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SBI led banks' consortium launches probe into suspected financial irregularities at Uttam Galva SteelsThe probe may impact discussions that the company’s promoters, the Miglani family, are having with Aion Capital as well as China’s Tidfore ...- Aion Capital in talks with troubled Uttam Galva Steels for takeoverAion is a joint venture venture between Apollo Global Management, one of the world’s largest distress asset investors, and ICICI Venture.
- Sensex snaps 2-day losing streak, up 118 pts; Nifty reclaims 8,650The broader market continued its stellar show, as the BSE Midcap index rallied 0.43 per cent and the Smallcap index 1.01 per cent.
- Once consumption starts, there would be severe steel shortage: Ankit Miglani, MD, Uttam Galva"MIP is allowing us to survive in light of the dumping from China and hopefully the GDP growth will allow steel consumption to start growin...
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