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Loan recast delay hits Essar Steel

Essar Steel's proposal was to bring in fresh equity of Rs 2,500 crore into the company.....»»

Category: topSource: business-standardJun 19th, 2017

Essar Steel wants oversight panel to vet debt recast plan

RBI should take into account Essar's improved finances, Rs 3,500-cr interest payment to banks.....»»

Category: topSource: business-standardJul 6th, 2017

Lenders want Ruias to infuse Rs 2,500 crore in Essar Steel

To agree to debt-recast plan after Essar Steel gets fresh equity from promoters.....»»

Category: topSource: business-standardMay 9th, 2017

Essar Steel faces delay in forest clearance to mine Odisha block

The govt's delay in identification of land for compensatory afforestation has put the brakes on expediting forest clearance.....»»

Category: topSource: business-standardNov 25th, 2016

Banks may seek more bids for Essar Steel loans

Banks with loan exposure of over Rs 40,000 crore to Essar Steel have received a proposal from SSG Capital to buy the debt at half the price.....»»

Category: topSource: business-standardSep 24th, 2016

Banks to meet on Essar Steel debt recast today

Essar Steel carry's Rs 40,000 crore debt as on March 31, 2016.....»»

Category: topSource: business-standardSep 6th, 2016

BSE Metal index hits 6-year high; Tata Steel, Jindal Steel hit 52-wk highs

Thus far in the current calendar year 2017, the S&P BSE Metal index rallied 42% against 21.5% rise in the Sensex......»»

Category: topSource: business-standardOct 13th, 2017

Japan"s benchmark Nikkei index just closed at its highest level since 1996 (5406, , 2282, 2002, 9020, 9021, 7203, 7211, 7261)

Thomson Reuters Nikkei hits 21-year closing high, Topix at decade-high. Defensive stocks lead gains, turnover lacklustre. Kobe Steel plunges 20% to near 1-year low TOKYO (Reuters) - Japan's Nikkei share index closed at its.....»»

Category: topSource: businessinsiderOct 11th, 2017

Kobe Steel scandal hits Boeing, Toyota and Nissan

Japan's third biggest steelmaker has admitted falsifying inspection data on an estimated 20,000 tons of metals shipped to about 200 customers......»»

Category: topSource: bizjournalsOct 11th, 2017

Essar Steel insolvency case: IRP seeks suggestions on resolution plan

National Company Law Tribunal (NCLT)-appointed resolution professional Satish Kumar Gupta has invited expression of interest (EOI) for a resolution plan for Ruias-owned Essar Steel on October 23, at or before 5 PM. Any pote.....»»

Category: topSource: business-standardOct 6th, 2017

Khattar blames Punjab for delay in Honeypreet arrest; Amarinder hits back

Aamrinder Singh lambasted Khattar for raising questions about the role of the Punjab Police in the case.....»»

Category: topSource: business-standardOct 5th, 2017

NCP flays Maharashtra govt over delay in farm loan waiver packages, threatens agitation

The National Congress Party (NCP) led by Sharad Pawar has indicated that it may launch an agitation against the Devendra Fadnavis government after Diwali over the delay in providing loan waiver pack........»»

Category: topSource: thehindubusinesslineOct 3rd, 2017

Bhushan Steel, Essar Steel low-hanging fruit for buyers

Essar Steel and Bhushan Steel are in the high-margin flat products business.....»»

Category: topSource: business-standardOct 3rd, 2017

NPA woes: IOB sells Rs 1,600 cr exposure in Essar Steel to Edelweiss ARC

The bank is looking at all options, including selling the assets and the NCLT route for reducing the NPA burden.....»»

Category: topSource: business-standardSep 28th, 2017

Essar Steel production falls by 15% as IRP takes charge

Mumbai, 25 September With auditors at the helm of running Essar Steel, and banks refusing to lend more funds, production at the company's Hazira refinery is down 15 per cent on a month by month basis in August since the insolvency.....»»

Category: topSource: business-standardSep 25th, 2017

Steel ministry criticises SAIL as shortage hits railway upgrade

India's mammoth state railways, hit by a spate of accidents, is trying to modernise its ageing tracks, but steel shortages have stymied progress.....»»

Category: topSource: business-standardSep 23rd, 2017

Ohio senators press Ross on steel import probe

Two Ohio senators on Friday said a delay in the Trump administration's probe into steel imports has allowed foreign competitors to dump steel into the U.S. market. "Further postponement.....»»

Category: topSource: marketwatchSep 15th, 2017

Murdoch Bid for Sky Control Hits New Bump as U.K. Official Hints at Inquiry

A detailed review by competition regulators would delay the $15 billion acquisition by 21st Century Fox and cast further uncertainty over the proposed deal......»»

Category: mediaSource: nytSep 12th, 2017

Tata Steel hits over 6-year high after UK regulator approves pension scheme

The stock was up nearly 5% to Rs 692, its highest level since January 2011......»»

Category: topSource: business-standardSep 12th, 2017

Essar is looking at $15-bn revenue in FY18 and hopes to rebid for steel biz

Debt-laden group is focusing on operational efficiencies and hopes to rebid for its steel business.....»»

Category: topSource: business-standardSep 4th, 2017

Essar group goes back to basics

Debt-laden group is focusing on operational efficiencies and hopes to rebid for its steel business.....»»

Category: topSource: business-standardSep 4th, 2017