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Former Bhushan Power & Steel CMD Sanjay Singal gets bail in ‘money laundering case’

A Delhi court allowed bail to Sanjay Singal on a personal bond of Rs 10 lakh and two sureties.
Enforcement Directorate

ED files charge sheet against former Bhushan Power & Steel CMD Sanjay Singal

Sanjay Singal was arrested on 22 November 2019 under the PMLA after being questioned in an alleged bank loan fraud case.
A bird flies above signage for the JSW Steel Ltd. manufacturing facility in Dolvi, Maharashtra. | Photographer: Dhiraj Singh | Bloomberg

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

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

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.
Bhushan Steel plant

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

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

File photo of Bihar CM Nitish Kumar | Facebook/NitishKumarJDU

The curious case of Nitish Kumar — 87% anger, 100% victory

In the supposedly most-politicised state in India, people say they don’t have ‘options’ this election.

Tata woos investors for digital platform as it seeks to compete with Jio, Amazon, Flipkart

Tata Sons is working with advisers to explore bringing in financial or strategic investors, including global tech companies, for its new digital entity.


Defence Minister Rajnath Singh releases the New Defence Acquisition Procedure (DAP) at the Defence Acquisition Council (DAC) meeting, in New Delhi on 28 September 2020 | @DefenceMinIndia | Twitter

Govt scraps offset policy for govt-to-govt deals, allows leasing of defence equipment

The new Defence Acquisition Procedure 2020, which was unveiled by Defence Minister Rajnath Singh Monday and kicks in on 1 October, also cuts down procurement time.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.