In other news, ONGC and RIL start discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years
US stocks end higher; Asian markets see mixed opening
US stocks rallied on Tuesday as Wall Street breathed a sigh of relief after China’s president said he would work to “open” the country’s economy, easing trade war fears.
Asian stocks were mixed in early Wednesday trade after an overnight advance in global markets as recent trade fears waned.
SBI rejects Uttam Galva’s one-time settlement offer
Debt-ridden Uttam Galva Steels Ltd said the State Bank of India (SBI) has rejected its offer for a one-time settlement of dues.
JSW Steel, AION get lenders nod for Monnet Ispat acquisition
Monnet Ispat and Energy Ltd said its lenders have approved a resolution plan submitted by a consortium of JSW Steel Ltd and AION Investments Pvt. Ltd.
Dalmia Bharat writes to RBI, lenders over Binani Cement bid
Dalmia Bharat Ltd, whose successful bid for debt-ridden Binani Cement Ltd in a bankruptcy auction is under threat from a higher bid from rival UltraTech Cement Ltd outside the bankruptcy process, wrote to the central bank and nine lenders of Binani Cement that entertaining bids outside the established bankruptcy code will flout banking conventions.
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