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Why Jindal Steel exited its $2.1 bn venture in Bolivia

 On July 16, Jindal Steel & Power, the flagship company of Naveen Jindal, terminated the contract to develop the El Mutun iron ore mines in Bolivia. The mines are said to have 40 billion tonnes......

Markets end flat on global cues

 Markets ended a negative session of trade on a flat note, after an attempt to recover in late noon deals. The Sensex, after touching a high of 17,425 briefly recovered to a high of 17,555. The......

'Jindal Steel will have to pay penalty'

 Bolivia has said that the multi-billion dollar contract it signed with India's Jindal Steel to develop an iron ore mine has not been rescinded, but the steel company would have to pay a penalty for......

Essar may join race for CSN's ore mines

 After Tata Steel, Essar Steel is likely to join the race for Brazilian miner and steelmaker CSN's Nacionale Minerios (Namisa), a fully integrated iron ore company. Sources close to the......

Why steel is a hot commodity in India

 India's steel industry is surging ahead, entering into global deals and taking the country's economy to new heights. The Indian government plans to invest over $350 billion in steel industries......

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