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Sunday, February 22, 2026
TopicBhushan Power and Steel

Topic: Bhushan Power and Steel

Court blocks JSW Steel’s $2.8 billion buyout of Bhushan Power

Upmanyu Trivedi -
The Enforcement Directorate has taken over the assets of Bhushan Power as it investigates allegations of money laundering by its former owners.

JSW Steel pockets second major stressed asset as NCLT approves bid for Bhushan Power

Upmanyu Trivedi -
JSW beat out rivals Tata Steel Ltd. & Liberty House Group with a bid of about Rs 19,700 crore, and now adds 3.5 million tons a year of capacity to its operations.

‘Need a stadium, not a courtroom’ — 70,000 page Bhushan Steel chargesheet names 284

Apoorva Mandhani -
Bhushan Power and Steel had defaulted on a Rs 47,700-crore loan in 2017. Last week, PNB alleged it had also committed a Rs 3,815 crore scam.

On Camera

YourTurn

Opinion

Nick Jonas wearing a mangalsutra is validation for many Indians. He’s our favourite jiju

Stela Dey -
Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.

Patel’s 1950 letter to Nehru: Find no legal power to deal with Press or men like Syama Prasad

Everyone’s ‘damaged’ in modern dating. Love will soon be called a mental illness

Economy

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

Vrinda Tulsian -
On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Defence

In a first, Indian small arms maker to bid for UK Project Grayburn to replace British Army’s SA80 rifles

Vaibhav Pant -
Bengaluru-based SSS Defence has made public its bid for a major foreign military contract, targeting UK’s ambitious SA80 successor programme with its home-tested weapons.

National Interest

No country is ever fully sovereign. Cold War era taught India its real meaning

Shekhar Gupta -
India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.

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