Tata Steel declared successful 'resolution applicant' to buy Bhushan Steel

Mumbai, March 24 Tata Steel on Friday said it has been declared the successful “resolution applicant” by the Committee of Creditors (CoC) of Bhushan Steel Ltd (BSL).

In a regulatory filing to the BSE, the company said the decision was subject to obtaining regulatory approvals from the National Company Law…

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PNB issued over 41,170 LoUs since 2011: Jaitley

New Delhi, March 23 The central government has said that state-owned Punjab National Bank (PNB) has issued 41,178 Letters of Undertakings (LoUs) since 2011.

“PNB has apprised that 7,672 LoUs were issued with validity of 90 days, 20,078 LoUs were issued with validity of 180 days…

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Equity indices open lower, Nifty50 slips below 10k mark

Mumbai, March 23  Key Indian equity indices on Friday opened on a subdued note following a global sell-off, with the Nifty50 of the National Stock Exchange (NSE) slipping below the 10,000-level.

At 9.16 a.m., the Nifty50 — which opened at 9,968.80 points — declined by…

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RCOM gets bond holders' approval to sell assets to Reliance Jio

Mumbai, March 22 Reliance Communications (RCOM) on Wednesday said its bond holders have approved the sale of its assets to Reliance Jio Infocomm.

The holders of the company’s $300 million bonds further approved the monetisation of other real estate assets, RCOM said in a BSE filing.

“The bond holders…

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Markets open on higher note on Thursday

Mumbai, March 22  The 30-scrip Sensitive Index (Sensex) on Thursday opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 33,206.99 points and touched a high of 33,224.10 points and a low of 33,107…

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