Steel
Liberty acquires European steel assets of ArcelorMittal for $740 million
01 Jul 2019
The deal brings Liberty Steel’s total rolling capacity to over 18 million tonnes, covering a wide range of finished products, and catapults it into top 10 steel producers globally outside China
British Steel falls into liquidation after failing to secure funding
22 May 2019
British Steel has already secured government loan of around 120 million pounds ($154 million) and the only option for the government is to take over the business
EC refuses to clear Tata Steel-Thyssenkrupp joint venture
10 May 2019
Tata Steel said the two companies had proposed a comprehensive package of remedies covering all the areas of concern highlighted by the European Commission and that any additions to the remedy package would adversely affect the basic foundation of the proposed joint venture
Tata Steel’s net profit falls 84% to Rs2,295 crore in Q4
26 Apr 2019
Consolidated net profit of the company for the financial year 2018-19 declined 49 per cent to Rs9,098 crore from Rs17,564 for the previous fiscal
India’s steel exports rise 16.7% in 2017-18
05 Feb 2019
NCLT rejects Essar Steel’s plea to withdraw
30 Jan 2019
The National Company Law Tribunal has rejected a plea by the Ruias in the Essar Steel case, saying there is no illegality in the lenders accepting the proposal by ArcelorMittal
GAIL, Getco seek rejection of ArcelorMittal’s Essar Steel bid
20 Nov 2018
Essar Steel Asia Holding Ltd, the promoter of Essar Steel, had proposed to pay Rs54,389 crore that would cover all dues of the financial and operational creditors
Tata Steel, Thyssenkrupp joint venture faces deeper EU probe
31 Oct 2018
The European Commission is reported to have stated that its initial probe “raised several issues,” especially relating to combining the companies’ offer of certain specialty flat carbon steel and electrical steel products
ArcelorMittal wins bankrupt Essar Steel despite Ruias’ last ditch effort
26 Oct 2018
Once all regulatory processes are completed, ArcelorMittal, the world’s top steel maker, will jointly own and operate ESIL in partnership with Nippon Steel and Sumitomo Metal Corporation, Japan’s largest steel producer and the third largest steel producer in the world
Tata Steel to acquire Usha Martin’s steel biz for up to Rs4,700 cr
24 Sep 2018
Usha Martin is amongst the largest wire rope manufacturers in the world and a leading speciality steel producer in India
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HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
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Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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