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PSU Banks May See Higher Profits, Must Tap Market: CEA
"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this point. The Judgement on Essar Steel provides greater clarity on the IBC. The profits of State Bank of India were boosted by the Essar Steel IBC resolution. Some of those accounts which have been fully written dow...
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Essar Steel Resolution To Boost Profitability In December Quarter: SBI Chief
Essar Steel was auctioned under the Insolvency and Bankruptcy Code to recover Rs 54,547 crore of dues of financial lenders and operational creditors.
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Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
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Supreme Court Allows ArcelorMittal, NuMetal To Bid For Essar Steel
The National Company Law Appellate Tribunal (NCLAT) had earlier ruled that NuMetal's second bid for Essar Steel was eligible, but the same by ArcelorMittal would qualify only if it cleared dues worth Rs 7,000 crore of the two firms it was previously associated with.
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Essar Steel Auction: Supreme Court to Hear ArcelorMittal's Plea Tomorrow
ArcelorMittal had yesterday moved SC challenging NCLAT order which held Numetal's Rs 37,000 crore in second-round bid for Essar Steel was valid.
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Essar Oil Posts Record 2,162 Crore Net Profit In FY 2015-16
Essar Oil has commissioned its 3,000th petrol pump in the country.
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Sensex Falls 144 Points On Selloff In Auto, Capital Goods Shares
Correction in Indian markets could may not be over yet, FII numbers have to be watched closely, says TS Harihar of HRBV Client Solutions
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Essar Oil Fuel Exports To Fall In 2018-19 As Focus Shifts To Local Sales
Fuel exports of Essar Oil will sharply drop in 2018-19 as the refiner ramps up local sales by doubling its retail network and turns some of its naphtha into profitable gasoline, its managing director said.
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Essar Power Turns Around With Rs 39 Crore Net In FY16
After entering the business two decades ago, Essar Power has finally turned around with a small profit of Rs 39 crore in 2015-16.
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Essar Oil Profit At $244 Million In FY16; Enters UK's Retail Market
Essar Oil UK controlled by the Mumbai-based Ruia family had clocked a net profit of $70 million in the previous fiscal.
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Essar Oil Sees 7-Fold Jump in Q3 Net Profit to Rs 364 Crore
Essar Oil on Tuesday reported a seven-fold jump in its third quarter net profit at Rs 364 crore on account of record refining margins.
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Essar Oil Edges Higher; Delisting Hits Technical Glitch, Says Report
Shares of Essar Oil shrugged off early weakness to hit a new 52-week high of Rs 249.80 on Tuesday. Reports said that its delisting offer, which ended yesterday, has got stuck in a technical glitch.
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Essar Oil Delisting Offer Begins, Shares Edge Higher
Essar Oil shares edged higher on Tuesday amid a delisting offer that began today. Essar Oil, India's second-biggest private refiner, has set a floor price of Rs 146.05 a share to buy out minority shareholders.
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Essar Oil Q2 Net Dips 14% to Rs 201 Crore
Essar Oil on Friday reported a 14 per cent drop in net profit at Rs 201 crore for the fiscal second quarter that ended on September 30, 2015 as its Vadinar refinery in Gujarat processed lesser crude due to a maintenance shutdown.
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Essar Ports Q2 Net up 9% to Rs 104.5 Crore
The company had clocked a net profit of Rs 96.1 crore in the year-ago period, it said in a BSE filing.
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PSU Banks May See Higher Profits, Must Tap Market: CEA
"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this point. The Judgement on Essar Steel provides greater clarity on the IBC. The profits of State Bank of India were boosted by the Essar Steel IBC resolution. Some of those accounts which have been fully written dow...
-
Essar Steel Resolution To Boost Profitability In December Quarter: SBI Chief
Essar Steel was auctioned under the Insolvency and Bankruptcy Code to recover Rs 54,547 crore of dues of financial lenders and operational creditors.
-
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
-
Supreme Court Allows ArcelorMittal, NuMetal To Bid For Essar Steel
The National Company Law Appellate Tribunal (NCLAT) had earlier ruled that NuMetal's second bid for Essar Steel was eligible, but the same by ArcelorMittal would qualify only if it cleared dues worth Rs 7,000 crore of the two firms it was previously associated with.
-
Essar Steel Auction: Supreme Court to Hear ArcelorMittal's Plea Tomorrow
ArcelorMittal had yesterday moved SC challenging NCLAT order which held Numetal's Rs 37,000 crore in second-round bid for Essar Steel was valid.
-
Essar Oil Posts Record 2,162 Crore Net Profit In FY 2015-16
Essar Oil has commissioned its 3,000th petrol pump in the country.
-
Sensex Falls 144 Points On Selloff In Auto, Capital Goods Shares
Correction in Indian markets could may not be over yet, FII numbers have to be watched closely, says TS Harihar of HRBV Client Solutions
-
Essar Oil Fuel Exports To Fall In 2018-19 As Focus Shifts To Local Sales
Fuel exports of Essar Oil will sharply drop in 2018-19 as the refiner ramps up local sales by doubling its retail network and turns some of its naphtha into profitable gasoline, its managing director said.
-
Essar Power Turns Around With Rs 39 Crore Net In FY16
After entering the business two decades ago, Essar Power has finally turned around with a small profit of Rs 39 crore in 2015-16.
-
Essar Oil Profit At $244 Million In FY16; Enters UK's Retail Market
Essar Oil UK controlled by the Mumbai-based Ruia family had clocked a net profit of $70 million in the previous fiscal.
-
Essar Oil Sees 7-Fold Jump in Q3 Net Profit to Rs 364 Crore
Essar Oil on Tuesday reported a seven-fold jump in its third quarter net profit at Rs 364 crore on account of record refining margins.
-
Essar Oil Edges Higher; Delisting Hits Technical Glitch, Says Report
Shares of Essar Oil shrugged off early weakness to hit a new 52-week high of Rs 249.80 on Tuesday. Reports said that its delisting offer, which ended yesterday, has got stuck in a technical glitch.
-
Essar Oil Delisting Offer Begins, Shares Edge Higher
Essar Oil shares edged higher on Tuesday amid a delisting offer that began today. Essar Oil, India's second-biggest private refiner, has set a floor price of Rs 146.05 a share to buy out minority shareholders.
-
Essar Oil Q2 Net Dips 14% to Rs 201 Crore
Essar Oil on Friday reported a 14 per cent drop in net profit at Rs 201 crore for the fiscal second quarter that ended on September 30, 2015 as its Vadinar refinery in Gujarat processed lesser crude due to a maintenance shutdown.
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Essar Ports Q2 Net up 9% to Rs 104.5 Crore
The company had clocked a net profit of Rs 96.1 crore in the year-ago period, it said in a BSE filing.
