The UML board has agreed to sell off the company's steel business to Tata Steel for Rs 4,600 crore to pare debt.

There was a family feud raging in the company that counts itself among the world's biggest wire rope makers.

Usha Martin would stick to its wire rope business after exiting from steel.

The company agreed to sell its steel division to Tata Steel for Rs 4,300-4,700 crore in September and the board approved the decision last ...

"We are confident that TSIL will run the assets in the way they deserve to be administered and enhance the legacy," Jhawar said in a statem...

Here's a look at the top stocks that may hog the limelight in today's session.

Usha Martin is committed to ensure that all sale proceeds are first applied to repayment of existing lenders, which will exhaust almost all...

Usha Martin board had signed an agreement with Tata Steel on September 22 to sell the Kolkata-based company's steel and wire rope business ...

Here's a look at the top stocks that may hog the limelight in today's session.

The deal is expected to be completed over the next two-three quarters.

Usha Martin founder Basant Jhawar and his son Prashant Jhawar in a statement said that there was no clarity on end-use of sale proceeds.

Both companies have been given the Memorandum of Understanding (MoU) while they explore various aspects of the acquisition of the 1 MT spec...

The petition alleged that two SBI officials had “acted in collusion and conspiracy" for “self aggrandisement and with ulterior motive and m...

The move is the latest episode in the ongoing feud between the two factions of the Jhawar family and complicates the debt recovery efforts ...

Basant Jhawar, 82, and his son Prashant Jhawar have filed complaints at the National Company Law Tribunal and the Calcutta High court in pu...

A meeting had earlier been called Saturday to consider raising further equity through a private placement to promoters.

The resolution to strip Basant Jhawar of special powers and ousting his son was initiated at the behest of country’s largest bank, State Ba...