Mauritius

The overall size of the Shriram Properties IPO is expected to be around ₹1,200 crore. Photo: iStock

Shriram Properties files IPO papers to raise ₹250 crore

1 min read . 25 Dec 2018

ArcelorMittal has emerged as the top bidder for acquiring Essar Steel. Photo: Reuters

ArcelorMittal sweetens bid for Essar Steel with more equity

1 min read . 23 Oct 2018

If Numetal Mauritius bows out, only ArcelorMittal and Vedanta will remain in the race to buy Essar Steel, having offered ₹42,000 crore and ₹34,000 crore, respectively, for the bankrupt steelmaker. Photo: AP

Advantage ArcelorMittal as Numetal Mauritius may not bid for Essar Steel

1 min read . 19 Oct 2018

ArcelorMittal had revised its offer to buy out Essar Steel for ₹42,000 crore, higher than Numetal Mauritius’s ₹37,000 crore and Vedanta’s ₹34,000 crore. Photo: Bloomberg

ArcelorMittal to clear $1 billion dues to bid for Essar Steel

2 min read . 18 Oct 2018

In May, ArcelorMittal was understood to have transferred ₹7,000 crore to an overseas escrow account of State Bank of India to show its commitment towards settling the unpaid dues of Uttam Galva Steels and KSS Petron. Photo: Bloomberg

ArcelorMittal offers to settle KSS Petron, Uttam Galva dues ‘at much less’

2 min read . 17 Oct 2018

Seshagiri Rao, joint managing director of JSW Steel. Photo: S. Kumar/Mint

JSW seeking legal opinion for Essar Steel solo bid

1 min read . 09 Oct 2018

Both Numetal Mauritius and ArcelorMittal are weighing various legal options, including challenging the Supreme Court’s Essar Steel verdict. Photo: AP

No swift resolution in sight for Essar Steel’s legal quagmire

2 min read . 08 Oct 2018

Walmart Inc.’s $16 billion acquisition of e-commerce giant Flipkart Online Services Pvt. Ltdthis year was the biggest-ever takeover by a foreign buyer in India. Photo: PTI

Once-in-a-lifetime deal-making spree underway in India

3 min read . 10 Sep 2018

External affairs minister Sushma Swaraj, ministers of state M.J. Akbar, Satya Pal, former Mauritius PM Anerood Jugnauth and other dignitaries at the 11th World Hindi Conference in Pailles, Mauritius, on 20 August. Photo: PTI

The role of Hindi in improving international cooperation

4 min read . 27 Aug 2018

DBS Group CEO Piyush Gupta said India is one of the six core markets for the bank and the local unit is well-capitalised with capital adequacy ratio of Rs5,000 crore.

DBS Bank to launch India subsidiary in October

1 min read . 26 Jun 2018

Reliance Communications group firm Reliance Infratel was backed by State Bank of India at NCLAT. Photo: Bloomberg

RCom unit settles dues with HSBC Daisy, withdraws NCLAT plea for asset sales

1 min read . 30 May 2018

NCLT Ahmedabad had disqualified Numetal’s bid for Essar Steel for being ineligible under Section 29 A of the Insolvency and Bankruptcy Code.

Essar Steel bidding: Numetal moves NCLAT against ineligibility order

1 min read . 11 May 2018

Petronet, promoted by four Indian state-owned firms—GAIL (India) Ltd, Bharat Petroleum Corp. Ltd, Indian Oil Corp. Ltd and Oil and Natural Gas Corp. Ltd—is exploring a similar opportunity in the Maldives. Photo: Bloomberg

LNG diplomacy: India plans to build terminals in 4 nations

3 min read . 30 Apr 2018

The NCLT order invalidates the second round of bidding for Essar Steel’s assets, held on 2 April.

NCLT puts ArcelorMittal, Numetal back in the race for Essar Steel

3 min read . 21 Apr 2018

Seshagiri Rao, joint MD and group CFO of JSW Steel. If its resolution plan for Essar Steel is approved by the committee of creditors, JSW Steel will invest in the step down subsidiary of Numetal Mauritius. Photo: S. Kumar/Mint

JSW Steel may bring in partner for Essar Steel

1 min read . 16 Apr 2018

While RCom owes a total of Rs45,000 crore to its lenders, total dues to SBI as on 28 February stood at Rs4,027 crore. Photo: Bloomberg

HSBC Daisy moves SC against NCLAT nod for Rcom asset sale to Reliance Jio

2 min read . 10 Apr 2018

Section 29 (A) of the Insolvency and Bankruptcy Code bars defaulting promoters from participating in the corporate insolvency process, and the IRP had last month disqualified bids by ArcelorMittal India and Numetal Mauritius for Essar Steel.

Numetal, Arcelor seek to cancel each other’s Essar Steel bid

4 min read . 05 Apr 2018

Only two players, ArcelorMittal and Numetal Mauritius, had submitted bids for Essar Steel on 12 February in the first round but both were rejected. Photo: AP

JSW Steel ties up with Numetal in bid to buy Essar Steel

3 min read . 02 Apr 2018

Odisha Slurry Pipeline Infrastructure is a crucial raw material supplier to Essar Steel’s plant in Odisha.

Numetal offers to buy 70% stake in Essar Steel’s raw material supplier

2 min read . 31 Mar 2018

The interim resolution professional (IRP) appointed by Essar Steel’s lenders last week disqualified bids by ArcelorMittal India and Numetal Mauritius.

NCLT Ahmedabad refuses to stay rebidding for Essar Steel

2 min read . 28 Mar 2018