Russia’s largest gold miner Polyus (PLZL.MM) said on Monday that plans to sell a 10 percent stake to a consortium led by China’s Fosun International (0656.HK) had been dropped after one of the conditions of the...
NCLT orders shutting NRE Coke but with a twist!
National Company Law Tribunal’s Kolkata chapter has ordered liquidation of Gujarat NRE CokeBSE -2.11 %, a company that failed to resolve the Rs. 4,900 crore default case. But, there is twist! For the first time...
Balasore Alloys to acquire 70% share in Zimbabwe Alloys
Balasore AlloysBSE -2.27 %, a Pramod Mittal group company, has entered into a deal to acquire 70% share of Zimbabwe Alloys consequent upon a scheme of arrangement sanctioned by the High Court of Zimbabwe on December 20...
Singareni Collieries to invest Rs 10K cr on expansion in 5 years
Singareni Collieries Company Ltd (SCCL) will be investing about Rs 10,000 crore during the next five years on expansion programmes with a target to achieve Rs 34,000-crore revenues by then, said a top official. N...
Samvardhana Motherson acquires MS Global India from Korea-based MS Group
Samvardhana Motherson International Ltd (SAMIL), the holding firm of auto component major Samvardhana Motherson Group, on Thursday said it has acquired 100 percent stake in MS Global India Pvt Ltd (MSGI) from Korea...
Hindalco likely to bid for $2.5-bn US-based aluminium firm Aleris
Hindalco Industries is among potential buyers that submitted bids for US aluminum producer Aleris, people with knowledge of the matter said, as Indian billionaire owner Kumar Mangalam Birla moves ahead with plans to...
Cairn India buys Japanese LCD Panel co for $158 mn
Anil Agarwal-led VedantaBSE 1.89 % arm Cairn IndiaBSE 0.90 % has acquired controlling stake in AvanStrate, a Japanese manufacturer of LCD glass substrate, with an investment of $158 million, the company informed the...
Australia’s Wesfarmers to sell Curragh coal mine for $539 million
Wesfarmers Ltd (WES.AX) said on Friday it would sell its Curragh coal mine in Queensland to Texas-based Coronado Coal Group for A$700 million ($539 million). Coronado Coal is owned by Texas-based private equity group...
JSW Techno Projects Management Ltd to acquire 49% shares BRPL in Odisha
JSW Techno Projects Management Ltd, a promoter company of Sajjan Jindal’s JSW, is acquiring 49% shares Brahmani River Pellets (BRPL) in Odisha. The company informed the BSE on Friday that it said it had signed a...
Vedanta to raise Rs 500 crore via NCDs
Vedanta Ltd today announced it proposes to raise up to Rs 500 crore via issuance of non- convertible debentures (NCDs). “We would like to inform you that the company proposes to offer rated, secured, redeemable...
Hindustan Copper gets nod for JV firm with MECL, Nalco
Hindustan Copper Ltd (HCL) has obtained approval from its board of directors to form a joint venture (JV) company with Mineral Exploration Corp. Ltd (MECL) and Nalco Ltd. The JV would help in the formation of a joint...
Anil Agarwal plans Rs 10,000 crore investment in Jharkhand
Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated steel plant. Agarwal, who hails from the region, said the project will...
