakh crore and net profit of Rs 36,000 crore in FY18 (consolidated).…
The Curious Case of Essar Steel Insolvency..!
The decision of National Company Law Appellate Tribunal (NCLAT) earlier this month to accept the bid of Numetal and conditional acceptance of bid by ArcelorMittal for sale of Essar Steel…