New Digest: Essar Steel rebid, BJP-Cong lock horns on FB data, and more

From Essar Steel rebidding to Flipkart's leadership, BS brings you latest stories to keep up with the latest news

Essar Steel set for rebid as lenders reject Arcelor, Numetal offers

 

The State Bank of India-led consortium of lenders called for a second round of bidding for Essar Steel on Wednesday. All the six companies that had submitted expressions of interest (EoIs) earlier have to submit their bids by April 2.  Read more

 

BJP and Congress accuse each other for hiring Cambridge Analytics

 

The Bharatiya Janata Party (BJP) and the Congress party on Wednesday indulged in some trenchant name calling, that matched their current slugfest in the virtual world, over who among the two has used the services of Cambridge Analytica, a data mining firm under probe for using data of millions of Facebook users without their consent for influencing the US presidential election. Read more

 

Sebi may impose trading curbs on cos undergoing insolvency proceedings

 

The Securities and Exchange Board of India (Sebi) may impose trading restrictions on shares of companies that are undergoing insolvency proceedings. The move, which is also a demand by industry players, is aimed at reducing volatility in stock prices and curbing manipulation or misuse of price-sensitive information. Read more

 

Capacity utilisation up in select sectors; may lead to investment revival

 

There are early signs of an uptick in capacity utilisation in select sectors, which could be a precursor to an investment revival. Utilisation rates are on the rise in cement, automobile ancillaries, engineering, casting and sheet metals, industry players told Business Standard.  Read more

 

Flipkart's silent soldiers: Men who will lead the firm in its next innings

 

During the past two years and more, the baton of leadership at Flipkart saw quick change of hands. There were times when access to capital was considered the biggest constraint, as rival Amazon was continuing to splurge to march ahead. But Flipkart stay focused on to its core belief and execution capability, and the results are quite visible today, as it not only continues stay ahead in the race in almost every category, but global investors are also now more than willing than before to put their bet here. Read more