Bhushan Steel

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Bhushan Steel - Total results - 110
RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report
Business

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report

Under the plan, 38 lenders of RCom can recover over 70 percent of their outstanding of Rs 33,000 crore secured debt

NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED
Business

NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED

A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immuned from the acts done by the former promoters of Bhushan Power & Steel.

Improvement in sentiment during festive season expected to trigger pick-up in consumption, steel demand: Tata Steel
Business

Improvement in sentiment during festive season expected to trigger pick-up in consumption, steel demand: Tata Steel

Tata Steel India recorded an output of 4.50 million tonne (MT) in the second quarter as against 4.30 MT in the corresponding quarter of the previous financial year

Supreme Court sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel
Business

Supreme Court sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel

Johari was arrested by the SFIO on May 2 for alleged fraudulent activities, including filing false documents with various banks

Lenders to move Supreme Court against NCLAT order on higher payout to Essar Steel's operational creditors: SBI chief
Business

Lenders to move Supreme Court against NCLAT order on higher payout to Essar Steel's operational creditors: SBI chief

Giving secured creditors same treatment as operational creditors is a huge disincentive for secured creditors, said Rajnish Kumar

Financial institutions set to realise Rs 80,000 crore from Insolvency and Bankruptcy Code in FY20: Icra
Business

Financial institutions set to realise Rs 80,000 crore from Insolvency and Bankruptcy Code in FY20: Icra

During the last financial year, cases resolved under the IBC include Electrosteel Steel, Monnet Ispat Ltd and Amtek Auto Ltd

Tata Steel's consolidated net profit nosedives over 84% to Rs 2,295 cr in Q4; announces merger of Bamnipal Steel
Business

Tata Steel's consolidated net profit nosedives over 84% to Rs 2,295 cr in Q4; announces merger of Bamnipal Steel

Tata Steel had booked a net income of Rs 14,688.02 crore in the corresponding quarter of the previous fiscal

Financial, operational creditors recover nearly half of total claims worth over Rs 1.42 lakh crore in 88 insolvency cases
Business

Financial, operational creditors recover nearly half of total claims worth over Rs 1.42 lakh crore in 88 insolvency cases

The Insolvency and Bankruptcy Code (IBC) seeks to provide market-determined resolution for stressed assets in a time-bound manner

Tata Steel subsidiary closes deal to acquire Usha Martin's steel business for around Rs 4,600 crore
Business

Tata Steel subsidiary closes deal to acquire Usha Martin's steel business for around Rs 4,600 crore

Shares of Usha Martin fell over 7 percent on Tuesday on the back of reports that Tata Steel is to take over the company's Jamshedpur steel plant

Moody's upgrades Tata Steel's corporate family rating to Ba2 on sustained improvement in firm's credit profile
Business

Moody's upgrades Tata Steel's corporate family rating to Ba2 on sustained improvement in firm's credit profile

The stable outlook reflects Moody's expectation that Tata Steel's strong operating performance will translate into a sustained improvement in credit metrics.

Tata Steel BSL to raise Rs 24,000 cr from Tata Steel on private placement basis
Business

Tata Steel BSL to raise Rs 24,000 cr from Tata Steel on private placement basis

Tata Steel last year acquired Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, through its wholly-owned subsidiary Bamnipal Steel Ltd.

Steel companies may go for expansion through brownfield route for next two decades: Analysts
Business

Steel companies may go for expansion through brownfield route for next two decades: Analysts

Domestic steel demand touched 91 million tonne (mt) in fiscal 2018, making the country the third largest consumer of the alloy in the world. In FY18, domestic demand grew by 8 percent, while globally it grew by 5 percent.

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans
Business

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans

Smartphones, the most visible symbol of "Digital India's" ambitious expansion, are increasingly Chinese.

SC expresses disapproval over manner in which Delhi HC granted bail to ex-promoter Neeraj Singal
India

SC expresses disapproval over manner in which Delhi HC granted bail to ex-promoter Neeraj Singal

Supreme Court, while providing relief to the former Bhushan Steel promoter Neeraj Singal, expressed 'disapproval' over the manner in which Singal was granted bail by the Delhi High Court.

Delhi High Court grants bail to Bhushan Steel ex-promoter Neeraj Singal; was arrested for $20 billion fraud
Business

Delhi High Court grants bail to Bhushan Steel ex-promoter Neeraj Singal; was arrested for $20 billion fraud

The Delhi High Court on Wednesday granted interim relief to Bhushan Steel's erstwhile promoter Neeraj Singal, arrested by the SFIO for allegedly siphoning off Rs 20 billion funds, by directing his release on bail

NPA crisis: Finance ministry asks public sector bank CEOs to check frauds in bad loans or face penal action
Business

NPA crisis: Finance ministry asks public sector bank CEOs to check frauds in bad loans or face penal action

This missive comes in the light of the arrest of Bhushan Steel's erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.

Daily Bulletin: Rehab and rebuilding Kerala after floods begins, Dabholkar, Lankesh murders connected, Asian Games 2018; day's top stories
India

Daily Bulletin: Rehab and rebuilding Kerala after floods begins, Dabholkar, Lankesh murders connected, Asian Games 2018; day's top stories

Daily Bulletin: Kerala floods and rehabilitation, RBI circular case, Asian Games 2018; here are the top stories to be followed today

Tata Steel Q1 net profit doubles to Rs 1,934 cr on strong demand, higher prices in domestic market
Business

Tata Steel Q1 net profit doubles to Rs 1,934 cr on strong demand, higher prices in domestic market

Tata Steel saw strong growth in all verticals with the automotive segment contributing 19 percent of sales and the strong demand in HCV segment is expected to continue.