The Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-600 million (Rs 2,500-2,735 crore). Trinity is owned by private equity investment firm Denham Capital Management.
They are snapping up ore and coal abroad, as their availability is stuck at home.
Companies write off investments, shed assets as initial projections go haywire
Indian CEOs might like to make some serious course correction.
For some, he's a bully and probable 'blackmailer' who targeted the rich and famous, especially in Bollywood, for fame, and allegedly, ransom. For others, he's finally the one brave narc who decided to do his job, no matter how powerful his quarry, observes Shekhar Gupta.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
Modi presented his Irish counterpart reproductions of a selection of historic manuscripts and papers pertaining to two Raj-era Irish officials.
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
Australian photographer Warren Richardson has won the Photo of the Year 2015 award at the 59th annual World Press Photo Contest, results of which were announced on Thursday.
NDA's energy plan powered UP win, but it's not a winner yet. Centre has claimed to have saved money by targeted coverage but critics say the system is not yet foolproof.
The Economic Survey called for improving business environment.
Sanjeev Gupta, chief of Liberty House, is being dubbed UK's new 'man of steel' after he emerged as a potential saviour of 4,000 jobs
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
The Economic Survey was tabled in the Parliament on Friday.
