Tata Steel plan for Bhushan

• NEW DELHI: Tata Steel, which has emerged as the highest bidder for Bhushan Steel, will pay Rs 35,200 crore in cash to the debt-laden firm's creditors and convert over Rs 27,000 crore worth of their loans into equity, the NCLT was informed on Monday. As on February 1, 2018 Bhushan Steel had a total debt of Rs 57,160 crore, senior advocate Ravi Kadam informed the principle bench of the NCLT here. PTI

Facor fate

• CALCUTTA: A committee of creditors have rejected all bids for ferrochrome maker Facor Ltd, pushing the company on the verge of liquidation. Monday was the last day to submit a resolution plan for the Odisha-based company, whose subsidiary Facor Power Ltd owes lenders over Rs 750 crore.

Paytm cash course

• NEW DELHI: Paytm Mall has raised close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore E-commerce, a move that will give the online shopping venture of Paytm more financial muscle to take on giants such as Flipkart and Amazon. PTI

Honda CEO

• MUMBAI: Honda Cars India has announced the appointment of Gaku Nakanishi as the new president and chief executive from Monday. PTI

Nasscom chief

• NEW DELHI: Nasscom on Monday said former Intel executive Debjani Ghosh has taken over as the president of the IT industry association. PTI