Global Steel owns 70 per cent stakes in iron ore mine in Brazil and two coal mines in Columbia and Mozambique. The company is setting up three special purpose vehicles for isolating financial and regulatory risks. Ispat will purchase the stakes in these SPVs, which are held by Global Steel. The iron ore mine has an estimated reserve of 500 million tonne while the coal mines hold reserves of 120 million tonne.
Pakistan are now on 286 points while the next four teams are within two points of each other
Global Steel Holdings, the holding company which controls the steel and associated businesses of the Ispat Group, has acquired two coal blocks in Mozambique. According to sources, the investment in the blocks would be in the region of Rs 460 crore (Rs 4.6 billion).
India on Thursday decided to write-off dues worth Rs 95.44 crore (Rs 954 million) of seven heavily indebted poor countries.
The committee would submit its report in the next two weeks.
The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).
The data, released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI), shows that 65 out of 75 countries studied significantly reduced their multidimensional poverty levels between 2000 and 2019.
India consumes around 24-25 million tonnes of pulses, but sowing trends show this year production is expected to be lower compared to last year.
Struggling to meet budget targets, the government had in the just concluded fiscal asked cash-rich PSUs to pay second interim dividend as well as undertake share buyback.
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
Ailing democracy icon Nelson Mandela's was "very critical" and "anything is imminent", the anti-apartheid leader's eldest daughter said, as South African President Jacob Zuma on Thursday cancelled a trip to Mozambique.
IOC is building a 5 million tonnes per annum LNG terminal at Ennore near Chennai which is to be completed by 2017.
Heinz Kerry grabbed headlines at the start of the convention after telling a reporter to "shove it" when he questioned her about a speech she had given.
Mutola, 31, surpassed the five indoor world titles held by Cuban long jumper Ivan Pedroso to etch her name in history.
'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.'
India is ranked 90th on a list of 146 countries in the Corruption Perceptions Index, according to Transparency International ratings. India was ranked 83rd last year.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
India cannot choose its geography and devise regional strategies to dovetail into the Western Indian Ocean hypothesis conceived in the Pentagon, argues Ambassador M K Bhadrakumar.
British Virgin Islands, Mozambique, the Netherlands, Mauritius and Singapore were the top five nations where Indian firms made investment of $9.6 billion in the last three years.
The Olympic and world champion clocked the fastest women's 800 metres of the year with a blazing run of one minute 55.55 seconds at the Madrid Grand Prix.
At some stage this fall in the quality of life will begin to hurt anybody's popularity, observes Shekhar Gupta.
Australia's skipper Meg Lanning bagged the 'Leadership Legend' award. She led her side successfully in all formats of the game.
The medal table of the 2014 Commonwealth Games in Glasgow.
Mbappe and Benzema inspire France to 2-0 win against Finland
Ethiopia ended the hopes of 2010 World Cup hosts South Africa from making next year's finals in Brazil after a dramatic round of African group stage qualifying matches on Sunday.
Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12.
External Affairs Minister Sushma Swaraj on Wednesday termed as "unfortunate, painful and surprising" the African missions statement describing the attacks on African students as "xenophobic and racial", saying the Indian response to this cannot be called inadequate by any means.
'I am not minimising either the seriousness or the complex nature of the current situation.' 'Naturally, we have to do what it takes to secure our borders.' 'We are talking to the Chinese, both through military channels and diplomatic ones.'
'In fact, they work in tandem.' 'When it comes to finding a solution, this must be predicated on honouring all agreements and understandings.' 'And not attempting to alter the status quo unilaterally.'
The aggregate value of merger and acquisition (M&A) transaction involving Indian entities was $20.8 billion last year, down 46.3 per cent over the 2012 figure, global deal tracking firm Mergermarket said.
Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.
The third Lusofonia Games, slated to be held in Goa in November, have been postponed to January due to the slow progress of infrastructure work. The Games of 'Lusophone' (Portuguese-speaking countries) will now be held from January 18 to 29, 2014.
The fall in crude prices has added to the gains.
The total wealth of India's top five billionaires, which stands at a whopping $83.7 billion, is more than the cost of 1,230 Mars Orbiter 'Mangalyaan' Missions and is more than 18 times the cost of hosting the 2016 Rio Olympics
At Rediff Labs, we analysed the data on military expenditure by Stockholm International Peace Research Institute.
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The British drugmaker said the shot, called RTS,S, is intended exclusively for use outside the European Union but will be evaluated by the European Medicines Agency in collaboration with the World Health Organisation.
The prime minister has emerged as the most widely-travelled PM compared to his predecessors.
