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Ship And Boat Building And Repairing Global Market Report 2024: Market to Reach $390 86 Billion by 2028 from $284 22 Billion in 2023

idbi bank: IDBI Bank ropes in EY to sell ₹4,000 cr distressed debt

IDBI Bank hopes to recover about 15-18% from the portfolio sale, one of the people said. It has 631 accounts with principal loans of ₹4,000 crore. These include Daewoo Motors, Malvika Steel, Mardia Chemicals, Modi Rubbers, Precision Fasteners, Rajinder Steels, Steel Tubes of India, Surana Oil, Usha Ispat and Western India Shipyard. The distressed asset portfolio sale comes around the time when the promoters of the bank are preparing to sell a part of their stake. Life Insurance Corporation holds 49.2% of the bank, while the government owns 45%. Together, they plan to offload a 60.7% stake.

NGT directs Goa PCB to recover fine for oil spillage by Sahara s cruise vessel

The National Green Tribunal has directed the Goa State Pollution Control Board to assess and recover the cost of restoration for the environmental damage caused during the berthing of cruise ship MV Qing , belonging to the Sahara Group, and .

NGT directs Goa PCB to recover fine for oil spillage by Sahara s cruise vessel

NGT directs Goa PCB to recover fine for oil spillage by Sahara s cruise vessel
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