Recent Highlights
All Stories for Bhushan Steel
Supreme Court sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel
• 5 years agoJohari 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
• 6 years agoGiving 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
• 6 years agoDuring 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
• 6 years agoTata 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
• 6 years agoThe 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
Fp Staff • 6 years agoShares 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
• 6 years agoThe 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
• 6 years agoTata 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
• 6 years agoDomestic 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
Narayanan Madhavan • 6 years agoSmartphones, the most visible symbol of "Digital India's" ambitious expansion, are increasingly Chinese.