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Monday, February 23, 2026
TopicEssar

Topic: Essar

Supreme Court clears way for ArcelorMittal to acquire Essar Steel

Upmanyu Trivedi -
The Supreme Court allowed ArcelorMittal to complete its acquisition of Essar Steel India Ltd. by setting aside NCLAT’s order that gave secured and unsecured creditors equal right over sale proceeds.

Allowing new players to sell petrol, diesel needs more reforms to succeed

A K Bhattacharya -
Modi govt has taken a major step towards liberalising its policy on petroleum retail. Now, refinery pricing needs to be made more transparent.

ArcelorMittal plans to bid for Essar power plant in MP along with Resurgent

Baiju Kalesh -
Arcelor and Resurgent have held preliminary talks on a potential joint bid for the 1,200-megawatt Essar power plant in Madhya Pradesh.

India turns a bad-loan tragedy into a bankruptcy farce

Andy Mukherjee -
It'll be unfortunate if India's next steel king is decided not on the wrestling mat  — but via walkovers.

ArcelorMittal heads to court in battle over India’s steel market

Swansy Afonso -
Billionaire Lakshmi Mittal’s ArcelorMittal will challenge the eligibility of the VTB-led Numetal Ltd. group in bidding for Essar Steel India Ltd. 

Russia’s top bank willing to buy out India’s sick Essar in a $6 billion race

George Alexander -
The VTB-led consortium’s bid will be in contest with that of Lakshmi Mittal’s ArcelorMittal, which submitted a higher offer than the VTB investor group last month.

2G scam judgment tells India the judicial system won’t hold the influential accountable

Prashant Bhushan -
I don’t know on what basis the court said there was no evidence. In at least 40 pages of the judgment, the court has reproduced the evidence.

Paradise Papers: Parking money in tax havens biggest threat to democracy in the world

Prashant Bhushan -
In most cases, funds were siphoned from domestic companies to offshore tax havens by over-invoicing and under-invoicing, through intermediary shell companies .

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

Suspected brake failure leads to Tejas accident after landing, airframe likely to be written off

Snehesh Alex Philip -
The IAF, so far, remains mum on this accident which has led to grounding of the fleet for safety checks.

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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