NEW DELHI: Supreme Court on Friday quashed the acquisition of bankrupt Bhushan Power & Steel Ltd by JSW under the Insolvency and Bankruptcy Code and ordered liquidation of the debt-ridden company, in a blow to the Sajjan Jindal-led group and public sector banks, reports Amit Anand Choudhary.The court said there were multiple violations of law…
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Energy and Oberoi Realty are the top stocks to buy today:JSW Energy – Buy in the range between Rs 525 & 520; Stoploss: Rs 501JSW Energy has broken a flag pattern…
JSW Steel is now ahead of US-based Nucor Corp, which held a market capitalisation of $29.92 billion. Sajjan Jindal-led JSW Steel has achieved a significant milestone by becoming the world’s highest-valued steelmaker, with its market capitalisation exceeding $30 billion on Tuesday.The impressive performance of JSW Steel’s stocks is attributed to a broader upward trend among…
NEW DELHI: JSW Cement, part of Sajjan Jindal-promoted diversified JSW Group, has received Sebi’s go ahead to raise Rs 4,000 crore through an initial public offering (IPO), an update with the markets regulator showed on Monday. The initial share sale comprises a fresh issue of equity shares worth Rs 2,000 crore and an Offer-for-Sale (OFS)…
NEW DELHI: JSW MG Motor India on Wednesday reported a 55 per cent increase in sales at 7,516 units in December 2024, as compared to the year-ago month. The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent of the total sales with its…
NEW DELHI: Sajjan Jindal-promoted JSW Energy on Friday announced an all-cash deal to acquire green energy business of O2 Power, backed by Swedish private equity firm EQT and Singapore’s state investment arm Temasek, for Rs 12,468 crore, or about $1.4 billion.The largest acquisition by JSW is part of its strategy to achieve 20 gigawatts (GW)…
CHENNAI: After SAIC (which owns MG) , Sajjan Jindal’s steel-to-paints conglomerate JSW Group is in talks with multiple auto majors for more electric vehicle joint ventures. According to sources with direct knowledge of the matter, among the OEMs that JSW is in talks with is Chinese auto major Geely. JSW, say sources, is betting aggressively…
NEW DELHI: In another significant action, Enforcement Directorate (ED) on Saturday said it restituted properties worth Rs 4,025 crore to JSW, a successful resolution applicant of the erstwhile Bhushan Power and Steel Ltd, under corporate insolvency resolution process of Insolvency and Bankruptcy Code.The assets were attached by ED in 2019 after a money laundering probe…
Mumbai: Zomato, the app-based food delivery major that was listed in July 2021, will replace JSW Steel in the sensex on Dec 23, a BSE notice said. Currently, Zomato, with a market cap of Rs 2.3 lakh crore, is the 37th most valued company in India. Ready to Master Stock Valuation? ET’s Workshop is just…