NEW DELHI: Supreme Court on Monday stayed the liquidation process for Bhushan Power & Steel (BPSL) before NCLT and ordered to maintain status quo after JSW Steel, whose resolution plan was rejected by SC, told the court that it was filing a review petition against the order.As JSW’s limitation period for filing a review against…
NEW DELHI: Tata Steel aims to cut costs by Rs 11,500 crore across its global operations over the next 12–18 months, focusing on controllable expenses, Executive Director and CFO Koushik Chatterjee said during a post-earnings analyst call.Building on structural cost savings of Rs 6,600 crore achieved in FY25, the company is intensifying its cost transformation…
NEW DELHI: Days before commerce & industry minister Piyush Goyal visits Washington for a fresh round of talks on the proposed bilateral trade agreement, govt has for the first time threatened to act against the US after a barrage of attacks by American President Donald Trump, who called India “tariff king”.Govt’s decision to initiate steps…
The call from a supervisor came to the steel shop floor in Sheffield, England, on Thursday afternoon: The tariffs were off. “Everything had changed for us,” said Richard Bott, as he stood near stacks of steel slabs still radiating waves of heat from the mill. In a trade deal with Britain announced with much fanfare…
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…
India Temporary Tariff On China: भारत सरकार जल्द ही 12% का अस्थायी टैरिफ (सुरक्षा शुल्क) स्टील आयात पर लगाने जा रही है. रॉयटर्स की रिपोर्ट के मुताबिक, इस निर्णय का उद्देश्य चीन और अन्य देशों से हो रहे सस्ते स्टील इम्पोर्ट पर रोक लगाना है, जो पिछले कुछ वर्षों से देश की घरेलू स्टील मिलों…
NEW DELHI: The United States has told the World Trade Organization (WTO) that its decision to impose tariffs on steel and aluminium imports was taken on national security grounds, not as a safeguard measure, a key distinction that challenges India’s formal complaint filed earlier this month.In a communication dated April 17, the US said the…
Britain has sent a parade of senior officials to China this year, part of a calculated charm offensive to thaw out relations with a country that looms large in a world order upended by the United States under President Trump. But an emergency move by the British Parliament last weekend to take control of a…
The British government moved swiftly on Saturday to take control of operations at the country’s last large crude steel producing facility, in what appeared to be a major step toward nationalizing the plant. In an unusual and dramatic move, the government had summoned lawmakers back from vacation on Saturday to approve the government’s emergency legislation….
In a rare emergency session on Saturday, UK lawmakers cut short their Easter break to pass legislation rescuing the country’s last fully integrated steel plant from imminent closure.Prime Minister Keir Starmer called the extraordinary session — only the sixth of its kind since World War II — to pass a bill aimed at halting plans…