In its first foray into the US West Coast, NRI industrialist Swraj Paul's Caparo Group on Friday opened a $40 million steel plant.
At least 16 people were killed and 11 others were injured when a massive explosion rocked the Visakhapatanam Steel Plant on Wednesday night.
The death toll in Wednesday's explosion at a steel plant here rose to 15 on Saturday with three more employees succumbing to burn injuries.
At least four workers died and two others fell seriously ill following gas leakage in the Bhusan Steel Plant at Thelkul under Rengali block in Sambalpur district. The accident occurred on Sunday night when carbon monoxide started leaking out of one of the furnaces while four electrical workers were attending to the Compact Strip Plant (CSP) in the evening shift.
The Indian government has issued an updated Standard Operating Procedure (SOP) for processing Foreign Direct Investment (FDI) applications, aiming to clear all proposals within 12 weeks, a two-week extension from the previous 10-week target, to ensure a fully paperless and transparent process.
The death toll in last week's explosion at the Visakhapatnam Steel Plant (VSP) has gone up to 17, with one of the injured officials succumbing to injuries on Wednesday.
The RusBeam 2800 is now India's largest electron-beam wire deposition 3D printer operating under vacuum. The machine was custom-built for India and is operated with software developed by Rosatom.
Six persons, including two deputy general managers, were killed and over 30 people fell ill when poisonous gas leaked in Steel Authority of India's Bhilai Plant in Durg district of Chhattisgarh on Thursday.
Tata Steel's two Dutch subsidiaries are facing a 1.4 billion lawsuit in the Netherlands alleging health and property damage caused by emissions from the company's steelmaking operations, a charge which the Indian conglomerate labelled as "unsubstantiated and speculative". In an exchange filing, Tata Steel said that environmental group Stichting Frisse Wind.nu (SFW) has served a writ of summons on Tata Steel Nederland BV and Tata Steel IJmuiden BV on December 19.
The matter has now been escalated and the ministry has written to Customs, Bureau of Indian Standards (BIS) and the Directorate of Revenue Intelligence (DRI) to investigate it thoroughly.
It's been months since Jindal returned the private land to the state government, free of cost, but not a cottah has been distributed
With 22,000 people working relentlessly to complete a Rs 17,000 crore (Rs 170 billion) makeover for IISCO Steel Plant, formerly, Indian Iron and Steel Company, the energy is palpable.
18 Indian-flagged vessels with 485 Indian seafarers still remain in the western Persian Gulf region
There is not much scope after doing a part-time or online MBA unless you are looking for a promotion or have good relevant work experience for a new job, says rediffGURU Patrick Dsouza, founder of Patrick 100.
The state government has cleared the proposal and the plant is to be set up at Bagalkot, industry sources said, adding that project details were being worked out. Initially, the plant would have a 3 mtpa capacity which would be doubled to 6 mtpa in the second phase. The proposal is to set up a pellet plant, a coke oven plant and a battery in the first phase. Essar has asked the state government to lease an iron ore mine for uninterrupted supply of the raw material.
Essar Steel said on Monday it has joined hands with two state-run Vietnamese companies for setting up a two million tonne steel plant in southern Vietnam at a cost of $527 million (about Rs 23.71 billion).
The much-delayed $12 billion Posco steel project in Odisha is set to be operational in the next few weeks and granting of mining concession to the South Korean firm was in an advanced stage of processing, Prime Minister Manmohan Singh said on Thursday.
A magisterial probe has been ordered into the incident of leakage of poisonous gas at Steel Authority of India Limited's Bhilai plant in which six people, including two deputy general managers, were killed and about 30 others injured.
Trump may strike. He may announce productive talks and extend again. He may do both at the same time. Iran will not open the Strait on someone else's terms, so no matter what happens, that problem will remain unsolved. And the IRGC will still be collecting its $2 million toll from every ship bold enough to ask permission to pass.
The company had signed a memorandum of understanding with the state government to set up the plant at an investment of Rs 30,000 crore (Rs 300 billion).
Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.
Steel major Jindal Stainless on Tuesday announced the acquisition of a cold rolling plant in Indonesia for a consideration of $32 million (about Rs 150 crore).
Alongside the power plant, Chief Minister Banerjee also laid the foundation stone for JSW Industrial Park, which will be spread over 2,000 acres with plug-and-play infrastructure.
There is positive sentiment for Tata Steel on the basis of strong domestic demand, a turnaround of European operations and moderate valuations. A combination of capacity expansion, efficiency gains, higher asset utilisation, and improved operating leverage may lead to margin expansions.
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
The sight of the Tricolour fluttering in the stands sharpens the resolve of the players. It feels as though the flag has been stitched out of the hopes and heartbeat of Indian fans.
In a significant development, the Supreme Court on Thursday recalled its controversial May 2 verdict that had ordered liquidation of Bhushan Power & Steel Limited (BPSL) while setting aside a resolution plan of JSW Steel Limited for the ailing firm. A bench comprising Chief Justice B R Gavai and Justice Satish Chandra Sharma observed that the May 2 judgment, authored by Justice Bela M Trivedi, since retired, did not "correctly consider the legal position as has been laid down in the catena of judgments".
South Korean steel giant Posco has narrowed down on Sanand (Gujarat) for setting up its steel coil unit at an investment of $20 million.
'We are expecting investment, public and private, of around Rs 40 trillion by 2029.'
The LNM group, owned by Lakshmi Mittal, will build its first steel production plant in China with an estimated investment of $100 million and plans to set up marketing, purchasing and manufacturing centres to tap the booming market.
The enduring relationship between the two countries have survived the disintegration of the erstwhile USSR in 1991, the end of the Cold War and the regime change in both countries, points out Rup Narayan Das.
Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.
Construction major L&T is gearing up to expand its footprint in the global nuclear supply chain, a senior company official has said, while calling for amendments to key legislations on the domestic front to pave the way for the entry of private players and foreign capital necessary for capacity enhancement.
'For the remaining Maoist cadres, they shall soon confront one of two outcomes: Either surrender or face neutralisation.'
'The watershed moment was June 22, 2024, when the divisional in-charge of Gadchiroli, Giridhar Tumreti, who was their senior-most commander, along with his wife, came forward to surrender before the then deputy chief minister and home minister Devendra Fadnavis.'
Pakistan has brushed aside claims by opponents of privatisation that NRI steel baron Lakshmi Mittal was behind a Russian company's takeover bid
Non-resident Indian steel baron L N Mittal's LNM group has submitted an offer for the privatisation of selected production assets of Poland's leading steel company Huta Czestochowa.
The power sector presents a puzzle. A fast-growing economy should be aligned to higher power demand but that hasn't been the case in the financial year 2026 till date (FY26TD).
Japan is expected to increase its investment target in India from the earlier 5 trillion yen ($34 billion) to almost 10 trillion yen.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances