The committee of creditors of debt-laden Essar Steel India have chosen ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal Corp as the winning bidders for a total of 5.7 billion dollars with ArcelorMittal holding majority stake. The news comes a day after founders of Essar Steel came in with a surprise offer to pay 7.4 billion dollars to the creditors to settle claims.
Australia passes landmark law to make FB, Google pay for news
Facebook says it will pay $1bn over 3 years to news industry
Will Nirav Modi be extradited? UK court to rule today
SEBI seeks answers from NSE as tech glitch stops trade
Modi’s motto: monetise and modernise
NSE halts trade, the day that was
Airtel Debuts In The Ad Biz With AdTech Platform
Trading halted on NSE due to technical glitch
Nifty rejig, GAIL to exit, Tata party to grow
Expect a 7.7% pay hike in 2021: Aon survey
Bharat Forge bags made in India army order
Rakesh Jhunjhunwala backs proposed Bitcoin ban
US home prices soar in December
SpaceX & Tesla chief Elon Musk loses $15 billion in a day after Bitcoin warning
Flat Close To A Volatile Day
Biz Story: company wrap
Reliance rejigs business, gears for Aramco deal
No respite as fuel prices rise again after two-day break
RBI bats for fuel tax cut
India's oil import from US at record high