The NCLT also clarified that the criminal cases against the founders of BPSL for siphoning off funds from the company would not affect JSW Steel as its new promoter

SAIL Chairman Anil Kumar Chaudhary was attacked by four unidentified assailants on Wednesday night in Delhi.

Pramod Mittal was caught up in the inquiry following the suspicious transfer of nearly 11 million euros ($ 12 million) from the bank account of a coking plant between 2006 and 2015

According to Tata Steel, Executive Director and CFO Koushik Chatterjee, the steel maker had set a target of reducing gross debt by USD 1 billion in FY20; As on March 31, 2019, the company had a net debt of Rs 1 trillion

While approving ArcelorMittal's Rs 42,000-crore bid for the bankrupt flagship company of the Ruias-led Essar Group, the NCLAT had last Thursday gave operational creditors equal status as the secured lenders

The action continues unabated in the steel industry; before this, JSW Steel and AION Investments had acquired Monnet Ispat through the NCLT resolution process for Rs 2,850 crore in July 2018

The six companies for which information has been sought by India are Essar Steel India Ltd, Essar Projects India Ltd, Essar Power Gujarat Ltd, Essar Power MP Ltd, Essar Power (Jharkhand) Ltd and Essar Bulk Terminal (Salaya) Ltd.

Cumulative operational losses of Tata Steel Europe stand at Rs 48,000 crore over 10 years against the group debt at Rs 95,000 crore

AMSA's environmental manager Johan Hattingh has been summoned to appear in the Vanderbijlpark Regional Court on June 26 on the criminal charges of having violated the South African Air Quality Act

The European Commission, the executive arm of the 28-member European Union (EU), formally tabled its decision this week after ThyssenKrupp announced its decision to withdraw from the joint venture plans last month in anticipation of the EU ruling.

The CMIE review said that investment demand is likely to be weak. The review also added that India achieved its fiscal deficit target for 2018-19 by reducing fiscal management to a \"numbers game\".

The country's largest steel maker and Luxembourg-based ArcelorMittal had entered into an MoU in May 2015 to explore the possibility of setting up an auto-grade steel manufacturing facility under a joint venture in India