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UPDATE 2-Appeal court rules Nigerians cannot pursue Shell spill claim in England

2018-02-14 reuters
LONDON/YENAGOA, Nigeria (Reuters) - The Court of Appeal in London ruled on Wednesday that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills in Nigeria’s Delta region. (21-0)

News Live: Five killed, 15 injured in Cochin Shipyard blast

2018-02-13 moneycontrol
Five people have been killed and 15 injured in a massive blast at Cochin Shipyard, reports CNN-News18. (20-0)

News Live: Opec chief says he has Putin#39;s word that Russia won#39;t flood the market with oil

2018-02-13 moneycontrol
Retirement fund body EPFO is expected to keep interest rate unchanged at 8.65% on provident funds for its about 5 crore members for FY18 at its trustees' meet on February 21, 2018, sources told PTI. The Employees Provident Fund Organisation (EPFO) has already sold exchange traded funds (ETF) worth Rs 2,886 crore earlier this month to bridge the gap to maintain 8.65% for this fiscal, they said. (20-0)

Renaissance Steel questions Tata Steel, Vedanta#39;s eligibility for Electrosteel bid

2018-02-07 moneycontrol
Renaissance Steel has questioned the eligibility of Tata Steel and Anil Agarwal-run Vedanta to bid under the bankruptcy process alleging the move to be a breach of the law, reported Economic Times.  (8-0)

Supreme Court cancels iron ore mining permits in Goa - TV

2018-02-07 in.reuters
NEW DELHI (Reuters) - India’s top court has quashed all iron ore mining permits in Goa state, one of the country’s top producing areas for the steel raw material, local television channels reported on Wednesday.

Vedanta Q3 net profit slips 4% to Rs 20.53 billion, lags estimates

2018-01-31 business-standard
Vedanta Ltd, the Indian unit of diversified miner Vedanta Resources Plc, reported an about 4 per cent fall in third-quarter profit on Wednesday, missing analysts' estimates. (1-0)

Vedanta Q3 profit slips about 4% to Rs2,053 crore, lags estimates

2018-01-31 livemint
Bengaluru: Vedanta Ltd, the Indian unit of diversified miner Vedanta Resources Plc, reported an about 4% fall in third-quarter profit on Wednesday, missing analysts’ estimates. (1-0)

Vedanta third quarter profit slips, lags estimates

2018-01-31 in.reuters
(Reuters) - Vedanta Ltd, the Indian unit of diversified miner Vedanta Resources Plc, reported an about 4 percent fall in third-quarter profit on Wednesday, missing analysts’ estimates.

ArcelorMittal, Japan#39;s Nippon Steel mulling joint bid for Essar Steel

2018-01-29 moneycontrol
Two of the biggest steel companies in the world, ArcelorMittal and Japan's Nippon Steel, are planning to put in a joint bid for bankrupt steelmaker Essar Steel, according to a report by The Economic Times. (8-0)

JSW Steel seeks to buy Bhushan Steel, Monnet assets

2018-01-24 livemint
Mumbai: JSW Steel Ltd is interested in snapping up two struggling rivals, Bhushan Steel Ltd and Monnet Ispat & Energy Ltd, as part of an industry-wide wave of consolidation sparked by a new bankruptcy law designed to clear out distressed assets. (3-0)

Deals Buzz: Lenders may drag Videocon arms to bankruptcy court

2018-01-18 livemint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (42-0)

Hindalco’s Aleris acquisition bid may face competition from Vedanta

2018-01-18 livemint
Mumbai: Mining mogul Anil Agarwal’s Vedanta Resources Plc. is considering a bid for Aleris Corp., a move that may pit it against Hindalco Industries Ltd’s $2.5 billion bid for the US-based aluminium products maker, two people aware of the development said. (15-0)

India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan

2018-01-16 rigzone
BARMER, INDIA, Jan 16 (Reuters) - Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

PM Modi launches $6.8 billion refinery in Rajasthan

2018-01-16 in.reuters
BARMER, INDIA (Reuters) - Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

Deals Buzz: Vedanta leads Electrosteel race with highest offer

2018-01-09 livemint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.