BHUSHAN POWER AND STEEL
ED files chargesheet in Bhushan Power and Steel case
The Enforcement Directorate (ED) has filed its first chargesheet in the money laundering...
ED attaches Rs 204 crore worth assets of ex-BPSL CMD Singal
Assets worth over Rs 204 crore, including houses in Delhi and London, of former B...
Enforcement Directorate names JSW Steel in BPSL case
The Enforcement Directorate on Friday filed a charge sheet against former Bhushan Power ...
JSPL reports a 45% drop in net profit in Q3FY20
On a consolidated basis, JSPL reported a net loss of Rs 219 crore in Q3FY20 against a net loss of Rs 87 crore in the same period last year. Consolidated turnover went down to Rs 9,300 crore during the quarter against a turnover of Rs 9,566 crore in the previous corresponding quarter.
Anant National University launches fellowship for climate action
“It shifts the focus from the unprecedented level of climate anxiety we see around us today to offering individuals ways to be part of the solution to mitigate climate change,” said Miniya Chatterji, CEO of Sustain Labs Paris, a company that helps companies become sustainable, who is also leading the climate action program.
Bhushan Steel case: HC to hear next week ED's plea to modify order directing 'no coercive steps'
The ED had issued summons to Bhushan Steel ex-promoter Neeraj Singal in the money laundering case registered in connection with alleged siphoning of funds worth over Rs 2,000 crore. The court had earlier issued notice to the Centre and the ED, seeking their stand on Singal's plea for a declaration that the PMLA cannot be made applicable retrospectively.
Not averse to allowing JSPL to transport iron-ore from Sarda Mines, says Supreme Court; reserves verdict
A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant said it would pass a detailed order in the case filed by the Odisha government against the high court order which had allowed transportation of iron ore. The bench said it was not averse to allowing transporting of iron-ore but all the necessary dues and royalty payable be paid.
Essar resolution to have significant impact on financial ecosystem: Satish Gupta, Essar's Resolution Professional
"The resolution of Essar Steel with realisation of more than Rs 42,000 crore has significant impact on financial ecosystem. With availability of funds and committed additional infusion of Rs 8,000 crore by ArcelorMittal, Essar Steel’s under-utilised productive asset can now operate at its optimal level of production and enhance capacity utilisation," the resolution professional of Essar Steel said.
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
Share market update: Nifty Commodities index gains; Coal India climbs 2%
The Nifty Commodities index was trading 0.45 per cent up at 3516.95.
Share market update: Nifty Commodities index down; BPCL loses 1%
The Nifty Commodities index was trading 0.16 per cent down at 3528.1.
Infy, Tata Steel, Coal India among 60 stocks readying to rally, shows MACD
Strong trading volumes on many of these counters are lending credence to the emerging trend.
JSPL's coal gasification-based DRI plant in Odisha resumes operation
Jindal Steel and Power Ltd (JSPL) said its coal gasification-based DRI plant at Angul district in Odisha has resumed operation. The plant was not operational for long due to the scarcity of coal.
NCLAT seeks clarity from govt, agencies on JSW Steel immunity
ED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore worth of land, buildings, plant and machinery in Odisha in a case related to the alleged diversion of bank funds, stalling the implementation of JSW Steel's Rs 19,700-crore resolution plan.
Buy Jindal Steel, price target Rs 182: Kunal Bothra
The analyst suggested a stop loss at Rs 171.
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