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Foxconn junks $19.5 bn Vedanta chip plan

 Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal's Vedanta Ltd as the venture struggled to get a technology partner to make chips that......

Anil Agarwal-led firm's takeover of Videocon scrapped

 A bankruptcy appeals court has scrapped billionaire Anil Agarwal-led Twin Star Technologies' winning bid to take over Videocon Industries Ltd on a plea by some creditors that the money offered......

Videocon insolvency: Lenders make U-turn, want fresh bids

 After getting rapped for accepting Vedanta group's bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate......

IBC: The CURIOUS Case of Videocon

 Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018.But the dissenters suggest that the money is elsewhere, possibly......

Bad loan resolution: Is crony capitalism at play?

 One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal......

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