Indian Economy & Business Analysis

The amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank announced yesterday comes more than a year after the last successful merger in the PSB space. The amalgamation involves…

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…

The tariff hike on some of the Chinese goods by US government has shown that Mr Donald Trump is serious about what he talked about during his election campaign. Even though…

Liquidation order for Lanco Infratech by National Company Law Tribunal (NCLT) seals its fate. The company which generated revenue (consolidated) of over Rs 8,000 crore just two years back would…

The Insolvency & bankruptcy code (IBC) has received unprecedented attention since its promulgation about two years back, more so, through the whole of this year. The designated courts have also…

Jaiprakash Associates (JAL) suffered two setbacks; first with The Supreme Court denying it permission to bid for its subsidiary, Jaypee Infratech, which is undergoing insolvency proceedings. The second one came…

Another important factor leading to NPA is changes in ground realities. While a project is conceived factoring in a particular scenario, it doesn’t materialize or changes drastically by the time…

Bank’s NPA which remains at over Rs 10 lakh crore for the quarter ended June 18 continues to haunt the sector. The problem is even more severe for Public Sector Banks…

After Struggling for about ten years with Corus, Tata Steel finally sold off a part of the business and started exploring a JV for the rest to reduce its losses.…

The promulgation of the Ordinance yesterday for resolution of Non Performing Assets (NPAs) is another measure to tackle the crisis gripping the banking sector. Yet, the ordinance could be another dead ball…