It will also work towards attracting foreign investment to India, it added.
DLF, one of the country's largest realty developers, has entered into an exclusive pact with private equity firm GIC to sell a minority stake sale in its rental commercial property arm, DLF Cyber City.
The Steel Ministry has asked the Steel Authority of India (SAIL) to evaluate taking over Monnet Ispat, sources close to the development told CNBC-TV18.
Balkrishan Goenka, Chairman, Welspun Group and Kiran Kumar Grandhi, vice-chairman of GMR Infrastructure Ltd, have taken over as senior vice-president and vice-president respectively.
In an interview to CNBC-TV18, Sandeep Jajodia, Executive Vice Chairman and Managing Director of Monnet Ispat spoke about scrapping Jharkhand steel project.
In an interview to CNBC-TV18, Sandeep Jajodia, executive vice chairperson & managing director, Monnet Ispat gives his expectations for the company‘s growth.
Monnet Ispat and Energy today said it is in talks to acquire a coking coal mine in Columbia which may cost it anything between USD 50-75 million (Rs 277-416 crore).
Monnet Ispat is close to acquiring a coking coal mine in Colombia and CMD, Sandeep Jajodia expects to use the coal for captive requirement as well as for trading. He further elaborated that domestic steel prices have been rangebound in the recent past and hopes the worst is over.
The inter-ministerial group (IMG) has begun its three-day review of the 67 coal blocks in the coal scam. CNBC-TV18's Anshu Sharma reports.
In an interview with CNBC-TV18’s Udayan Mukherjee, Sandeep Jajodia, Executive VC and MD, Monnet Ispat and Energy, speaks about the results and gives his outlook going forward.