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2 mins read
Arcelor Mittal Nippon Steel signs ₹19,000 crore deal to buy Essar's port and power assets
Essar on Friday announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) fo…
2 mins read
Essar raises $2.05 bn from sale of ports, power assets; clears $25 bn debt of Indian banks
Essar Ports & Terminals (EPTL) and Essar Power (EPL) concluded the $2.05 billion (₹16,500 c…
1 min read
Tata Steel and JSW welcome competition from ArcelorMittal after it buys Essar
Presence of more companies in the market will lead to more innovations, quality and R&D act…
PTI
2 mins read
ArcelorMittal Q1 net income falls over 73% to USD 1,096 mn
Global steel giant ArcelorMittal on Thursday posted a 74.43 per cent fall in its net income at USD …
PTI
2 mins read
ArcelorMittal's $6.1 billion bid for Essar Steel is on hold again
A bench headed by Justice Rohinton F. Nariman admitted the appeals by Essar Steel lenders …
1 min read
ArcelorMittal's bid for the bankrupt Essar Steel clears another hurdle that will give banks 60% off their dues-- but the appellate order has done something more
Global giant Arcelor Mittal had made a bid for a bankrupt Indian company Essar Steel. Simultaneo…
1 min read
ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
New Delhi, Nov 19 () Following the Supreme Court verdict on Essar Steel resolution plan, global ste…
PTI
1 min read
Look forward to close Essar Steel acquisition soon: ArcelorMittal
New Delhi, Nov 15 () Global steel giant ArcelorMittal on Friday said it is looking forward to close…
PTI
3 mins read
Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
New Delhi, Nov 17 () Essar Steel, Adani Group and state-owned GAIL have bought majority of natural …
PTI
1 min read
Nowhere in the world do bankruptcy cases have a 330-day deadline, says bankruptcy board chief MS Sahoo
The bankruptcy of Essar Steel had put India’s nascent bankruptcy laws to test and the final word on…
“Nowhere in the world do bankruptcy cases have a 330-day deadline,” says bankruptcy board chief MS Sahoo
The Supreme Court on November 15 allowed the bankruptcy courts are free to relax the 330-day deadli…
6 mins read
EXCLUSIVE: India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws
India’s new bankruptcy law is providing what the country now needs - a way for creditors to gain wh…
1 min read
Lakshmi Mittal can begin taking over Essar Steel as India's Supreme Court ends the debate on how to distribute the money
The ultimate discretion on distribution of funds was with the Committee of creditors, the SC ord…
2 mins read
ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
New Delhi, Dec 13 () Global steel giant ArcelorMittal has initiated payment for acquisition of debt…
PTI
2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
1 min read
AMNS India parent signs USD 5 bn term loan to refinance Essar Steel acquisition
"AMNS Luxembourg Holding S A (AMNS), the parent company of the AMNS India joint venture between Nip…
PTI
2 mins read
Akasa Air suffers data breach, asks passengers to be conscious of phishing attempts
The airline on Sunday apologised for the data breach and said the incident has been "self-report…
PTI
2 mins read
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
3 mins read
India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement
In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…
2 mins read
After buying out the bankrupt Electrosteel, Vedanta is spending billions on a new steel plant in the Indian state of Jharkhand
The move is part of Vedanta’s integration of its newly-acquired steel company. Electrosteel …