JSW Steel’s Rs 19,700 crore offer for debt-laden Bhushan Power and Steel (BPSL) has been backed by around 90 per cent of lenders, a source in the know of the matter said.
Railway Minister Piyush Goyal has instructed IRCTC to use the two saloons earmarked for him for the general public’s use, a source said.
The government Wednesday began roadshows to attract investors for building its second phase of strategic oil storage at a cost of over Rs 11,000 crore that would more than double the emergency cover against any supply disruption to 22 days.
Terming Essar Steel as “unique and compelling opportunity” to gain foothold in India, steel giant ArcelorMittal said Wednesday it will pay Rs 7,469 crore to the creditors of Uttam Galva and KKS Petron to be eligible to acquire the debt-laden firm, as per Supreme Court order.
Country’s largest steel producer SAIL has said it is regularly developing high-quality products that are relevant to the need of the country and the market.
Railways is preparing to ferry around 16 crore passengers in the next 30 days to clear the festival rush, an official of the railway board said.
Oil minister Dharmendra Pradhan Tuesday said the government does not interfere in the pricing of petroleum products which had been deregulated, allowing state-owned retailers to fix rates based on the international benchmark.
Crippled IL&FS group faced Tuesday more embarrassments after India Ratings downgraded its various mutual fund schemes and placed them on a rating watch negative (RWN).
Both sides deliberated on opportunities for cooperation and investment in both countries.
A group of 31 suspected Bangladeshi nationals who allegedly entered the country illegally were apprehended on Monday from Guwahati Railway Station, according to police.