Steel wire and wire rope maker Usha Martin Ltd has posted a profit of Rs 67.68 crore in the fourth quarter, riding on the commodity boom. The company had earned a meagre Rs 0.9 crore profit on a conso...

The Prashant Jhawar family, the aggrieved promoter group of steel wire rope maker Usha Martin Ltd, has offloaded a fresh lot of shares in the open market, widening the gap with the other faction of th...

The CBI on Saturday arrested a recently retired agency officer, who had probed the fodder scam and other highprofile cases, on bribery charges. Sources said N.M.P. Sinha, who had retired in August, w...

Peterhouse Investments Ltd, a promoter group company belonging to the Basant Jhawar-Prashant Jhawar faction of Usha Martin Ltd (UML), is offloading shares of the company in the open market.The first b...

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.At lea...

Rajeev Jhawar has cornered a slender edge over his warring cousin Prashant Jhawar in the battle of ownership for Usha Martin Ltd.The two factions, both promoters of the wire and wire rope maker, had n...

Tata Steel has managed to generate positive free cash flow for the first time in more than a decade as the company’s strategy to re-focus squarely on the Indian market is beginning to pay off.The co...

The family of Rajeev Jhawar, a promoter and the managing director of Usha Martin Ltd, is raising its stake in the wire and wire rope maker again.Taking advantage of the rout in the bourses, where oil ...

A series of price cuts along with international headwinds have taken the sheen off steel but the inherent demand of the alloy remains robust, Koushik Chatterjee, executive director and chief financial...

The consent of Prashant Jhawar, who, along with his father Basant K. Jhawar, holds more than 25 per cent in Usha Martin (UML), will decide the fate of the deal with Tata Steel. Prashant is locked in a...