SPACs turn to 'stonks' as amateur traders take on more risk
An army of amateur traders that has fueled a rally in heavily shorted stocks, or "stonks," such as GameStop Corp , has discovered the arcane world of SPACs. They are hearing about their obscure stock market tickers on social media, from TikTok to Twitter, and placing risky bets.
View: Besides right to liberty, every citizen has a right to reputation
Arrests should be made only when the accused is likely to abscond and evade the processes of law; or when she is given to violent behaviour and likely to commit further offences if not brought under restraint. An arrest should not be made just because it is lawful for the law enforcement officer to do so.
AP choses Liberty Steel India as JV partner for construction of YSR Steel plant in Kadapa
The AP government established the YSR Steel Corporation Limited for development and operation of a new steel plant in Kadapa district and invited proposals in November last from renowned companies for inducting as a joint venture partner.
Liberty Steel signs MoU for hydrogen-based steel making in France
“Our industry needs to reinvent steel production fast, as the need to cut our emissions get ever more pressing against a backdrop of rising global demand for our products and legislative pressure to become carbon neutral,” Sanjeev Gupta, Executive Chairman of GFG Alliance and LIBERTY Steel.
Liberty Steel ties up with European firms to build France's first hydrogen-based steel plant
Liberty Steel Group is part of diversified GFG Alliance, which has a presence in India. Last year in February, GFG Alliance made a foray into the domestic steel industry with the acquisition of Adhunik Metaliks Ltd and its arm Zion Steel for about Rs 425 crore.
Team of diverse investors puts in bid for embattled PMC Bank
A consortium, led by Surinder Mohan Arora, an Indian businessman, submitted a plan on February 1, 2021, for revival and conversion of PMC Bank into a small finance bank (SFB), subject to certain conditions and regulatory forbearance from RBI.
Thyssenkrupp ends talks with UK’s Liberty on steel unit sale
Liberty Steel, led by commodities tycoon Sanjeev Gupta, last month submitted a firmed-up non-binding bid for Thyssenkrupp’s steel unit, Europe’s second biggest in terms of sales, which sources said included commitments to protect jobs and sites.
Biden pledged to reunite migrant families separated by Trump policies. What happens now?
The separations happened mostly in 2017 and 2018, because parents were being criminally prosecuted for illegal entry or over concerns about their identities or criminal histories. U.S. president Joe Biden is on Tuesday expected to announce a task force to reunify families separated at the U.S.-Mexico border
SSAB ends talks with Tata Steel on Netherlands biz take over: What’s next?
While announcing the Q2 results, steelmaker Tata Steel said that it was in discussions with SSAB concerning a possible acquisition of the IJmuiden steel mill and related downstream assets.
SC completes 71 years of functioning, has been protecting rights, liberties of citizens
The top court, which had held its inaugural sitting on January 28, 1950, came out with an official statement on the occasion and said it has been protecting rights and liberties of citizens while upholding the rule of law and the constitutional values.
Statue of Unity gets more tourists than Statue of Liberty: PM Modi
Modi inaugurated the Statue of Unity, billed as the world's tallest, in October 2018 on the occasion of Sardar Vallabhbhai Patel's 143rd birth anniversary.
Mandatory publication of notice under Special Marriages Act invasive of right to liberty and privacy: Allahabad HC
Currently, under section 5 of the Special Marriages Act, a notice in writing has to be given to a Marriage Officer of the district who then publishes it for 30 days in a "conspicuous place in his office" to invite objections to it.
Liberty Group buys SBQ Steels in its second bankruptcy acquisition
Liberty paid Rs 262.45 crore plus interest of Rs 8 crore to take the Nellore based steel company, its second acquisition through the bankrutpcy process after acquiring the bankrupt Adhunik Metaliks and its associate Zion Steel in February 2020 under the insolvency law in a Rs 425 crore cash deal.
Liberty to begin due diligence of Thyssenkrupp's steel assets in Europe
In October, the UK-based Liberty Steel had made a non-binding indicative offer to Thyssenkrupp to acquire the German steel major's assets in Europe.
Liberty Steel's Adhunik Metaliks resumes operations
Adhunik and Zion Steel were taken to the insolvency courts and had an admitted debt of around Rs 5,000 crore, according to court filings in 2017. Billionaire Sanjeev Gupta-led GFG Alliance through the steel business Liberty Steel in February announced the acquisition of Adhunik Metaliks and its arm Zion Steel for about Rs 425 crore.