Rajkanwar Sandhu takes centre fire pistol gold, Ankur Mittal excels in double trap
Vinod takes centrestage as Pramod stays away from deal; uncertainty over the latter's continuity on Ispat board.
Seeking ArcelorMittal be declared ineligible to bid for Essar Steel, the petition cited Section 29A of the Insolvency and Bankruptcy Code which bars promoters of defaulting companies from bidding for stressed assets.
GIHL had won a 10-year concession for the 1.3 million tonne Ajaokuta Steel and Nigerian Iron Ore Mining in 2005, after acquiring control of Delta Steel in 2004. However, Global Steel Holdings (formerly GIHL) in a statement today said GSHL/Global Infrastructure Nigeria has not been receiving the promised support from the Federal Government of Nigeria (FGN) as contemplated under the share purchase agreement.
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.
The UPA government has already come out with three stimulus packages in the last six months to give a fillip to the core sector, which has been hit by the global economic slowdown. It may announce another booster for the economy as part of the annual budget to be presented in July. The Congress in its manifesto for the 15th Lok Sabha polls had said it will continue to focus on the core sector and bring in new steps to stimulate demand in the economy.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
Companies attribute declining sales to the lack of demand from the automobile, real estate and consumer durables sectors, which are facing rising inventory levels that have choked cash flows.
Ispat promoters Pramod and Vinod Mittal will hold 26 per cent stake in the company.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
From wrestlers' protest to WFI elections: Timeline
Either Sanjay Kumar Singh or 2010 CWG champion Anita Sheoran will become the next WFI President.
The following is the timeline of the chain of events that led to the suspension of the Wrestling Federation of India by UWW, the sport's global governing body.
One hundred and forty nine new individuals joined the rich list club of 1,103 Indians across 122 cities who cumulatively accumulated a wealth of Rs 100 trillion. Bengaluru -based Kaivalya Vohra, 19, of grocery delivery application Zepto is the youngest self-made and the youngest rich individual, according to IIFL Wealth Hurun India Rich List 2022. The report found 1,103 Indians with a networth of Rs 1,000 crore each - an increase of 62 per cent over five years. There are 221 billionaires (Rs 100 crore networth) in India on the 2022 list - down 16 compared with last year, while 13 people born in the 1990s made it to the list, all self-made.
Delhi Chief Minister Arvind Kejriwal, who had skipped office on Monday due to ill health, is recovering well but has been advised strict bed rest for two days, a doctor treating him said on Tuesday.
Here's a look at the weekend box office
The Vinod- and Pramod Mittal-controlled Ispat Group is all set to invest around $3 billion (Rs 12,000 crore) in Bangladesh in a gamut of sectors, including gas exploration and production, power, petrochemicals and coal mining.
At a press conference, the NBCC CMD defended the move, saying it is a sacrifice that one has to make for development and they would be compensating by increasing the green cover 15 times.
The matter was mentioned before a bench of Delhi high court's acting chief justice Gita Mittal and kustice C Hari Shankar by Additional Solicitor General Tushar Mehta. The court allowed it to be listed for hearing on Wednesday.
In a bid to resolve the row between cellular and basic players, Communication and IT Minister Arun Shourie constituted on Friday a 7-member committee including Reliance's Mukesh Ambani and Bharti's Sunil Mittal
Siddle broke the news to his team mates at the Melbourne Cricket Ground on Sunday after being released from the squad for the third and final Test against New Zealand in Sydney.
As many as eight Board of Directors of the Delhi & District Cricket Association (DDCA) have signed a joint resolution for withdrawal of all powers vested with president Rajat Sharma, a move that could have far-reaching implications.
The hits and misses of the week.
Rajat Sharma beat Madan Lal by 517 votes to become the new president of Delhi and Districts Cricket Association.
The hits and misses of the week.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
The CBI filed two charge-sheets in the encounter case of Ishrat Jahan and three others.
The hits and misses of the week.
Chief Executive Officer (CEO) Ravikant Chopra, Chief Financial Officer (CFO) PC Vaish, GM, Cricket Operations, Cricket Advisory Committee (CAC) members Yashpal Sharma and Sunil Valson also took the charge on Monday after taking back their resignations.
Enjoy our fascinating series where film folk reveal what their movies taught them...
Relatives of five Indian passengers, travelling by the missing Malaysia Airlines plane, are anxiously waiting for any information about the fate of the aircraft and their loved ones.
Congress sources have said that the party is seriously considering withdrawing support to the AAP. Senior party leader Janardan Dwivedi said there was an opinion in the party that the decision to support AAP was perhaps not correct and it should have instead raised people's issues as an opposition. Renu Mittal reports.
Looking back, the Indians had rubbed their hands in delight at the variety of marquee events at home the sporting calendar of 2017 offered, and they now look forward, with optimism and anticipation, to a challenging 2018.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances