"We are deeply concerned about the recent allegations involving a senior executive in our company. We recognize the gravity of the situation and are committed to addressing it with utmost seriousness, care, integrity, and urgency," Vulcan Green Steel said in a statement.
Hopefully, the Singhania family dispute will soon get resolved and Jindal will be cleared of the charges. But what happens in the interim? Should the two step down till such time as their personal issues are sorted?
India currently consumes just over 80,000 tons of nickel annually and almost all of it is imported. The country is expected to be one of the key markets that will drive nickel demand alongside China in the coming decade
Savitri Jindal, who took over her husband’s steel and power conglomerate after his sudden death in 2005, saw her fortune rise by $12 billion in just the last two years.
The company said all speculations/rumours with respect to payment default are "baseless and false in nature".
Earlier, the court had allowed CBI to quiz Singhal and further probe the matter before answering his application.
A special court on May 20 allowed CBI's plea to question a Jindal group's chartered accountant, who is an accused and has sought to turn approver in a coal scam case involving industrialist Naveen Jindal and others
the fundamental problem with the coal auctions is the segregation of mines for power and non-power. Once you do this, the mines earmarked for power will draw only power sector players, and this automatically reduces the numbers of bidders (and bid values) for each mine.
Parakh has hit out at the PM, saying if he is to be blamed for the scam, then the PM too is an accused.
One can short JSW Steel, says Sudarshan Sukhani of s2analytics.com.
The bail plea of two senior editors of Zee news, Samir Ahluwalia and Sudhir Chaudhary, will come up in a Delhi court on Saturday.
The Delhi Police Crime Branch on Wednesday asked Zee Network promoter Subhash Chandra to join the investigation into the extortion claims made by the Jindal Group.