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Essar Steel India

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How ArcelorMittal became an eligible bidder for Essar Steel

Sources close to the development said a significant amount of around Rs 7,000 crore had been put into the SBI account with a proposal on escrow of the deposited funds. ArcelorMittal has......

Tatas all set to become India's largest steelmaker

Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa Tata Steel seems to be closing in on Sajjan Jindal-promoted JSW......

Bankruptcy code clips ArcelorMittal's India expansion plans

In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. But the new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these......

ArcelorMittal keen to spread wings in India

ArcelorMittal may be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by the RBI for insolvency proceedings.Ishita Ayan Dutt reports. ArcelorMittal, the world's......

Why steel products will become costlier from April

JSW Steel, Tata Steel, Steel Authority of India, Bhushan Steel, Essar Steel, Jindal Steel & Power, and Rashtriya Ispat Nigam are among the top producers of the alloy in the domestic market With......
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Foreign funds lap up Essar Steel loans from banks

Hong Kong-based bond trading firm SC Lowy buys loans of BoB, Federal Bank and Jammu & Kashmir bank ...

http://www.dnaindia.com/business/report-dna-money-exclusive-foreign-funds-lap-up-essar-steel-loans-from-banks-2638847
Naveen Jindal faces additional charges

[India], July 13 (ANI): A special court of the Central Bureau of Investigation (CBI) on Friday ordered framing of additional charges against... ...

http://www.sify.com/news/coal-scam-naveen-jindal-faces-additional-charges-news-national-shnouIhbdjjgi.html
Allahabad Bank looks at Rs 5500 crore recovery in FY19

Kolkata: State-run lender Allahabad Bank is looking at a recovery of around Rs 5,500 crore in the current fiscal, an official said on Wednesday.... ...

http://www.sify.com/finance/allahabad-bank-looks-at-rs-5500-crore-recovery-in-fy19-news-bank-sg1oUReaecfgh.html
Bankruptcy code brings good news for SBI

So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel’s acquisition of Bhushan Steel. Another Rs 1,500... ...

http://www.rediff.com/money/report/bankruptcy-code-brings-good-news-for-sbi/20180611.htm
ICICI whistleblower points to a new money trail leading all the way to Mauritius

MUMBAI|NEW DELHI: Last week, Arvind Gupta, the shareholder activist who raised the red flag on questionable deals between Videocon Group and... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-bank-loan-row-anatomy-of-a-quid-pro-quo-deal/articleshow/64442643.cms

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