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Enforcement Directorate links over $500 mn Bhushan Power assets to fraud probe

Manufacturing

14 October, 2019

Enforcement Directorate links over $500 mn Bhushan Power assets to fraud probe

India’s financial fraud agency said on Saturday assets worth 40.25 billion rupees ($567.60 million) of Bhushan Power & Steel Limited ......

Nifty, Sensex mark worst losing streak since July

Markets

07 October, 2019

Nifty, Sensex mark worst losing streak since July

Indian shares ended lower for a sixth straight session on Monday, led by losses in steelmakers and energy stocks as ......

Podcast: JSW bags another stressed asset; foreign investors may get policy push

Investor Bulletin

06 September, 2019

Podcast: JSW bags another stressed asset; foreign investors may get policy push

Two years after the Reserve Bank of India asked banks to start bankruptcy proceedings against Bhushan Power & Steel Ltd, ......

NCLT approves JSW's $2.7-bn bid for Bhushan Power & Steel

Manufacturing

05 September, 2019

NCLT approves JSW's $2.7-bn bid for Bhushan Power & Steel

The National Company Law Tribunal (NCLT) has approved billionaire Sajjan Jindal-led JSW Steel Ltd’s offer of Rs 19,700 crore ($2.7 ......

Sensex recovers on boost from banks, steelmakers

Markets

04 September, 2019

Sensex recovers on boost from banks, steelmakers

Indian shares ended higher on Wednesday, as gains in banking and steelmaker shares helped markets recover from earlier losses, with ......

Sensex, Nifty close higher as Fed chief rekindles rate-cut hopes

Markets

11 July, 2019

Sensex, Nifty close higher as Fed chief rekindles rate-cut hopes

Indian shares ended higher on Thursday, driven by broad-based gains and tracking strength across global equities, after dovish comments by ......

Asian Colour Coated Ispat's lenders approve takeover offer from JSW Steel

Manufacturing

01 July, 2019

Asian Colour Coated Ispat's lenders approve takeover offer from JSW Steel

Lenders to Asian Colour Coated Ispat Ltd have approved an offer from Sajjan Jindal-led JSW Steel Ltd to acquire the ......

Grapevine: Twitter may invest in ShareChat; JSW weighs British Steel bid

General

07 June, 2019

Grapevine: Twitter may invest in ShareChat; JSW weighs British Steel bid

Microblogging site Twitter Inc. may invest more than $50 million (Rs 346 crore) in Indian vernacular social networking app ShareChat, ......

Sensex ends in the red as financial stocks take a hit

Markets

29 May, 2019

Sensex ends in the red as financial stocks take a hit

Indian shares settled lower on Wednesday, dented by financial and material stocks such as State Bank of India and JSW ......

Sensex posts best week since November on euphoria over Modi victory

Markets

24 May, 2019

Sensex posts best week since November on euphoria over Modi victory

Indian shares jumped over 1.5% on Friday on hopes that Prime Minister Narendra Modi would pursue business-friendly policies following his ......