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Thursday, March 28, 2024
TopicEssar

Topic: Essar

Supreme Court clears way for ArcelorMittal to acquire Essar Steel

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

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

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

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

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

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

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

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

Carnatic musicians indulged TM Krishna for too long. Boycott is just a start

Krishna has slandered an entire community in the name of freedom of speech. But Brahmin musicians numerically dominate the field due to a complex mix of socio-economic factors, not casteism.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.