The SFIO probe suggests that due to promoters siphoning off funds, the company's financial health deteriorated and the company went into insolvency with outstanding liabilities of Rs 56,000 crore

JSW Steel has invested Rs 17,000 crore in the last two financial years for expanding its steel production capacity organically

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

The equity market crashed on Tuesday with Sensex and Nifty declining over 2% each on heavy selling in PSU banks and auto indices.

The steelmaker proposed to close its loss-making Orb Electrical Steels site in South Wales, potentially affecting up to 380 jobs, as it was \"unable to find a way forward\" for the business

Corporate India's interest outgo is growing faster than its operating income. As sectoral issues combine with a slowdown to pull down earnings, servicing debt could become more challenging

The combined entity Sona Comstar will utilise the expertise of both the companies in their respective domains to create an integrated electric drive unit to power drivetrains of electric vehicles