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More live shells found at Ghaziabad factory

Rocket shells numbering about 35 were found in metal scrap in three trucks that arrived at Bhushan Steel Factory in Ghaziabad, where a bomb exploded killing 10 people on September 30. However, none......

IMG recommends cancellation of two coal blocks

The Inter-Ministerial Group on coal blocks on Saturday decided to recommend cancellation of two mines awarded to Bhushan Steel and SKS Ispat & Power, and forfeiture of bank guarantees for two other......

A lesson or two India must learn from China to arrest rupee fall

An abrupt slowdown in Chinese demand could send deflationary ripples around the world. The threat to commodity producers like Australia and Indonesia is obvious. But India, too, must beware. If......

Banks ask Bhushan to sell and lease back critical assets

A day after effectively taking charge of Bhushan Steel, lenders have delivered another punch. The bankers’ consortium, which met in New Delhi on Monday, has asked the troubled steel maker to......

Lenders want forensic audit of Bhushan Steel

A consortium of lenders headed by Punjab National Bank has decided to conduct a forensic audit of debt-laden steel maker, Bhushan Steel, and appoint three nominee directors on the company’s......

An external agency to monitor Bhushan Steel?

State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing. Ahead of the lenders' meet on Monday, some of the bankers......

Bhushan Steel to raise Rs 6,000-crore equity

Faced with a threat of lenders monitoring its operations, Bhushan Steel has decided to raise equity up to $1 billion (around Rs 6,000 crore). "The board passed a resolution on Wednesday to raise......
  Web results for Bhushan Steel
Electrosteel's slide into banks' control

In 2013, when a consortium of 27 banks and financial institutions supported Kolkata-based Electrosteel Steels' (ESL's) corporate debt restructuring... ...

http://smartinvestor.business-standard.com/market/Compnews-327089-Compnewsdet-Electrosteels_slide_into_banks_control.htm
Bank Nifty Market Trends For Today

Buy only above 8500 level, remain below that we may see more weakness, major support level will be 8300 below that level we may see fresh short... ...

http://pressreleaseping.com/bank-nifty-market-trends-today
PNB may take over firms to recover debt

Among steel companies, debt-heavy Electrosteel Steels Ltd said on Monday its lenders would restructure its loans, while Bhushan Steel is another... ...

http://www.business-standard.com/article/finance/pnb-may-take-over-firms-to-recover-debt-115072900026_1.html
Two killed in mishap in Bhusan plant

Dhenkanal: Two persons were killed when a truck ran over them while they were sleeping inside Bhushan Steel Plant in Dhenkanal on Friday. The... ...

http://pragativadi.com/state-at-large/two-killed-in-mishap-in-bhusan-plant
Fund crunch tests mettle of steel industry

The government might have stepped up efforts to bail out steel projects stuck due to paucity of funds, but as it emerges, high cost of funds is... ...

http://smartinvestor.business-standard.com/market/Marketnews-325465-Marketnewsdet-Fund_crunch_tests_mettle_of_steel_industry.htm

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