Tata Steel has won the race to acquire the steel business of Usha Martin. The all-cash transaction will see the Tata group firm paying Rs 4,300-4,700 crore, subject to various transaction terms.
The consent of Prashant Jhawar, who, along with his father Basant K. Jhawar, holds more than 25% in Usha Martin, will decide the fate of the deal with Tata Steel.
A temporary national cess on some items is in the works to fund rehabilitation in states struck by natural calamities.
By Our Bureau
By Our Special Correspondent
By A Staff Reporter
Hindalco, the Aditya Birla group flagship, is planning to enrich its product mix and evaluating investments in aluminium downstream facilities.
The RBI announced guidelines on co-origination of priority sector loans by banks and non-banking companies with view to increasing the flow of funds various sectors that come under such lending.
Mysterious plunge and inexplicable clawback
Reliance Industries has permanently shut down its only oilfield in the KG-D6 block due to its dwindling output.
The paper and packaging arm of the Emami Group is setting up the plant at a proposed investment of Rs 2,000 crore.
Friday’s market crash has put the spotlight on whether at least some of these firms will have to bear the adverse impact of a liquidity crunch.
