Steel  

Top gainers in the Sensex pack that rose 150 points in early session on Wednesday include Tata Steel, ICICI Bank, IndusInd Bank, ONGC, Vedanta, Sun Pharma, HDFC, SBI, M&M, Maruti and HCL Tech, that rose up to 2.43%

Top gainers in the Sensex pack which rose over 150 points in early session on Wednesday, included Yes Bank, Tata Motors, Vedanta, Tata Steel, Bajaj Auto, M&M, IndusInd Bank, Maruti, SBI and L&T, rallying up to 6%.

The National Company Law Tribunal (NCLT) rejected the objections raised by Tata Steel over the bids submitted by JSW and its erstwhile promoters and approved the JSW Steel's Rs 19,700 crore resolution plan for Bhushan Power & Steel Ltd (BPSL).

With no prospects of profitability for Orb Electrical Steels in a competitive European steel industry, Tata Steel has proposed to close the site in Britain, necessitating a lay-off of nearly 380 employees. Wolverhampton Engineering Steels Service Centre also faces closure.

The Haryana Steelers franchise, which has appointed former India captain Rakesh Kumar as their head coach, also named the vastly experienced Dharmaraj Cheralathan as captain, and will count on the 44-year-old’s immense experience and understanding of the game to lead them to the playoffs and beyond this season

New Zealand made it to their second successive final, with credit going to their pacers' — Matt Henry (3/37) and Trent Boult's (2/42) — deadly opening spell and Lockie Ferguson's steely nerve in the penultimate over

The private chopper, in which Karnataka chief minister Kumaraswamy travelled back to Bengaluru from New Delhi, allegedly belongs to Jindal Steel. It is said the company Monnet which owns the aircraft is allegedly owned by Jindal Steel. The Kumaraswamy government, a few months ago, gave land for Jindal Steel at throwaway prices. So is there an aspect of quid pro quo?

The state-run PNB has reported a new fraud at a time when it is recovering from a major financial embezzlement of around $2 billion (around Rs 13,000 crore) by diamond merchant Nirav Modi that was reported in February 2018

Ramprasad, owner of Kamakshi Steels was stabbed to death in Hyderabad on Saturday. Business rivalry with his partner Koganti Satyam is suspected to be the reason behind the murder. 

Anand Singh, the Congress MLA from Vijayanagara has tendered his resignation because he felt that Jindal company had received preferential treatment by the Karnataka government. The MLA met Governor Vajubhai Vala and gave a copy of his resignation.

The Karnataka Cabinet had recently decided to convert the lease of 3,667 acres of land to JSW Steel at Ballari into a sale, in accordance with the initial agreement. Amid a row over the decision, the state government decided to refer it to a Cabinet sub-committee for revision.
 

Taking to social media, netizens mocked former Karnataka chief ministers Yeddyurappa, Siddaramaiah and the incumbent chief minister Kumaraswamy for their alleged hypocrisy over allotting land to Jindal Steel

Bengaluru residents can heave a sigh of relief as the Karnataka government has decided against the steel flyover that was to connect Basaveshwara circle to Hebbal flyover
 

In October 2016, the CBI court acquitted Yeddyurappa, his sons, son-in-law and nine others in the corruption case filed against them over alleged receipt of Rs 20 crore.

BJP leaders were dragged, injured by Bengaluru Police in a bid to stop them from laying siege to CM's official house Krishna with respect to the Jindal land deal.