You have to grow, and grow fast - that's the DNA of the JSW group, chairman Sajjan Jindal said as JSW Cement made its debut on the stock market mid-August. The remark captured not just the moment but also the momentum of JSW's growth story.
The national capital will have a new top-flight club of the country as Sporting Club Delhi was launched on Saturday after the rebranding of Indian Super League side Hyderabad FC.
Two O P Jindal group companies, JSW Steel and JSL Stainless, have entered into an agreement. JSL Stainless will produce coke for JSW Steel and the raw material to produce coke will be supplied by JSW.JSW Steel is promoted by Sajjan Jindal. His brother, Ratan Jindal, is managing director of JSL Stainless.
During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.
While Joon was a Congress rebel, Kadyan fought as an Independent after the BJP denied him ticket.
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
The collective wealth of the 100 richest went past $1 trillion for the first time.
Oil-to-telecom conglomerate Reliance Industries Ltd head Mukesh Ambani continues to be the richest Indian and has now broken into the world's top 10 wealthiest persons in the latest Forbes 2024 Billionaire List. Ambani, 66, is ranked 9th on the list with a wealth of $116 billion, up from $83.4 billion in the 2023 ranking, according to Forbes. Gautam Adani is the second richest Indian and is ranked at No.17 on the global list.
JSW Steel chairman Sajjan Jindal confirmed that his group is acquiring an IPL side.
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
Mukesh Ambani has reclaimed the top position on the 2023 Forbes list of India's 100 Richest with a net worth of $92 billion. The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India's richest person for the first time last year, has slipped to the second position. Adani's net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion, after a report by US short-seller Hindenburg Research in January sent his group's shares tumbling.
With the Adani and Jindal groups and Mukesh Ambani-owned Reliance Industries joining the race to buy Videocon Industries' (VIL's) assets, lenders are expecting aggressive bids for VIL's consumer durables and overseas oil assets, which are to be sold in separate auctions. The entire asset sale exercise is expected to be completed in the next six months, said a banker. A promoter entity of Naveen Jindal-owned Jindal Steel and Power has also evinced interest in the second round of bids for VIL's consumer durable business. The deadline to submit bids for VIL's assets ended on February 2.
Savitri Jindal, Asia's richest woman and the widow of the founder of steel and power conglomerate O P Jindal Group, is the richest billionaire mother with a net worth of $12.2 billion.
Zee News editor Sudhir Chaudhary on Monday moved the Delhi High Court seeking anticipatory bail in a case registered against him for telecast of a show allegedly based on forged documents against Jindal Group in connection with Coalgate.
The four women have a collective wealth of $11.3 billion and account for a little more than three per cent of the total net worth of all on the coveted list whose collective wealth amount to $346 billion.
More and more domestic companies are setting up business process outsourcing units in district headquarters, tier-III cities and non-IT clusters to save on real estate costs and stem attrition rates.
Reliance Industries Chairman Mukesh Ambani retains the title of India's richest man with personal assets of $18.9 billion.
The bail pleas of two Zee News channel editors, arrested for allegedly trying to extort Rs 100 crore from a Congress MP Naveen Jindal's group firm for not telecasting reports linking it to coal block allocation scam, were dismissed on Monday by a Delhi court.
The CBI opposed the plea seeking summoning of former prime minister Manmohan Singh and two others as additional accused in a coal scam case.
Out of the five women, only two are ranked in the top 50, with the highest ranked being Jindal Group's Savitri Jindal at 14th place ($4.9 billion).
Delhi court has issued warrants to produce two Zee News editors before it on December 8, on a plea by the police for their custody.
The Central Bureau of Investigation on Monday told the Karnataka high court that there was a prima facie case against former chief minister B S Yeddyurappa and his kin in the illegal mining case, which required their custodial interrogation.
Zee News on Tuesday demanded the immediate release of its two senior journalists arrested in an extortion case filed by Congress MP Naveen Jindal, alleging that the police action was "illegal" and "designed for something else".
Two senior journalists of Zee news channel were arrested in New Delhi on Tuesday on charges of trying to extort Rs 100 crore from Congress MP Naveen Jindal's group for not doing news reports on coal scam linking his firm.
But analysts advise against dumping, say these could recover if market conditions improve.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
As many as five women have made it to Forbes India magazine's list of the 100 richest Indians this year, including O P Jindal Group chairperson Savitri Jindal, who surpassed billionaire Anil Ambani to attain fifth position in the list.
Two Indian women including Savitri Jindal and Indu Jain have been named among the list of world's top billionaires compiled by the US magazine Forbes.
Former minister of state for coal Dasari Narayan Rao, an accused in Jharkhand's Amarkonda Murgadangal coal block allocation scam case, on Tuesday said that decisions to allocate coal blocks were taken by then Prime Minister Manmohan Singh, who was also heading the coal ministry at that time.
The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.
Special court was that Manmohan Singh took the "ultimate decision" as the then coal minister in allocation of the blocks.
As many as six women, including O P Jindal group chairperson Savitri Jindal and Biocon's Kiran Mazumdar Shaw, have made it to the Forbes' list of 100 richest Indians this year.
May opt for PE funds or debt to finance capital expenditure.
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
While the West Bengal government is still grappling with the political opposition even after announcing a rehabilitation package to the land losers of Tata Motors' project in Singur
The Tata Group and three other top business houses have joined hands with the Jharkhand government to ensure medical treatment to the state's below poverty line population.
Announcement for the Rs 4,000-crore acquisition likely today.
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