Soumonty Kanungo

Ecosystem in India not ready for bankruptcy law: SBI chief Arundhati Bhattacharya

SBI will not “rush” to settle its stressed accounts under the new law.

Indian govt to reduce stake in MSTC to 64%

The IPO will be a pure offer for sale.

RP-Sanjiv Goenka Group to split flagship firm CESC into four units

The diverse businesses of CESC are being split into separate entities with the aim of “unlocking value for shareholders."

India: Everstone open to invest more in portfolio firm Modern Food for product expansion

Everstone Capital concluded the takeover of Modern Food from HUL a year ago.

India: Mohun Bagan courts Shah Rukh Khan as investor as losses, debt mount

India: Mahanadi Coalfields approves $242.2m share buyback plan

Mahanadi Coalfields too has sharply raised its valuation from June last year.

Coal India units agree to buy back shares but ratchet up valuations

India: Eveready to revamp tea biz, make it a subsidiary

Currently, Eveready has two brands of packet tea: Tez and Premium Gold.

India: McNally Bharat set to get a new investor in Kolkata-based Pasari family

India: Bengal Chem divestment may turn into a real estate play

The company has a 1.65-acre property in central Mumbai.