BUSINESS
ArcelorMittal emerges favourite for Essar Steel; deadline to pay dues expires today
The LN Mittal-led company on Wednesday paid off dues of Uttam Galva Steel and KSS Petron
BUSINESS
Essar Steel auction: ArcelorMittal approves payment of Rs 7,469 cr to clear dues
The company had earlier offered to pay Rs 4,554 crore to clear dues of Uttam Galva Steel and KSS Petron
BUSINESS
SpiceJet's air cargo unit SpiceXpress looks to increase capacity, reach
The company aims to eventually service up to 150 destinations in India, Asia and Europe by 2022
BUSINESS
Bhushan Power & Steel auction: All eyes now on Oct 22 hearing on Tata Steel petition
Tata Steel had moved NCLAT in April against the decision to consider Liberty House's bid. Separately, JSW Steel's bid got more than 90 percent of the votes of lenders
BUSINESS
JSW Steel takes the lead in Bhushan Power & Steel race
But this may not be the end of the auction, as Tata Steel and Liberty House could still put in revised bids
BUSINESS
Essar Steel auction: ArcelorMittal offers Rs 4,554 cr to settle Uttam Galva, KSS Petron dues; had earmarked Rs 7,000 cr
The Supreme Court, in its October 4 order, had asked ArcelorMittal and Numetal to clear the dues within two weeks
BUSINESS
Lenders to vote on offers for Bhushan Power & Steel
The voting will begin at 4pm on October 15, and will last till 4 pm on October 17
BUSINESS
Moody's rating change of Thyssenkrupp a concern for Tata Steel JV
The rating change comes after Thyssenkrupp split its business
BUSINESS
With a new CEO, AirAsia India hopes to have turned a new page
By appointing Sunil Bhaskaran as CEO, the airline has followed its tradition of appointing a non-aviation professional to run its operations
BUSINESS
Can VTB Bank, JSW Steel put in solo bids for Essar Steel?
Going by the Supreme Court order, it may not be possible
BUSINESS
Independent directors must act like Vibhishana, not Kumbhakarna: R Gopalakrishnan on corporate governance
Former Tata Sons veteran R Gopalakrishnan sheds light on how independent directors could be more effective on the backdrop of events at ICICI Bank, Yes Bank and IL&FS
BUSINESS
Jet Airways pays pilots balance 25% of August salary
Talks on between the management and pilots union on September salaries
BUSINESS
Essar Steel auction: Unclear road ahead as Numetal, ArcelorMittal mull options
The two companies are expected to write to lenders, asking for clarity on dues to be paid
BUSINESS
Essar Steel auction: Does the SC ruling mean Numetal will have to pay Rs 49,000 crore to become eligible?
The Court found Numetal's second round bid ineligible
BUSINESS
Doors to modular furniture, Tata Steel now also a consumer durables company
India's largest steelmaker hopes to replicate the success of it's doors brand Pravesh with ARTIFurn range of modular furniture.
BUSINESS
Bhushan Steel to be rechristened as Tata Steel BSL Limited
The name change is part of the post-acquisition integration exercise to merge Bhushan Steel with its new parent
BUSINESS
Jet fuel duty hike an additional burden, says IndiGo; airfares may go up 10%
The rate on ATF has been increased to 5 percent from zero. The rate change is effective from today.
BUSINESS
RPG Group flagship KEC builds diversification story to beat power blues
Even as its legacy T&D business faces headwinds, the company has diversified into railways & civil, and has forayed into into Brazil and SAARC countries.
BUSINESS
Has Tata Steel overpaid for Usha Martin unit?
Only two of the five companies in fray put in a bid. While Tata Steel's offer is valued at about Rs 4,600 crore, the second offer was of Rs 3,500 crore
BUSINESS
Tata Steel signs agreement to acquire Usha Martin unit
Sources put the deal size at Rs 4,600 crore
BUSINESS
Essar Steel auction: Attention turns to ArcelorMittal's stake sale in Uttam Galva
ArcelorMittal had sold its stake in Uttam Galva at Rs 1 a share. But Numetal contends that ArcelorMittal didn't take permission from bankers, as was required
BUSINESS
When systems failed aboard Air India's New York flight risking 370 lives, here's how pilots saved the day
With many of the systems malfunctioning, the pilots showed a lot of skill to land the aircraft safely
BUSINESS
Ahead of SC hearing, Numetal rakes up ArcelorMittal's eligibility over alleged defaults by firms owned by Lakshmi Mittal's brothers
In a letter to the RP and SBI, Numetal alleges default by firms owned by Vinod Mittal and Pramod Mittal
BUSINESS
ArcelorMittal backtracks after accusing Vedanta of environmental lapses
ArcelorMittal said it had mailed the September 15 letter "inadvertently" to Essar Steel's resolution professional.
