The Jindal group has not given any commitment to the West Bengal government on giving equity or employment to people who provide land for a 10-million tonne steel plant it is setting up at Salboni
The automobile companies, say analysts, would take the maximum hit as the hike in the loan rates could soak up the demand for cars and commercial vehicles and pull the growth rates down.
JSW Steel, a part of the $4 billion OP Jindal group, is looking at acquiring a small value-added facility in Western Europe for around $2 million.
Jindal Group chairman O P Jindal, who died in a helicopter crash near Gango in Uttar Pradesh's Saharanpur district on Thursday, was a visionary and a man of rare business acumen.
This will help expedite private sector power projects, said sources.
In a restructuring mould, O P Jindal group company, Jindal Strips Ltd is planning to hive off its subsidiaries Jindal Holdings, Jindal steel and Alloy and Jindal Stainless (Mauritius) as separate companies.
Jindal Strips is believed to have struck a deal with the overseas private investors for picking up about 10% equity by acquiring its $15 million foreign currency convertible bonds listed at the Luxembourg Stock Exchange.
The O P Jindal Group company Jindal Steel and Power has begun talks with the State Bank of India, Punjab National Bank and Canara Bank for financing its Rs 550 crore (Rs 5.50 billion) expansion plan.
Former coal secretary H C Gupta and six others were on Tuesday granted bail by a special court New Delhi in connection with a case related to alleged irregularities in the allocation of a Chhattisgarh-based coal block to SKS Ispat and Power Ltd. All the seven accused persons were granted the bail on a personal bond of Rs 1 lakh and one surety of a like amount.
The court said accused cannot leave India without getting its permission.
Savitri Jindal has retained the tag of being the richest woman in India with a networth of $5.2 billion
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.
With this, Heineken's stake has risen from 39% to 42.2%.
'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.'
The government has so far closed bids for 13 blocks.
'We knew these youngsters could turn out to be match-winners and we waited patiently for the last three years because success doesn't come overnight, it takes time.'
The case pertains to alleged irregularities.
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
JSPL is under CBI lens for giving wrong information about its land, water supply and previous allocations to get coal block in Jan 2008.
Industrialist Naveen Jindal, fighting to win the Kurukshetra Lok Sabha seat for a third time, has more than just Narendra Modi to contend with. Joel Rai reports.
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