Sajjan Jindal, vice-chairman and managing director of JSW Steel and one of West Bengal's most valued investors, said that he would have compensated unwilling farmers with double the land 800 acres next door in return for land for the Tata Motors factory at Singur.
The country's leading steel producers have devised a new strategy to pass on rising raw material costs to the end users without raising prices. Companies are now levying raw material surcharges while keeping the base price unchanged.
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
With high investment levels fuelling much of the current GDP growth, the impact of the credit squeeze is more than a matter of academic interest.
Sushil struggled at the Jakarta Asian Games leading to questions on whether he was good enough to go any further at 36.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Large steel producers had reduced prices up to Rs 4,000 per tonne on request of Prime Minister Manmohan Singh on May 7. They had also agreed to hold the price line for the next three months. The three-month price moratorium expires in August.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
The two western states, already battling a raging pandemic, which has put their health infrastructure under severe strain, opened new fronts to tackle the fallout of the storm which is expected to make a landfall close to Mumbai on Wednesday. They are likely to be impacted most by the cyclone.
Rising interest rates are forcing companies, big and small, to either defer projects, go slow on expansions or raise money from alternative sources.
West Bengal, which has seen many violent protests against land acquisition in the country, is now set to get another exemplary rehabilitation package for land-losers. After the free shares by JSW Bengal Steel, now Bhushan Steel is going one step ahead to give free land to land-losers as a part of its rehabilitation and resettlement (R&R) package. Sources said the R&R package has been submitted to the West Bengal Industrial Development Corporation (WBIDC).
Top steel producers like SAIL, Tata Steel, JSW and Essar have decided to maintain status quo on steel prices even as the three-month price freeze ends today. Industry sources said they have decided to keep prices on hold as of now since inflation is ruling at a 13-year high of 11.98 per cent and any increase would aggravate the situation.
The month also saw Adani Power acquiring the 600-Mw Korba West thermal power plant from the Gautam Thapar-led Avantha group for Rs 4,200 crore (Rs 42 billion).
Traders blame demonetisation for subdued demand in retail segment
Indian infrastructure companies are embarking on a fund-raising spree that will give investors access to what is expected to become one of the biggest sectors on the country's stock market over the next few years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
Sports Minister Vijay Goel on Tuesday said that the government will provide all support to help dope-cleared wrestler Narsingh Yadav represent the country at the forthcoming 2016 Olympic Games in Rio de Janeiro.
The steel industry has proposed a slew of measures that will bring down prices by 12-15 per cent with immediate effect.
A proposed Rs 9,000 crore (Rs 90 billion) greenfield modernisation and expansion programme is expected to give a fresh lease of life to Iisco Steel Plant, a unit of Steel Authority of India.
Only a handful of domestic steel producers have announced their results for 2006-07, but the indications are that they will report stellar performances this financial year.
Vikas Krishan Yadav has learned from the bitterest experience that he can leave nothing to chance in the Olympic ring and it is a lesson the Indian boxer will carry with him to the Rio Games.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
Sukhdev Mahato has 2 acres in the 450-acre private land, which will be acquired for JSW Bengal Steel's 10 million tonne project. And Mahato feels blessed.
Major steel producers, including SAIL and Tata Steel, on Monday agreed to cut prices of TMT bars, galvanised steel and HR coils after the government asked them to contain prices to keep inflation under check.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Reliance Power, which is hitting the market next week with an offering of nearly Rs 12,000 crore (Rs 120 billion), will set the trend for a slew of power IPOs from other companies including Sterlite Energy (Rs 4,000-8,000 crore or Rs 40 to Rs 80 billion), JSW Energy (Rs 4,000 crore or Rs 40 billion), JP Associates (Rs 4,000 crore or Rs 40 billion) which have already announced big share offer plans.
Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names, much like the Indian Premier League has in cricket. 'It was 100% a wasted opportunity'.
BSE Midcap and BSE Smallcap indices registered an uptick of 0.06%, and 0.05%, respectively
Phogat sisters will have to explain their absence for any chance of a comeback, the Wrestling Federation of India (WFI) said
'It might not have a direct impact on the domestic steel industry but will improve India's position in the global market.'
'New Delhi and Washington are now on the same page, on dealing with growing Chinese assertiveness, across the entire Indo-Pacific region,' notes Ambassador G Parthasarathy, Chancellor, Central University of Jammu.
Neeraj is currently ranked fourth in the new rankings of the international federation.
Geeta and Babita Phogat, both Commonwealth Games medallists became household names after their life story was brought alive on the silver screen through the blockbuster 'Dangal'.
The National Anti-Doping Agency (NADA) Director General Navin Agarwal confirmed that they found two samples taken fromNarsingh Yadav positive for dope.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Mumbai's wailing wall attracts large number of suggestions to better the city.
