These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
Naveen Jindal, Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), has topped the executive pay charts for listed companies in India.
Zee Business Editor Samir Ahluwalia, who along with his colleague Sudhir Chaudhary is accused in an extortion case, on Thursday filed in a Delhi court a criminal defamation complaint against Naveen Jindal, his firm Jindal Steel and Power Ltd (JSPL) and its 14 officials.
Ministers are forbidden to have any connections with businesses that are related to the work they conduct for the government.
India's resource-hungry corporations are going aggressive to acquire natural resource assets overseas.
Zee News Editor Sudhir Chaudhary on Thursday told a Delhi court that Congress MP Naveen Jindal and 16 other officials of his firm against whom he had filed a criminal defamation complaint, had levelled "false allegations" against him to tarnish his image.
A Delhi court on Wednesday took cognizance of Zee Business Editor Samir Ahluwalia's criminal defamation complaint against Naveen Jindal, his firm Jindal Steel and Power Ltd and its 14 officials.
In a significant development, a Delhi court on Thursday took cognisance of Zee News Editor Sudhir Chaudhary's criminal defamation complaint against Congress MP Naveen Jindal and 16 officials of his firm Jindal Steel and Power Ltd (JSPL).
In a new twist in its case against Zee News, Jindal Steel and Power Ltd on Thursday showed tapes -- purportedly recorded in a sting operation -- alleging that the channel tried to blackmail the company and extort Rs 100 crore for not airing stories against it on coal block allocation.
A court in Delhi on Tuesday asked the Delhi police to investigate the defamation complaint filed against Congress Member of Parliament Naveen Jindal and 16 others by Zee News editor Sudhir Chaudhary, who had alleged that false allegations were levelled against him to tarnish his image.
The decline in these was mostly due to company or sector-specific issues, say experts.
A look into the controversies the 42-year-old chairman and managing director of Jindal Steel and Power has battled in the last six months.
Naveen Jindal, Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), has topped the executive pay charts for listed companies in India.
Four companies, including India's largest private sector electricity generator Tata Power and infrastructure major Larsen & Toubro Ltd, chose not to bid for the Rs 16,000-crore ultra mega power project (UMPP) in Tilaiya in Jharkhand even as Reliance Power, Lanco Infratech and NTPC Ltd, the country's largest power producer, submitted their technical bids.
Essar Group has bid $150 million for taking over an Australian coal firm, Rocklands Richfields Ltd, bettering an earlier offer from Jindal Steel and Power Ltd.
Two traders - Jindal Steel and Power Ltd and GMR Energy Ltd - have already surrendered their licences.
The investment will be made over five years.
India Inc on Wednesday welcomed Tata Steel's acquisition of Anglo-Dutch steel maker Corus while expressing concern that the deal might re-rate the entire steel industry, making steel companies over-valued.
Steel major Jindal Steel and Power Ltd on Friday said it would invest $2.1 billion (about Rs 9,500 crore) to set up new steel plants in Bolivia for which it has reached an agreement with the Latin American nation.
Jindal Steel and Power Ltd will set up a 1000 MW (250x4 units) power plant, accorded 'mega project' status, in Raigarh entailing an investment of Rs 3,900 crore.
Jindal Steel and Power Ltd on Friday said it has won the development rights of 20 billion tonnes of iron ore reserves in Bolivia and will invest $2.3 billion over the next 10 years for mining and setting up a steel plant in the South American country
The O P Jindal Group company Jindal Steel and Power has begun talks with the State Bank of India, Punjab National Bank and Canara Bank for financing its Rs 550 crore (Rs 5.50 billion) expansion plan.
Former minister of state for coal Dasari Narayan Rao, an accused in Jharkhand's Amarkonda Murgadangal coal block allocation scam case, on Tuesday said that decisions to allocate coal blocks were taken by then Prime Minister Manmohan Singh, who was also heading the coal ministry at that time.
JSW will pay at least Rs 4,000 crore Rs 40 billlion.
The foreign agency has claimed four accounts held by the Jindals.
Court says no evidence of cartel in low bids for coal blocks.
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The award of more than 200 coal blocks to steel, cement and power companies has been at the centre of the so-called "Coalgate" scandal.
The case pertains to alleged irregularities.
While the deal would help reduce debt at Jindal Steel, it would also be a boon for State Bank of India, which has been trying to broker an agreement between the companies
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a court decision to scrap coalfields allocated to private firms since 1993.
The court said accused cannot leave India without getting its permission.
Shares in Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday.
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
The decision was taken by the ministry this week, a top Coal Ministry official said, while refusing to reveal the names of the companies.
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JSPL and Balco had emerged as the highest bidders in the recently concluded auctions.
The verdict could force steelmakers to cut output or import expensive iron ore.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
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