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.
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.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
The return of private investment now struggles with lack of funds and election-driven uncertainty.
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).
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.
Yogeshwar Dutt says it was not a difficult decision to quit the mat since he did it for his favourite student Bajrang Punia, who he thinks can go on to become India's first wrestler to win an Olympic gold.
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.
Bhupathi said AITA did not have the courtesy to inform him that he won't continue as captain.
Traders blame demonetisation for subdued demand in retail segment
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.
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.
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.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
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.
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.
Sushil struggled at the Jakarta Asian Games leading to questions on whether he was good enough to go any further at 36.
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
'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.
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.
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.
'It might not have a direct impact on the domestic steel industry but will improve India's position in the global market.'
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
BSE Midcap and BSE Smallcap indices registered an uptick of 0.06%, and 0.05%, respectively
Mumbai's wailing wall attracts large number of suggestions to better the city.
Phogat sisters will have to explain their absence for any chance of a comeback, the Wrestling Federation of India (WFI) said
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Nifty gained 32 points to close at 3,210.
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'.
Neeraj is currently ranked fourth in the new rankings of the international federation.
Hours after taking charge as CM, Mamata had announced returning 400 acres to 'unwilling' land-losers
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'.
The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests.
