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).
The decline in these was mostly due to company or sector-specific issues, say experts.
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.
The more crucial point is that India Inc can't argue against transparency.
Rapping the government for its failure to timely implement the competitive bidding mechanism for allocation of coal blocks, CAG on Friday said part of the Rs 1.86 lakh crore loss could have been partially tapped had the procedure been put in place earlier.
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.
Jindal SAW, an O P Jindal Group company, is yet to receive a copy of the notice.
The Central Bureau of Investigation is likely to question Congress MP and industrialist Naveen Jindal on Friday in connection with a case of alleged cheating and criminal conspiracy in bagging Amarkonda Murgadangal coal block in Birbhum in 2008.
In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
"We have acquired Shadeed Iron & Steel (Shadeed) which has 1.5 MT Hot Briquetted Iron (HBI) facility located in Sohar, Oman. The deal is closed," JSPL Director Sushil Maroo told PTI.
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
JSW will pay at least Rs 4,000 crore Rs 40 billlion.
The $2.1 billion project is the largest investment by any Indian company in South America, apart from being the largest private investment in Bolivia.
Industry players said they were indeed seeing a serious fall in capacity usage, though some sectors were seeming to prevent further fall in the overall capacity utilisation.
An analyst who tracks investments for a Singapore-based foreign institutional investor, said, "The story doing the round in stock market circles is that companies that have been allocated coal blocks can make a lot of money by selling power at merchant rates."
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
'A lot of people -- whether farmers, students or businessmen -- think when they take a loan, that everything will go well and they will pay back.' 'Sometimes, things don't go well.'
Jindal's house was raided by the CBI on Tuesday.
Their coal block bids may be referred to CCI.
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.
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
The government has garnered Rs 2 lakh crore by auctioning 33 blocks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
The success of internal communication depends on its utilisation.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Few top honchos of India Inc did very well in 2014.
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
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