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SC orders status quo on 3 coal blocks, issues notice to JSPL

Last Updated: Tuesday, July 21, 2015, 00:52

The Supreme Court Monday ordered maintainance of status quo on three coal blocks in Odisha and one in Chhattisgarh, which the Delhi High Court had directed to be excluded from the auction process.

Tata Steel to raise up to Rs 10,000 cr; may 'right-size' assets

Last Updated: Monday, July 20, 2015, 21:36

Tata Steel will seek shareholders nod to raise as much as Rs 10,000 crore through securities to meet capital requirements.

Posco shifts focus from Odisha project citing 'no progress'

Last Updated: Friday, July 17, 2015, 21:15

Steel giant Posco has shifted its focus from the USD 12-billion proposed steel plant in Odisha citing "no progress" in the project.

Coal scam: Court commences recording of evidence in RSPL's case

Last Updated: Friday, July 17, 2015, 19:42

The trial in a coal scam case in which charges were framed against Delhi-based Rathi Steel and Power Limited (RSPL) and its three officials Friday commenced before a special court, which recorded the statements of two CBI witnesses.

Posco suspends $12 billion Odisha project

Last Updated: Thursday, July 16, 2015, 21:00

South Korean steel giant Posco has put on hold its USD 12 billion steel project in Odisha due to delays in various regulatory approvals.

Not quitting Odisha: Posco

Last Updated: Thursday, July 16, 2015, 18:55

The company is reducing its unused office space and other expenditure as part of massive global cost restructuring programme, said a person in the know of developments.

Tata Steel says 720 UK jobs could become redundant

Last Updated: Thursday, July 16, 2015, 15:52

Tata Steel said 720 British jobs could become redundant in its speciality and bar business, which is being refocused on high-value markets such as aerospace.

Tata Steel up over 2% as UK pension dispute ends

Last Updated: Thursday, July 16, 2015, 13:07

Shares of Tata Steel jumped over 2 percent today following resolution of a major labour dispute at the UK arm of the company.

Strong economic growth in India to revive steel demand: Moody's

Last Updated: Monday, July 13, 2015, 18:57

Rating agency Moody's Monday projected an increase in demand for steel in India on the back of strong economic growth and revival of infrastructure spending.

Simon Wandke becomes ArcelorMittal Mining CEO

Last Updated: Friday, July 10, 2015, 23:46

He has also been nominated as ArcelorMittal's Executive Vice President.

Lenders nod to Bhushan Steel for Rs 30K crore loan restructuring

Last Updated: Wednesday, July 8, 2015, 21:05

Bhushan Steel Ltd (BSL) has received lenders' approval for long-term restructuring of about Rs 30,000 crore loans under a scheme of Reserve Bank of India.

India's push to curb steel imports could hit its small mills

Last Updated: Wednesday, July 8, 2015, 13:51

Steps by India to protect its large steelmakers from a flood of cheap imports could end up closing scores of small, local firms that process the metal, industry analysts and executives said.