Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

21-30 results from 498 for query «essar»

24 February, 2018 3:10 PM ArcelorMittal bid is higher than Numetal for Essar Steel

IRP to assess if the bidders meet the eligibility criteria Laxmi Niwas Mittal-led ArcelorMittal is understood to made the highest bid in excess of ₹50,000 crore to buy distressed Essar Steel as per Insolvency and Bankruptcy (IBC) Code, 2016 provisions. ArcelorMittal bid is said to be much more than that of Mauritius-based special purpose vehicle (SPV) 16

12 February, 2018 4:03 PM ArcelorMittal, Numetal in race for Essar Steel

Vedanta, JSW, Tata Steel keep off; ‘Essar promoter’s son Rewant is minority shareholder in Numetal and can particpate’ Steel baron L.N. Mittal-led ArcelorMittal and Mauritius-based Numetal, backed by Russian VTB Bank and Rewant Ruia as minority shareholder, have submitted bids to buy out distressed Essar Steel, in line with the corporate insolvency resolution 52

12 February, 2018 2:58 PM ArcelorMittal Submits Offer For Debt-Laden Essar Steel

Arcelor Mittal set out a detailed industrial plan for the debt-laden Essar steel to address its operational issues and aimed at improving its performance and profitability. "Essar provides a compelling opportunity for us to enter the high growth Indian steel market. The offer submitted today by AMIPL includes a detailed investment plan to address operational 54

29 January, 2018 1:11 PM Economic Survey 2018: Claims worth Rs 3.13 lakh cr under insolvency proceedings

The Economic Survey 2017-18, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP). Claims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today 23

16 January, 2018 2:24 AM Stocks in the news: TCS, Binani Cement, Essar Steel, Tech Mahindra, Kotak Mahindra Bank, Lupin, Merck

TCS | Binani Cements | Essar Steel | Tech Mahindra | Kotak Mahindra Bank | Lupin | IndiGrid | Max Ventures | Blue Star | Axis Bank | IOC | Speciality Restaurants | BSE | PVR | Bank of India | SBI and Shriram Transport Finance are stocks, which are in news today. The Bank has allotted 74,150 equity shares of Rs. 2/- each on 15.01.2018, pursuant to exercise 51

9 January, 2018 2:25 AM Stocks in the news: JP Associates, Vijaya Bank, Sun Pharma, Essar Ports, GVK, SJVN

JP Associates | Vijaya Bank | Sun Pharma | Essar Ports | GVK | Videocon Industries | Tata Motors | Unichem Labs | Orchid Pharma | Andhra Bank | NMDC | Nalco | Siemens | Adani Ports | SJVN are stocks, which are in news today. Unichem Labs Q3 net profit at Rs2,507 crore: The board has approved the buyback proposal for the purchase of its 2.06 crore equity 272

8 January, 2018 3:39 PM Essar Ports eyes 30% rise in revenue

Essar Ports’ investment of more than ₹2,800 crore in its Salaya and Vizag terminal projects is likely to boost the company’s revenue by 30% in FY19 on the back of cargo growth. “The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the Government of India,” said Essar Ports CEO Rajiv Agarwal 58

26 December, 2017 1:13 PM Essar Oilfields bags contracts from Mercator Petroluem

Essar Oilfields Services has bagged three drilling contracts from Mercator Petroleum in the Cambay Basin. The contracts involve drilling two new oil wells and an optional well in the Cambay Basin, and with these, the company expects to clock USD 48 million in revenue this financial year. "These contracts bear testimony to our 25-year expertise in the contract 50

20 December, 2017 4:52 PM Essar Oil UK posts 231% jump in profit

‘Stanlow Refinery investment helping’ Essar Oil UK, which owns and operate the Stanlow refinery in the U.K., posted a 231% jump in its half yearly net profit to $169 million, aided by a forex income of $25 million, deferred tax liability and strong refining margins. Essar Oil UK, a subsidiary of Essar Energy Limited, posted an 18% jump in its revenues 53

15 December, 2017 5:46 PM ADAG slaps suit on Cong. spokesman

The Reliance Anil Dhirubhai Ambani Group (ADAG) has filed a ₹5,000-crore defamation suit against Congress spokesperson Abhishek Singhvi in the Gujarat High Court. The suit has been filed against Mr. Singhvi for allegedly making “false and defamatory statements” at a press briefing of the Congress last month. Though the group did not comment on the law suit, a spokesperson 46