Company Overview and News

 
Thyssenkrupp’s CEO under fire as activist Elliott buys stake

6m 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

6m 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%

57m 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

2h 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.

 
Market Update: PSU banks rally led by SBI, Andhra Bank; HPCL, BPCL fall 4%

2h moneycontrol
The market is trading on a negative note this Wednesday afternoon, with the Nifty down 21 points at 10,514 and the Sensex down 19 points at 34,631.

 
Tata Steel Vs JSW Steel: A cat-mouse race to the top

2h moneycontrol
With its acquisition of Bhushan Steel nearing completion, Tata Steel can now formally wear the crown of the largest steelmaker in India. But it's a glory that its close competitor, and now number two, JSW Steel will be eager to take back. And the Sajjan Jindal-company may well do that within weeks.

 
Market Live: Sensex, Nifty rangebound; rupee hits fresh 16-month low

3h moneycontrol
IMD on Monsoon: India Meteorological Department said it did not see possibility of El Nino this year.

 
Yes Bank recovers Rs 184 cr from Bhushan Steel resolution

3h freepressjournal.in
Mumbai, May 23 Midsize private sector lender Yes Bank today said it has recovered Rs 184 crore through the sale of the bankrupt Bhushan Steel to Tata Steel and it will result in a provision write-back of Rs 36 crore. The city-headquartered bank said it had a claim of Rs 325 crore on the Bhushan Steel account, which was the maiden account to be resolved through the Insolvency and Bankruptcy Code process last week.

 
Market Update: CNX PSU banks outperforms as SBI jumps 5%; UltraTech hits new 52-week low

5h moneycontrol
The market is trading on a negative note on Wednesday morning, with the Nifty down 37 points at 10,499 and the Sensex down 100 points at 34,550.

 
Sensex down 61 points in opening trade

5h freepressjournal.in
Mumbai: The BSE Sensex slipped almost 61 points in opening trade today on heavy selling in metals, realty energy and auto stocks amid sustained capital outflows by foreign funds.

 
Notice issued to Bhushan RP, CoC on L&T plea

6h freepressjournal.in
New Delhi : The National Company Law Appellate Tribunal on Tuesday issued notice to the resolution professional (RP) and Committee of Creditors (CoC) of Bhushan Steel over the plea filed by its operational creditor L&T. NCLAT also impleaded Tata Steel, whose bid for the debt ridden firm has been approved, as party over L&T plea seeking to recover Rs 900 crore. “Let notice be issued to CoC and RP. File their replies by May 28,” said the NCLAT bench headed by Chairman Justice S J Mukhopadhaya.

 
Tatas to raise Rs 16,500 cr to fund Bhushan acquisition

6h freepressjournal.in
New Delhi : Tata Steel on Tuesday said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel (BSL).

 
Tata Steel to raise Rs16,500 crore debt to fund Bhushan Steel acquisition

23h livemint
New Delhi:Domestic giant Tata Steel on Tuesday said it will raise Rs16,500 crore through debt instruments to fund Rs32,500 crore acquisition of Bhushan Steel Ltd (BSL).

 
Closing Bell: Sensex, Nifty end mildly higher; SBI, DRL top gainers

2018-05-22 moneycontrol
Market Closing: Benchmark indices snapped five-day losing streak, led by short covering most beaten down stocks like banks.

 
NCLAT admits L&T plea challenging Tata Steel’s resolution plan for Bhushan Steel

2018-05-22 livemint
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday agreed to hear the petition by Bhushan Steel’s operational creditor Larsen and Toubro Ltd, challenging an NCLT order on the recovery of its Rs962 crore dues from the insolvent company on priority.

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