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IMG recommends cancellation of two coal blocks

 The Inter-Ministerial Group on coal blocks on Saturday decided to recommend cancellation of two mines awarded to Bhushan Steel and SKS Ispat & Power, and forfeiture of bank guarantees for two other......

'For Tata Steel, It Will Be Better Than Last Year'

 'When you look at reviving private sector capex, I don't think there's a better story than steel.' Photograph: Andrew Yates/Reuters Tata Steel has a lot on its plate -- restructuring the business......

Tata Steel to bid for iron ore mines ahead of expiry of leases in 2030

 Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. Photograph:......

Betting on India's growth, top steel firms in midst of big expansion plans

 On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. Photograph: Amit Dave/Reuters The......

How Adani Saga Affects Indian Banks

 While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much......

What makes Essar steel sector's comeback kid

 Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. Photograph: Vivek Prakash/Reuters They also ended up......

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