Madhok, who had earlier worked with Belgium's CMI-FPE and JSW Group, is the latest professional to leave the industry and join a private fund.
PricewaterhouseCoopers India grappling with people issues even after two years of the Rs 7,000-crore Satyam fraud case
Despite the completion of an investigation by US SEC, the firm is still undecided about former PwC India chairman Ramesh Rajan's tenure.
ArcelorMittal will review a production plan being prepared by Uttam Galva's promoters with senior management executives to improve profitability at the company's unit at Khopoli, near Mumbai.
Reliance Industries plans to expand its plans for mining for precious metals by acquiring state prospected areas in the diamondrich state of Madhya Pradesh.
Steel Authority of India is in advanced stages of talks with coking coal miners in Australia and South Africa for acquiring their assets, said a person directly involved in the negotiations.
Professional services firm PricewaterhouseCoopers India (PwC), which has been under the media glare since the Satyam fraud broke out, will have a new India head.
Investors in PE funds are tracking recent developments where govt has cancelled expansion projects of large business houses for failure to comply with green norms.
The meeting between the two sides could mark the beginning of an eventual union of the two branches of Ispat, which traces its origin to Kolkata.
The concept will form a combined Indian strength to match up to competition from Chinese mills, who have already structured similar consortiums.
Tata Steel’s fight with Brazil’s CSN for control of Anglo-Dutch steelmaker Corus in 2007 was one of the last major fights that an Indian company had with a large foreign company in an acquisition drama.
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