Page 2 - Bhushan Steel
Top Headlines: IPL media rights & Viacom18, CBDT on cross-border disputes
Digital media rights for IPL matches could lift the OTT play of Reliance Industries-led Viacom18, posing a challenge for the current leaders. Read more in our top headlines
 "Top Headlines: IPL media rights & Viacom18, CBDT on cross-border disputes")
From debt trap to steely resolve, Bhushan Steel an outlier in IBC landscape
BSL was admitted for insolvency proceedings on July 26, 2017
 "From debt trap to steely resolve, Bhushan Steel an outlier in IBC landscape")
Tata Steel BSL sets up UV oxidation plant to treat cyanide in wastewater
Tata Steel BSL set up the world's first ultraviolet oxidation plant in the industry at its facility in Odisha's Dhenkanal to treat cyanide in coke oven wastewater, a deadly pollutant, the company said
 "Tata Steel BSL sets up UV oxidation plant to treat cyanide in wastewater")
Stressed steel plants acquired via IBC seeing faster turnaround: CRISIL
The steel plants acquired via IBC process include Bhushan Steel, Essar Steel, Electrosteel Steels, Monnet Ispat & Energy Ltd and Bhushan Power & Steel
 "Stressed steel plants acquired via IBC seeing faster turnaround: CRISIL")
Top headlines: PM blasts 'foreign interference', SA puts vaccine on hold
Business Standard brings you top news of the evening
 "Top headlines: PM blasts 'foreign interference', SA puts vaccine on hold")
Not a penny to equity holders as DHFL bidders value firm's shares at zero
Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings
 "Not a penny to equity holders as DHFL bidders value firm's shares at zero")
Covid-19 casts a new light on steel as rural India provides some succour
With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products
 "Covid-19 casts a new light on steel as rural India provides some succour")
Justice S J Mukhopadhaya: 'Argumentative' outgoing NCLAT chairman
Mukhopadhaya's recent ruling restoring Cyrus Mistry as Tata Sons chairman came as a rude shock to the salt-to-software giant
 "Justice S J Mukhopadhaya: 'Argumentative' outgoing NCLAT chairman")
Bhushan Power acquisition: JSW Steel likely to pay Rs 19,700 cr by March 15
On Feb 17, NCLAT had permitted JSW Steel to acquire the bankrupt company and granted it immunity from prosecution by the Enforcement Directorate
 "Bhushan Power acquisition: JSW Steel likely to pay Rs 19,700 cr by March 15")
ED opposes dropping ongoing investigation against Bhushan Power and Steel
This is because the immunity provided by the new provision in the insolvency law is not applicable to the new promoter (JSW Steel)
Bhushan Steel: Delhi HC to hear next week ED's plea to modify interim order
The ED had issued summons to Singal in the money laundering case registered in connection with alleged siphoning of funds worth over Rs 2,000 crore.
 "Bhushan Steel: Delhi HC to hear next week ED's plea to modify interim order")
Bank loan fraud: Ex-Bhushan Power CMD Sanjay Singhal arrested by ED
According to ED officials, Singhal was arrested under the Prevention of Money Laundering Act (PMLA) after he was questioned for several hours in the evening in connection with the case
 "Bank loan fraud: Ex-Bhushan Power CMD Sanjay Singhal arrested by ED")
Explained: How Tata Steel put its soul into debt-laden Bhushan Steel
The first of a four-part series takes a look at how erstwhile Bhushan Steel is faring as Tata Steel BSL under a new command
 "Explained: How Tata Steel put its soul into debt-laden Bhushan Steel")
SC sets aside HC order granting bail to ex Bhushan Steel CFO in fraud case
Bhushan Steel's former chief financial officer, Nittin Johari, was arrested by the SFIO on May 2 for alleged fraudulent activities, including filing false documents with various banks
 "SC sets aside HC order granting bail to ex Bhushan Steel CFO in fraud case")
NCLT approves JSW Steel's $2.7 billion bid for Bhushan Power & Steel
Bhushan Power will add 3.5 million tons a year capacity to the Sajjan Jindal-led mill's operations
 "NCLT approves JSW Steel's $2.7 billion bid for Bhushan Power & Steel")
Former Bhushan Steel CFO Nitin Johri arrested for fraudulent practices
Johri was managing the affairs of Bhushan Steel and was looking after raising of funds from banks and financial institutions
 "Former Bhushan Steel CFO Nitin Johri arrested for fraudulent practices")
CBI raids Bhushan Steel and Power's premises in Rs 2,348 cr bank fraud case
Directors of the company allegedly diverted huge amount of bank funds using their companies and shell companies
 "CBI raids Bhushan Steel and Power's premises in Rs 2,348 cr bank fraud case")
NCLT asked to decide on JSW's bid for Bhushan Power & Steel by March 31
JSW Steel had revised its offer from Rs 11,000 crore to Rs 18,000 crore and later to Rs 19,000 crore, whereas Tata Steel's last offer stood at Rs 17,000 crore
 "NCLT asked to decide on JSW's bid for Bhushan Power & Steel by March 31")
Tata aims to raise its production to 4 million tonnes in Bhushan Steel
Bhushan Steel's Odisha plant is presently operating at 3.5 MT against a capacity of 5 MT
 "Tata aims to raise its production to 4 million tonnes in Bhushan Steel")
'Power pacts between Bhushan Steel, Bhushan Energy under discussion'
Tata Steel Ltd had won the bid to acquire debt-laden Bhushan Steel Ltd through the insolvency process
 "'Power pacts between Bhushan Steel, Bhushan Energy under discussion'")
