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Quote of the day by Mona Lisa maker Leonardo da Vinci: 'Iron rusts from disuse; stagnant water loses its purity…' What the legendary polymath warned centuries ago about how inaction slowly destroys the human mindQuote of the day by Leonardo da Vinci: Leonardo da Vinci, one of history’s greatest thinkers, shared a powerful message about the dangers o...- All-clear for Vedanta to acquire ElectrosteelElectrosteel failed to repay more than Rs 13,000 crore bank loans.
- Vedanta gets management control of Electrosteel SteelsVedanta has deposited Rs 5,320 crore in an escrow account of ESL for 90 per cent equity in the bankrupt alloy maker.
- NCLAT allows Vedanta to make upfront payment of Rs 5,320 cr for ElectrosteelThe bench also clarified that if Renaissance Steel wins the case, then the Committee of Creditors (CoC) will have to return the money to Ve...
- JSW Steel, Vedanta vie for Usha Martin’s specialty steel businessBoth companies have been given the Memorandum of Understanding (MoU) while they explore various aspects of the acquisition of the 1 MT spec...
- Electrosteel Steels seeks exemption from Sebi for filing Q4, FY18 resultsRenaissance Steel's resolution application was rejected by the the Committee of Creditors (CoC) of Electrosteel Steels.
- Renaissance Steel asks NCLAT to declare Tata Steel's bid for Electrosteel 'ineligible'An NCLAT bench headed by Chairman Justice S J Mukhopadhyaya has issued notice to Tata Steel, which was the second highest bidder, and the r...
- NCLAT admits Renaissance Steel plea against Vedanta bid on ElectrosteelA two member bench of the tribunal headed by Chairman Justice S J Mukhopadhaya admitted the plea and directed to list the matter on May 28.
- Vedanta expects to seal Electrosteel deal in 2 weeksImproved volumes and better prices led to a 40% jump in Vedanta’s consolidated attributable net profit in Q4FY18 to Rs 3,956 crore, while r...
- Appellate Tribunal stays sale of Electrosteel to VedantaThe appellate tribunal has ordered a status quo and directed resolution professional Dhaivat Anjaria to explain how Vedanta was chosen winn...
- NCLAT directs status quo in Electrosteel sale caseNCLAT direction came over a petition filed by Renaissance Steel which saw its resolution application being rejected by the Committee of Cre...
- Renaissance to challenge move to award Electrosteel to VedantaRenaissance Steel had earlier challenged eligibility of Tata Steel and Vedanta.
- Electrosteel becomes first of 'Dirty Dozen' to be resolved under Insolvency CodeAnil Agarwal said that Vedanta, which was chosen as the highest bidder, would look to complete the process of taking over Electrosteel Stee...
- RP submits Vedanta offer for Electrosteel to NCLTThe Committee of Creditors (CoC) approved the Vedanta offer after they met on March 29 to look into the Renaissance Steel's objections to b...
- Electrosteel lenders choose Vedanta as highest bidderThe CoC rejected the contentions of Renaissance Steel India that had questioned the eligibility of Vedanta and Tata Steel as bidders for El...
- Abhishek Dalmia's group moves NCLT for stay on Electrosteel Steels' insolvency processRenaissance Steel India had submitted a resolution plan for ESL on January 4 to Dhaivat Anjaria, the resolution professional (RP).
- Dalmia company Renaissance Steel questions Vedanta, Tatas’ bidThe Dalmia firm has claimed that it came to know that two RAs — Vedanta and Tata Steel — are not eligible to bid according to Section 29A o...
- Tata Steel, Vedanta’s eligibility questioned for Electrosteel bidRenaissance, a rival bidder for Electrosteel, has said that alleged breaches of the law by subsidiaries of Tata Steel and Vedanta might dis...
- Vedanta, Tata Steel, 2 others submit bids for ElectrosteelElectrosteel Steels, which owes Rs 10,273.6 crore to its lenders, was among the 12 companies which the Reserve Bank of India (RBI) had refe...
- 'Mittal-Arcelor combo compliment each other'Arcelor CEO says the Mittal -Arcelor combination would be a truly transformational deal for the steel industry.
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