Advisers evaluating the offers for Essar Steel suggest that both bids for the insolvent company be disqualified.
PNB fell the most in a week after reporting a $1.8 billion fraud in a Mumbai branch.
Indian lenders are about to embark on a huge selloff of assets owned by companies that can’t repay their debts.
ArcelorMittal is competing with a consortium led by Russia’s VTB Group as bids come in for Essar Steel.
Tata Steel plans to double production capacity in India.
JSW Steel’s profit more than doubled in Q3 as it prepares to acquire more assets.
India is considering to hand over control of iron ore and coking coal mining to the steel ministry.
JSW Steel in snapping up Bhushan Steel and Monnet Ispat for a consolidation row to clear-out distressed assets.
Shares of HEG surged more than 1,400% last year.
A $26 billion battle is heating up as tycoons vie to remake India’s steel industry.
Tata Steel board approves plan to raise capital via rights offer.
India’s silver imports may keep rising next year after bouncing back this year from a four-year low in 2016.
Iron Ore From Paradise Wins No Takers as China Upends Market
Slashing taxes will bring India at par with international centers such as Antwerp and Israel.
Cotton output in India, the world’s biggest grower, may increase to a three-year high.
ArcelorMittal seeks to gain a foothold in the growing Indian market with its proposed joint venture with SAIL.
Elevated gold supplies and subdued demand in the domestic market are likely to weigh upon Indian gold imports.
Government has ordered belt-tightening and asset disposals at the loss-making 63-year-old mill, SAIL.
For jewelers in the world’s second-largest gold market, business is yet to recover from demonetisation.
Demand in 2017 is more likely to be at the lower end of the range forecast in February.
Copper Consumption to Get Boost as World Wagers on Electric Cars