“Lenders of the company in its Joint Lenders Forum (JLF) meeting, on September 22, have decided to invoke strategic debt restructuring (SDR),” says the Kolkata-based mineral and metals company.
Posts tagged MC
Visa Steel up 20%, to invoke strategic debt restructuring (23-09-2015)
Sensex, Nifty, Midcap under pressure; rupee breaches 66/$ (23-09-2015)
The rupee breached 66-mark against dollar today, continuing depreciation for the second consecutive session. The currency fell 15 paise to 66.02 a dollar.
Exposure to Amtek; see 25 bps cut by RBI: IDBI Bank (23-09-2015)
Believes Amtek is trying to provide confidence to bond holders, says Kishor Kharat MD CEO at IDBI Bank.
Glenmark Pharma eyes US biz to be strong growth driver (23-09-2015)
“The US business remains a critical growth driver and our efforts will be to maximise our presence and earnings from this market,” Glenmark Pharma Chairman MD Glenn Saldanha told shareholders at the company’s AGM here.
To fund Elitecore buyout via internal accruals: Sterlite (23-09-2015)
The funding for the Elitecore acquisition would be through internal accruals said Anand Agarwal, CEO, Sterlite Technologies.
Nifty to remain range bound between 7500 to 8100: Experts (23-09-2015)
Mayuresh Joshi of Angel Broking says that delay in corporate earnings could drive the market down further.
Oil up on falling US inventories, but Asia concerns to drag (23-09-2015)
Industry group the American Petroleum Institute reported that US crude stockpiles fell 3.7 million barrels last week, with stocks at the Cushing, Oklahoma delivery point for US crude futures alone down almost 500,000 barrels.
Asian business sentiment crumbles on China shock: Poll (23-09-2015)
The Asian Business Sentiment Index, representing the six-month outlook at 79 firms, was 60 in the September quarter from 71 in June and 66 a year prior. A reading over 50 indicates a positive view.
Sensex down over 100 pts, Nifty above 7750; Reliance gains (23-09-2015)
NTPC, MM, Hero MotoCorp, Reliance and Maruti are top gainers while Bharti, Tata Steel, Tata Motors, Vedanta and Wipro are major losers in the Sensex.
China economy to stabilise but may clock sub 7% growth: UBS (23-09-2015)
The latest jolt to hit global markets, weak Chinese PMI numbers, may be bad but investors should look out for the services data for the country before taking a view on its economic health, says Hartmut Issel of UBS.