ED attaches assets of Educomp group company in money laundering caseA provisional order for attachment of the properties has been issued under the Prevention of Money Laundering Act (PMLA) against Educomp Pr...
ED attaches assets of Educomp group company in money laundering caseThe total "default" in loan repayment causing wrongful loss to the lending banks is to the tune of Rs 1,955.36 crore in this case. The ED's...
Steel and cement companies shifting to EVs for mining, transportationSome steel and cement manufacturers in India are shifting towards use of electric vehicles (EVs) for their mining and transportation proces...
COVID wave: Vedanta to set up 1,000 critical care beds in 10 citiesThe company has set a target for the first set of facilities to be ready and commissioned within 14 days and the balance facilities will be...
Football gets a super Kerry Packer passA bigger, phatter club tournament is good — not to those benched, of course.
Setback for ArcelorMittal: Cayman Island court refuses worldwide freeze on Essar Global FundA Garnishee Order Absolute prevents the garnishee from making repayment of the debt owed to the judgement debtor.
ESL bid: ArcelorMittal says no link between its eligibility and businesses of Mittal's brothersThe company's statement comes a day after Russia's VTB Group-backed Numetal upped the ante against rival bidder ArcelorMittal, alleging tha...
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.
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.
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...
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).
Shell companies clampdown: Sebi for forensic audit of 3 firmsThe regulator believes that these companies should be audited to establish their genuineness.
Assembly polls in Seemandhra, Telangana unlikely with Lok Sabha pollsAssembly elections in Telangana and residuary Andhra Pradesh may not be held along with the upcoming Lok Sabha elections.
Electrosteel gets nod for Rs 6181 crore CDR packageElectrosteel Steel, part of Electrosteel Castings, has received a nod from the Corporate Debt Restructuring cell for its proposed Rs 6,181 ...
Bombay High Court directs Essar Steel and Insurance company to go to arbitratorThe steel-making arm of the over $27-bn Essar Group had approached the court to appoint an arbitrator to settle its dispute with the countr...
- Forest land to Essar: Gujrat HC asks Centre to decide in 4 weeks
Guj HC today directed the Central Govt to decide within four weeks the issue of allocating forest land to Essar Steel Ltd.
- CAG slams Army for quality of food given to troops in J&K, NE
CAG slammed the Army for poor quality of food items supplied to troops in J&K and NE, noting that the rations had rotted in some cases.