MUMBAI: reported a blockbuster set of earnings for the quarter ended March with both the botttomline and topline handsomely beating analysts’ expectations. The state-owned bank’s earnings were boosted by the resolution of a large corporate loan account after made payment for the acquisition of Bhushan Power & Steel during the quarter. The lender’s net profit … Read more
NEW DELHI: The government will open bids received for commercial coal mining blocks on Wednesday as the Supreme Court refused to stay the auctions. Vedanta Group, Adani Group, Jindal Steel & Power Ltd and JSW Steel are among the companies believed to be eyeing the coal blocks with which India will open up the coal … Read more
Mumbai: The Enforcement Directorate (ED) probing a money laundering case against erstwhile management of Bhushan Power & Steel Limited (BPSL), has come across alleged ‘clandestine clearances’ of finished goods from its Odisha Plant to its plants at Kolkata and Chandigarh. According to the agency, goods valued at Rs. 700 crore had been allegedly cleared without … Read more
Mumbai/ Kolkata: JSW Steel exported nearly 53% of its total sales volume during the June quarter of FY21. A drop in domestic demand, disruption in supply chain and acute shortage of construction labour were among the factors that led one of the top steelmakers to boost export volumes during the quarter. “The company achieved a … Read more