Mining Scam

Prajapati held the mining portfolio in the Akhilesh Yadav government and he is considered an influential Samajwadi Party leader.

Political instability sours business sentiment in Karnataka

Political instability has been one of the main reasons why business sentiment has taken a beating in Karnataka. But with a new Chief Minister in place the second replacement following Yedyurappa's infamous exit post the illegal mining scam, the question is are things going to change for the better? reports CNBC-TV18's Vineetha Athrey.

CBI court extends judicial custody of Reddy to Jun 18

CBI court extends judicial custody of Reddy,4 others to Jun 18

Mining loss of Rs 4000cr; invst sentiment not hit: K'tka CM

Karnataka's chief minister Sadanand Gowda today said that the state has suffered a loss of Rs 4000 crore of revenue due to the mining ban.

Yeddyurappa files bail plea after CBI raids

Former Karnataka Chief Minister BS Yeddyurappa on Wednesday filed an anticipatory bail plea in the CBI court.

Illegal mining case: CBI raids Yeddyurappa's residence

The Central Bureau of Investigation (CBI) on Wednesday conducted raids at former Karnataka Chief Minister BS Yeddyurappa's residence in Bangalore in connection with the mining scam.

Court to hear Yeddyurappa's bail plea today

Former Karnataka chief minister BS Yedyurappa's bail hearing is scheduled for Friday. There are six cases against him. He was jailed on October 15 following two complaints.

See volatility in metal space; bet on defensives: Macquarie

The current environment in financial markets worldwide is adversely impacting commodity stocks, believes Rakesh Arora, head of research at Macquarie Capital Securities (India).

Hearing on Reddys' case adjourned till tomorrow

A special CBI court today adjourned till Thursday the hearing on a plea, seeking custody of former Karnataka Minister Gali Janardhan Reddy and Managing Director of Obulapuram Mining Company B V Srinivas Reddy, both of whom were arrested for alleged illegal mining activities.

Politician-businessmen nexus, a cause for concern

On CNBC-TV18's India Tonight, Karan Thapar explores the dark connection between businessmen and politicians as highlighted by Justice Santosh Hedge's report on the mining scam in Karnataka.

NMDC slams Lokayukta as being factually incorrect

Rana Som, chairman of the public entity, today lashed out at Lokayukta, calling the allegations ‘incorrect and baseless’. Som told CNBC-TV18’s Mehak Kasbekar that the company was shocked by the allegations of the Lokayukta.

Mining scam: Tata Metaliks may close Goa plant

As a direct fall-out of the iron ore mining scam in Karnataka, pig iron manufacturer Tata Metaliks Limited might have to close down its Goa plant in a week, a top company official said.

No ban on Sesa Goa's operations, says MD

In an exclusive interview to CNBC-TV18, PK Mukherjee, managing director of Sesa Goa clears the air by saying that there was no ban on the company’s mining operations in Karnataka.

Nifty to trade in 5300-5700 range, avoid metals: PN Vijay

PN Vijay, Portfolio Manager, in an interview with CNBC-TV18's Udayan Mukherjee, gives his views on the market and picks top stocks for the day.

BJP Parliamentary Board asks Yeddy to quit immediately

Embattled Karnataka Chief Minister B S Yeddyurappa was today asked to resign immediately by the BJP's top brass after it decided for a change in leadership in the state, a day after his severe indictment by the Lokayukta in the illegal mining scam.

BJP decides to give up Yeddyurappa

The BJP Parliamentary Board will meet here today to decide the fate of Karnataka Chief Minister B S Yeddyurappa amidst signs that his continuance in office could be untenable in wake of the Lokayukta indictment in the mining scam.