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RBI"s new rules on NPAs: Foreign firms" interest in auction of assets wanes

Complex legalities and short timelines push these companies away from bidding process.....»»

Category: topSource: business-standardFeb 13th, 2018

Time to see if IPL is in interest of the game of cricket: Bombay HC

The ED has alleged violations of foreign exchange rules during the 2009 edition of the Indian Premier League (IPL) held in South Africa.....»»

Category: topSource: business-standardJan 30th, 2018

Blackstone"s new insurance unit targets $100 billion in assets

Blackstone Group wants to quadruple to $100 billion the assets it manages at its new unit for insurers as it seeks to boost returns for firms struggling under low interest rates, the unit's newly appointed chief said on Monday......»»

Category: topSource: moneycentralJan 8th, 2018

Blackstone"s new insurance unit targets $100 billion in assets

(Reuters) - Blackstone Group wants to quadruple to $100 billion the assets it manages at its new unit for insurers as it seeks to boost returns for firms struggling under low interest rates, the unit's newly appointed chief said on Monday......»»

Category: topSource: reutersJan 8th, 2018

Trump Will Make It Easier For U.S. Firms To Sell Weapons to Foreign Governments

The bid to ease export rules is part of a new "Buy American" plan aiming to drum up billions of dollars in business overseas......»»

Category: topSource: newsweekJan 8th, 2018

Investors eye Nagarjuna Oil Corporation for insolvency resolution bid

Nagarjuna Oil Corporation Ltd (NOCL) has attracted interest from at least three to four strong investors including public sector firms, foreign and Indian investors out of a total of around 20 investors to bid for a resolut.....»»

Category: topSource: business-standardJan 7th, 2018

NOCL attracts 4 strong investors for resolution bid, say sources

Nagarjuna Oil Corporation Ltd (NOCL) has attracted interest from at least three to four strong investors including public sector firms, foreign and Indian investors out of a total of around 20 investors to bid for a resolut.....»»

Category: topSource: business-standardJan 7th, 2018

China issues rules for foreign investments by private firms

The government has issued rules for overseas investments by state firms and other guidelines to better control outbound capital flows.....»»

Category: topSource: business-standardDec 18th, 2017

IIFL plans to raise cash from offshore investors

There is increasing interest from foreign and domestic firms in the affordable housing segment.....»»

Category: topSource: business-standardDec 17th, 2017

US, EU, Japan to join forces to confront China on trade practices

Washington, Brussels and Tokyo have raised complaints about China's subsidies to state-owned enterprises, state financing and investment rules that often force foreign firms to transfer technologies.....»»

Category: topSource: business-standardDec 12th, 2017

Insolvency resolution: Top 5 steel firms need to pay Rs 29,000 cr to bid

Recent IBC tweak limits promoters' capacity to convert their NPAs into standard assets by paying overdues.....»»

Category: topSource: business-standardDec 6th, 2017

Insolvency Code ordinance: Promoters" loss is PEs" gain

The ordinance has barred most promoters of the defaulting firms from bidding for their assets in the bankruptcy auction.....»»

Category: topSource: business-standardNov 24th, 2017

Telcos, PE firms show interest in RCom assets

RCom has suggested its consortium of banks convert part of their loans into a 51 per cent majority equity in the truncated company.....»»

Category: topSource: business-standardNov 7th, 2017

Foreign Firms to Sell Large Stakes in Malaysian Insurers

Several foreign insurance companies are preparing to sell large stakes in their Malaysian operations to comply with central-bank rules, which could raise nearly $3 billion over the next nine months......»»

Category: asiaSource: wsjSep 19th, 2017

Court Rules Two Airwaves Bidders Can Get Another Shot

A federal appeals court ordered the FCC to give two firms affiliated with Dish Network another chance at success in an airwaves auction where the agency determined they were ineligible for crucial small-business discounts......»»

Category: smallbizSource: wsjAug 29th, 2017

China’s New Cybersecurity Law Leaves Foreign Firms Guessing

Less than half of the rules, which Beijing says fight cyberattacks and terrorism, have been set out in detail, companies said. They fear higher costs and security risks......»»

Category: dealsSource: nytMay 31st, 2017

Banks Want a Piece of the Payday-Loan Pie

Financial firms, spurred by the Trump administration’s promises to deregulate, hope to return to offering short-term, high-interest loans after being pushed out of the sector by Obama-era rules.....»»

Category: smallbizSource: wsjMay 20th, 2017

Open auction of NPAs: President clears ordinance to give more teeth to RBI

Ordinance will amend relevant Act to give RBI the right to issue directive in the interest of banks.....»»

Category: topSource: business-standardMay 5th, 2017

With Rs 6 lakh crore NPAs, banks may be asked to auction stressed assets

New framework, awaiting Presidential assent, wants cash-rich PSUs as buyers.....»»

Category: topSource: business-standardMay 5th, 2017

With Rs 6 lakh cr NPAs, PSBs may be asked to auction stressed assets

Currently, PSBs are saddled with NPAs or bad loans to the tune of a staggering Rs 6 lakh crore.....»»

Category: topSource: business-standardMay 4th, 2017

This Supreme Court Ruling Raises Global Risks For Resource Firms

Landmark decision in the U.S. Supreme Court this week. Affecting how resource firms globally might be able to respond when assets are seized in a foreign nation. Supreme Court The ruling came down in a suit brought by oil services firm Helmerich [….....»»

Category: blogSource: valuewalkMay 3rd, 2017