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Global investors rattled as Evergrande struggles with debt: All you need to know about China's biggest builder’s troubles
Business

Global investors rattled as Evergrande struggles with debt: All you need to know about China's biggest builder’s troubles

Evergrande is the biggest casualty yet from the ruling Communist Party’s effort to rein in surging debt levels Beijing sees as a possible threat to the economy.

JSW Steel Q4 results: Consolidated profit shrinks 87% to Rs 188 cr; total income drops 20% to Rs 18,009 cr
Business

JSW Steel Q4 results: Consolidated profit shrinks 87% to Rs 188 cr; total income drops 20% to Rs 18,009 cr

Sajjan Jindal-led JSW Steel on Friday reported a sharp 87.42 percent decline in consolidated net profit to Rs 188 crore for the quarter ended on 31 March, 2020, mainly on account of lower-income

Narendra Modi's Rs 20-lakh cr economic stimulus package to boost Make in India programme: Sajjan Jindal
Business

Narendra Modi's Rs 20-lakh cr economic stimulus package to boost Make in India programme: Sajjan Jindal

Industrialist Sajjan Jindal on Wednesday welcomed the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi to revive the economy hit by COVID-19, saying it will give a boost to the ambitious Make in India programme

Coronavirus Lockdown: JSW Steel reports 60% fall in output at 5.63 lakh tonne in April
Business

Coronavirus Lockdown: JSW Steel reports 60% fall in output at 5.63 lakh tonne in April

JSW Steel has registered a sharp fall of about 60 percent in its crude steel production at 5.63 lakh tonne (LT) amid lockdown during April 2020. The company had produced about 13.90 LT of crude steel during the same month in 2019

Stock markets trade in green: Sensex rises 400 points, Nifty stays at one-month high in opening session; HDFC bank jumps 5.2%
Business

Stock markets trade in green: Sensex rises 400 points, Nifty stays at one-month high in opening session; HDFC bank jumps 5.2%

The Sensex surged over 400 points in opening trade on Monday led by gains in index heavyweights HDFC twins and Infosys amid positive cues from global markets.

Coronavirus pandemic may take a toll on domestic steel players' expansion plans, say experts
Business

Coronavirus pandemic may take a toll on domestic steel players' expansion plans, say experts

The outbreak and spread of the COVID-19 pandemic may adversely impact the expansion plans of domestic steelmakers, according to experts

Coronavirus Outbreak: JSW Steel says preparing to recommence operations once lockdown is over
Business

Coronavirus Outbreak: JSW Steel says preparing to recommence operations once lockdown is over

As the 21-day lockdown period is nearing end, private steel maker JSW Steel has started preparing to scale up its production

Coronavirus Outbreak: SAIL facing order cancellations, re-scheduling due to lockdown; JSW Steel suspends manufacturing operations
Business

Coronavirus Outbreak: SAIL facing order cancellations, re-scheduling due to lockdown; JSW Steel suspends manufacturing operations

SAIL faced a marginal hit to production and some of its inventory was piled up at ports, the source said, declining to be identified due to the sensitive nature of operations.

Sensex tanks over 450 points, Nifty below 12,000-mark; coronavirus spread beyond China renews concerns over global growth
Politics

Sensex tanks over 450 points, Nifty below 12,000-mark; coronavirus spread beyond China renews concerns over global growth

Tata Steel was the top loser in the Sensex pack, cracking over 4 per cent, followed by HDFC, ITC, ICICI Bank, Maruti, Hero MotoCorp, NTPC and PowerGrid.

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.

JSW Group firm Forma shuts operations within one year of launch; 'business not viable': Report
Business

JSW Group firm Forma shuts operations within one year of launch; 'business not viable': Report

Forma hoped to become one of the top five readymade furniture brands in India

Karvy case gets murkier, who benefited the most from India's economic growth; all this and more on Moneycontrol Pro
Business

Karvy case gets murkier, who benefited the most from India's economic growth; all this and more on Moneycontrol Pro

The Karvy case is becoming messier by the day and threatens to take down an important segment of the market—loans against shares (LAS)— albeit for the short term.

NCLAT directs Enforcement Directorate to file final affidavit in Bhushan Power & Steel assets attachment matter
Business

NCLAT directs Enforcement Directorate to file final affidavit in Bhushan Power & Steel assets attachment matter

Earlier, on 25 October, the NCLAT had asked both organisations, which are presently headed by Sitharaman, to settle the matter adding that there was no question of amendment of laws.

Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution
Business

Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution

In many of the cases under insolvency, the promoters are under investigation by various agencies, the sources said

World steel body elects Sajjan Jindal as vice-chairman; TV Narendran, Lakshmi Mittal as members
Business

World steel body elects Sajjan Jindal as vice-chairman; TV Narendran, Lakshmi Mittal as members

Jindal and Andre Johannpeter, executive vice-chairman, Gerdau SA have been elected to the post of vice-chairman.

NCLAT asks ED to release Bhushan Power and Steel's assets; puts on hold Rs 19,700-cr sale to JSW Steel
Business

NCLAT asks ED to release Bhushan Power and Steel's assets; puts on hold Rs 19,700-cr sale to JSW Steel

The ED had seized a portion of Bhushan Power and Steel's (BPSL) assets in the money laundering case against its former promoters

Better days ahead as govt sops, ongoing festive season to boost demand: JSW Steel
Business

Better days ahead as govt sops, ongoing festive season to boost demand: JSW Steel

The post-budget measures announced by the government and the ongoing festive season have renewed the hopes of alloy major JSW Steel of better days ahead, though it still remains cautious on investing in new mines

Sensex plunges 434 points, Nifty plummets 139 points; rate-sensitive bank, auto, realty stocks fall up to 5% post-RBI rate cut
Business

Sensex plunges 434 points, Nifty plummets 139 points; rate-sensitive bank, auto, realty stocks fall up to 5% post-RBI rate cut

The RBI cut repo rate by 25 basis points to 5.15 percent, bringing the cumulative reduction in the interest rate of 135 basis points for this calendar year

JSW Steel raises $400 mn in overseas bond sale, second this fiscal; part of firm's $1 bn fund-raising plan
Business

JSW Steel raises $400 mn in overseas bond sale, second this fiscal; part of firm's $1 bn fund-raising plan

JSW Steel said proceeds from the $400 million bond sale will be used for capital expenditure and for other corporate purposes