Company Overview and News

IFCI recovers Rs 280 cr from Bhushan Steel, allotted over 5.79 lakh shares

New Delhi, Infrastructure lender IFCI has recovered Rs 280.30 crore and has been allotted over 5.79 lakh equity shares of debt-ridden Bhushan Steel (BSL), which has been acquired by Tata Steel, under the insolvency process. “IFCI as one of the financial creditors to BSL had filed its claim with the resolution professional which was duly accepted. Under the resolution plan (RP) envisaging payment of Rs 35,200 crore to all the financial creditors, IFCI has since received its share of Rs 280.

SEBI zeroes in on 2 individuals in WhatsApp leak case

14h thehindubusinessline
Market regulator SEBI has zeroed in on two individuals who may have knowledge of perpetrators in the case relating to leak and circulation of sensitive financial details of a few companies and banks via WhatsApp. The two were the first to receive those messages before they were forwarded to others, a source told BusinessLine.

IFCI recovers Rs 280 cr from debt-ridden Bhushan Steel

14h thehindubusinessline
Infrastructure lender IFCI has recovered Rs 280.30 crore and has been allotted over 5.79 lakh equity shares of debt-ridden Bhushan Steel (BSL), which has been acquired by Tata Steel, under the insolvency process.

NCLAT refuses to allow second round of bidding for Bhushan Power and Steel

14h livemint
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday refused to entertain a second round of bidding for Bhushan Power and Steel Ltd, following a “suggestion” by the committee of creditors (CoC) of the debt-laden company.

Bhushan seeks 90 days extension to file results

New Delhi : Debt-ridden Bhushan Steel has sought 90 days extension to file its audited financial results for the quarter and year ended March 31, 2018. Tata Steel completed the acquisition of controlling stake of 72.65 per cent in the debt-laden firm last week. As per regulatory norms, the company is under obligation to submit its audited financial results for quarter and year ended March 31, 2018 within 60 days from the end of the financial year, that is by May 30, 2018.

Sensex builds on gains, up 187 points in early trade  

Mumbai: The BSE Sensex rose over 187 points in early trade today, extending yesterday’s rally on robust buying in IT, energy and banking stocks amid unabated purchases by domestic institutional investors. Asian shares were mixed after US President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un.

Bhushan Steel seeks 90 days extension to file March quarter results

14h livemint
New Delhi: Debt-ridden Bhushan Steel, which has been acquired by Tata Steel under the insolvency process, has sought 90 days extension to file its audited financial results for the quarter and year ended 31 March 2018.

Market Live: Sensex near day#39;s high, Midcap outperforms; Vedanta under pressure

14h moneycontrol
Market Update: The market held on to morning gains, with the Sensex rising around 150 points while the Nifty Midcap index extended rally, rising nearly 1.5 percent.

Market Update: Nifty midcap outshines, TCS hits new 52-week high; Bajaj Finserv jumps 3%

14h moneycontrol
The broader are trading on a positive note on Friday morning, with the Nifty up 47 points at 10,561 and the Sensex gaining 151 points at 34,814.

IFCI surges 10% after receiving Rs 280 cr from Bhushan Steel resolution

14h moneycontrol
Shares of IFCI advanced 10 percent intraday Friday as company received Rs 280 crore from Bhushan Steel resolution.

Investor Elliott's stake raises pressure on Thyssenkrupp CEO

14h channelnewsasia
FRANKFURT/BERLIN: Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp's leadership to revive the German industrial conglomerate's fortunes, confirming it had taken a stake of less than 3 percent.

Thyssenkrupp’s CEO under fire as activist Elliott buys stake

2018-05-23 livemint
Frankfurt: Thyssenkrupp AG’s chief Heinrich Hiesinger is facing the fight of his career as a pair of activist investors take aim at the German industrial giant.

Closing Bell: Sensex sheds 306 pts, Nifty ends below 10,500 on weaker rupee

2018-05-23 moneycontrol
Market Closing: Benchmark indices after yesterday's breather resumed selling pressure again, with the Sensex losing more than 300 points on weaker rupee and global weakness.

Market Live: Nifty extends losses, Sensex down 200 pts; HPCL, BPCL, IOC dip 4-9%

2018-05-23 moneycontrol
Earnings: Archies has reported net profit of Rs 30.6 crore in the Q4FY18 against loss of Rs 1.6 crore in the same quarter last fiscal.

Market Live: Nifty extends losses, Sensex down 100 pts; Motherson dips, Bajaj Electricals gains

2018-05-23 moneycontrol
Earnings Reaction: GVK Power share price rallied 10 percent after the company reported profit at Rs 23.1 crore in March quarter 2018 against loss of Rs 205.8 crore in March quarter 2017.

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