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1839 hectares of forest land in Odisha given to 15 industries

Posco, Essar Steel, JSPL are among the major beneficiaries.Forest land measuring 1838.79 hectares (ha) has been diverted for 15 industrial projects in Odisha between 2004 and 2013. A written reply......

Naxal activities dent businesses of India's steel companies

Essar’s business of transporting iron ore from Chhattisgarh has been cut to about half its capacity, with Naxal activities casting a shadow on these operations.About two years after Naxalites......

Funding Naxals: Essar Steel GM arrested

J S Verma, general manager of Essar Steel, was on Tuesday arrested for allegedly conspiring in funding Naxal groups in Dantewada area of Chhattisgarh. Verma is the third person to be arrested in......

Zisco to propel Essar Steel into 20-mn-tonne club

Six months after buying a majority 60 per cent stake in Zimbabwean steel company Zisco, Essar Steel is now keen to build on Zisco's foundation and ramp up the existing infrastructure.According to......

Essar to supply plates for warships

Essar Steel on Thursday said it has become the first Indian producer of steel plates approved by the government for supply to the Indian Navy for building strategic war ships."Essar Steel's plate......
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Bad loans jumped 90 per cent in the Q4 as borrowers defaulting on restructured debt

MUMBAI: The worst fears of RBI Governor Raghuram Rajan on the restructuring of bad loans look to becoming true. Banks had sought to recast dodgy... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/bad-loans-jumped-90-per-cent-in-the-q4-as-borrowers-defaulting-on-restructured-debt/articleshow/47364390.cms
CARE revises rating of Essar Steel's long-term bank facilities

SENSEX 27801.62 156.09 0.56% NIFTY 8411.45... ...

http://www.finalaya.com/News/CARE-revises-rating-of-Essar-Steels-long-term-bank-facilities-N396345.aspx
Banks fear loan default by commodity companies

MUMBAI: After infrastructure firms, it may be the turn of commodity companies to spoil Indian banks' balance sheets by defaulting on repayments of... ...

http://economictimes.indiatimes.com/news/economy/finance/banks-fear-loan-default-by-commodity-companies/articleshow/47349571.cms
Hemindra Hazari

In a chat with ET Now, market expert Hemindra Hazari shares his view on the fourth quarter results of State Bank of India (SBI). ET Now: With PNB... ...

http://economictimes.indiatimes.com/markets/stocks/recos/sbis-high-exposure-to-infrastructure-sector-poses-risks-hemindra-hazari/articleshow/47340936.cms
After Rolta downgrade, junk bond investors seek more protection

MUMBAI: Overseas investors looking to buy junk bonds of Indian companies are demanding more protection against potential default. They are seeking... ...

http://economictimes.indiatimes.com/markets/stocks/news/after-rolta-downgrade-junk-bond-investors-seek-more-protection/articleshow/47295036.cms

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