US-China trade deal, GST Council meet, RBI minutes to guide Dalal Street this week
US agreed to a phase 1 of trade deal with China on Friday, averting Dec 15 round of tariffs.
ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
ArcelorMittal has initiated payment for acquisition of debt-ridden E...
Greta Thunberg joins Italy protest, urges youngsters to 'fight for tomorrow'
Adults are behaving as if there's no tomorrow, the activist told...
From Santa's demon sidekick to having his own day, Krampus has become a world phenomenon
Krampus has his own day - December 5 - in Austria.
Odisha Slurry lenders pick ArcelorMittal bid
Odisha Slurry owes financial creditors Rs 3,300 crore, of which Rs 2,350 crore is the principal amount.
Essar Steel: Mittals seek immunity from probes
Worries stem from BPSL case, where ED attached assets of the company after it was taken over by JSW Steel.
SAIL awaits ArcelorMittal response to take JV plans forward
When asked about chances of the JV plans getting scrapped with ArcelorMittal all set to enter India after winning Essar Steel, SAIL Chairman A K Chaudhary replied, the company had said "they need time as they were busy with Essar Steel. But let's see what they have to say now".
Completion of Essar Steel acquisition expected before the end of the year: ArcelorMittal
The acquistion will mark the entry of the world's largest steel company into India, which has emerged as the second biggest steel market in the world. Following its acquisition of Essar Steel, ArcelorMittal will be the fourth largest steel producer in the country which has set a target of achieving 300 million tonne in production.
Essar Steel: Finally bankers expect money next month
On November 15, the apex court paved the way for ArcelorMittal to take over Essar Steel for Rs 42,000 crore, giving primacy to secured creditors in any bankruptcy resolution plan. The apex court over-ruled the appellate tribunal NCLAT which asked the banks to share the proceeds equally with the unsecured creditors as well.
LN Mittal’s son Aditya may head new Essar Steel board
ArcelorMittal is integrating Essar Steel into its fold, marking the global giant's first major foray here.
Look forward to close Essar Steel acquisition soon: ArcelorMittal
The verdict came on a plea of the committee of creditors challenging NCLAT's order of July 4, in which it had approved steel tycoon Lakshmi Mittal-led ArcelorMittal's Rs 42,000-crore bid for the acquisition of Essar Steel after it rejected a plea by the lead shareholder of the debt-laden firm challenging the eligibility of the bidder.
ArcelorMittal India entry: Domestic steel firms say more players in market to spur innovation
Last week, the Supreme Court paved the way for ArcelorMittal's takeover of debt-ridden Essar Steel for Rs 42,000 crore and set aside the July 4 NCLAT order giving equal status to financial creditors and operational creditors. Following the verdict, ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this year
Italy presses steelmaker to agree deal on plant, save jobs
The French-Indian steelmaker balked at continuing to operate the steel plant after the Italian government recently removed immunity from prosecution in case of environmental damage. But the company's Italian CEO also cited various legal challenges and other difficulties it claims thwarts production goals set out in the deal with Italy.
Essar Steel verdict: What's next for bankruptcy law?
India's insolvency resolution framework has truly arrived after a tortuous journey of three years. Banks will finally be able to keep out un...
Essar Steel case order: Here's what experts say
SC said the two set of creditors will be treated differently during the insolvency proceedings and taking over of a debt-ridden firm by another company.
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