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Lakshmi Mittal accuses fellow steel tycoons of hiding funds through sham transactions

Lakshmi Mittal has been engaged in a year long battle to acquire a $5.9 billion insolvent steelmaker owned by the Ruia's Essar Group.
A large pile of unprocessed logs| Daniel Acker/Bloomberg

Skyscrapers made of wood make a return, helped by Google

Timber is becoming more cost competitive as steel prices rise, and the use of pre-fabricated wood panels allows for quicker construction with less labor.
Molten steel is poured at a factory in Haryana | Udit Kulshrestha/Bloomberg

Posco, Hyundai Steel in India’s sight as Modi looks to boost local production

India is set to overtake the US as the world’s second-largest consumer of steel, and companies including Posco and ArcelorMittal are keen to tap this market. 
A laborer walks near the JSW Steel Ltd. manufacturing facility in Dolvi, Maharashtra. Photographer: Dhiraj Singh/Bloomberg

In global expansion bid, JSW Steel invests $1 billion in US

JSW Steel is betting that vibrant growth will underpin demand in overseas markets and complement a boom at home.

China’s pollution crackdown is helping Indian steel, graphite industries

Firms such as HEG, Graphite India and Finolex have benefited from China’s pollution control measures.
File photo of Lakshmi Mittal,

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. 

Govt sets deadlines, stiff targets for SAIL top brass

With its financial health still far from impressive, the steel ministry has put the PSU on a tight leash.

On Camera

A woman in a marketplace deserted due to lockdown in Lucknow, Uttar Pradesh | Photo: ANI

India isn’t facing up to the true financial cost of Covid

Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.

Defence

A file photo of Pangong Lake in Ladakh | Visharad Saxena | Special arrangement

India, China generals meet today as ‘PLA keeps up Pangong incursions, blocks army at Depsang’

The fresh round of dialogue comes as India and China have hit a stalemate in military talks with regard to disengagement at multiple flashpoints in Ladakh.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.