The bail plea of two senior editors of Zee news, Samir Ahluwalia and Sudhir Chaudhary, will come up in a Delhi court on Saturday. They were both sent to 14-day judicial custody on Friday in the Rs 100 crore extortion case filed by the Jindal Group. ...
09:32 AM, Dec 01, 2012
The two senior editors of Zee News, Sudhir Chaudhary and Samir Ahluwalia, were on Friday sent to judicial custody till December 14 in connection with the Jindal Group extortion case. The duo has filed a second bail plea that will come up for hearing on Saturday. ...
04:00 PM, Nov 30, 2012
President Francois Hollande pressed the head of steelmaker ArcelorMittal on Tuesday to avert the closure of two blast furnaces in northeastern France, raising the possibility of a state takeover while waiting for a buyer. ...
09:12 AM, Nov 28, 2012
Posco India, a subsidiary of South Korean steel major Posco on Tuesday said it is committed to its steel project in Odisha despite all the obstacles and delay. ...
03:21 AM, Nov 28, 2012
London: Tata Steel on Friday said it will cut 900 jobs in the UK and close 12 sites as part of major restructuring of European operations to make it an "all-weather" steel producer, capable of succeeding in difficult economic conditions. "The proposed changes are expected to lead to a net loss of 900 jobs in the UK, including 580 in South Wales, 155 in Yorkshire, 120 in the West Midlands...
08:20 PM, Nov 23, 2012
Bhubanewar: Iron mines in Odisha escape fines worth hundreds of crores, according to a new report. Odisha's Steel and Mines Secretary has recommended recovery of revenue from excess mining from all 198 mines. Union Mining Ministry has told the Odisha government that states cannot make recovery from mine owners. CNN-IBN had exposed excess mining by 3 major companies - Indrani Patnaik Mines, Sirajuddin Mines and Rungta Mines. A year ago,...
06:25 PM, Nov 01, 2012
Mumbai: The Bombay High Court on Tuesday directed Congress MP Naveen Jindal-owned Jindal Steel and Power Ltd, which has filed a Rs 200 crore defamation suit against a news channel, to submit the transcripts and records of the 'sting operation' on alleged extortion demand made by the channel. The order was passed by Justice SJ Kathawalla, who was hearing the defamation suit filed by JSPL against Subhash Chandra, Puneet Goenka,...
09:46 PM, Oct 30, 2012
New Delhi: An Indore-based industrialist who had gone missing was found dead in her home in Dwarka. According to the Delhi Police, the body of the victim, Akanksha Rathi, was found in her Dwarka home on the morning of October 23. The exact cause of the death of Akanksha Rathi is yet to be established as the post-mortem report in not out. According to sources, the preliminary investigation suggests that...
05:37 PM, Oct 29, 2012
Indore: A woman director in a leading iron and steel company in Indore has gone missing, police said on Monday. Akanksha Rathi was a director in Rathi Iron and Steel. Her husband, Anirudh Rathi, had in fact, died under mysterious circumstances in Delhi in September this year. Akanksha's death adds a murky twist to the case. Last week she had filed a complaint against her in-laws alleging dowry harassment. On...
03:03 PM, Oct 29, 2012
New Delhi: Zee News on Saturday sent a defamation notice of Rs 150 crore to Naveen Jindal accusing his press conference on a sting operation conducted by his company, Jindal Steel and Power Ltd, on the TV channel, as an attempt to divert attention from demand for independent probe in the coal blocks allocations controversy. Naveen Jindal had filed an extortion case against Zee News, accusing the channel of demanding...
01:13 PM, Oct 27, 2012
New Delhi: The demand for an independent inquiry on the media has grown after Congress MP and industrialist Naveen Jindal released a video accusing Zee TV of extortion. Jindal did a reverse sting operation on Zee TV, showing the media giant demanding advertising commitments in exchange of burying negative coverage on Jindal's company. Press Council of India chairman Justice Markandey Katju said, "Let an independent statutory body monitor the media,...
07:42 AM, Oct 26, 2012
The Income Tax department on Thursday began probe into BJP President Nitin Gadkari's Purti Power and Sugar Ltd (PPSL). I-T authorities said they will also probe source of funds of the 18 companies that invested in Purti. Prima facie evidence suggested that shell companies had invested in Purti. Sources said that if necessary Gadkari might also be summoned in the case. ...
10:25 PM, Oct 25, 2012
New Delhi: The News Broadcasting Standards Authority (NBSA) on Friday took up Jindal Steel's complaint against Zee News. Jindal Steel had filed an extortion case against the television news channel with the Press Council of India. However, in a press release, NBSA said, "The complaint filed by Jindal Steel Ltd regarding telecast of news with regard to allocation of coal blocks and other issues on Zee News, Zee Business and...
09:45 PM, Oct 19, 2012
New Delhi: The Central Bureau of Investigation (CBI) on Monday filed two fresh FIRs in the coal blocks allocations scam. Sources said that the agency was conducting searches at 16 locations, including in Delhi and Hyderabad. Two of the companies that were raided during the searches were Green Infra and Kamal Steel. The two companies are accused of misrepresenting their net worth. The agency, after registration of cases, launched search...
09:22 AM, Oct 15, 2012
Wildly popular erotica trilogy 'Fifty Shades of Grey' has inspired publishers, record labels, sex shops, and even crafty parents to submit - to the desire to cash in, that is. The trio of novels by British writer EL James that has so far sold 32 million copies in the United States has spawned a legion of fans clamoring for anything and everything Grey-related. And businesses are aiming to meet that...
01:32 PM, Sep 29, 2012
New Delhi: The axe continues to fall on companies who have been allotted coal blocks, but have till now failed to operationalise them. The Inter-Ministerial Group (IMG) in its meeting on Thursday recommended de-allocation of two coal blocks - Dahegaon Makardhokra and Bhaskarpara. While Dhaegaon Makardhokra block has been allotted to IST Steel & Power, Gujarat Ambuja Cements and Lafarge, the Bhaskarpara block is with Electrotherm and Ultratech. Till now...
03:08 PM, Sep 20, 2012
New Delhi: India is expected to become the world's second largest producer of crude steel in next two years on the back of new steel projects and expansion plans of domestic players, the government on Tuesday said. According to an official release, Steel Minister Beni Prasad Verma told a delegation of journalists from Korea and Philippines that with the ongoing Greenfield and Brownfield expansions, India is expected to become the...
04:58 AM, Sep 19, 2012
Shares of JSW Steel, Hindalco and Tata Power on Tuesday tanked on the BSE following the government move to deallocate one more coal mine, and deduct bank guarantees in the case of two companies. The government on Monday decided to deallocate the Gourangdih ABC coal block, given jointly to JSW Steel and Himachal EMTA in 2009, and deduct bank guarantee of mine given to Hindalco, Tata Power. Shares of JSW...
01:58 PM, Sep 18, 2012
New Delhi: The Central Bureau of Investigation (CBI) on Tuesday continued the questioning of Arvind Jayaswal, the director of AMR Iron and Steel Private Limited and accused in the coal blocks allocations controversy. This is the second day of the interrogations. The CBI also sent summons to Jayaswal's brother Manoj for questioning. Meanwhile, the Inter-Ministerial Group (IMG) on coal blocks allocations has so far recommended eight blocks for de-allocation, out...
12:32 PM, Sep 18, 2012
CBI on Monday questioned AMR Steel and Iron Pvt Ltd's Director Arvind Jayaswal who's been named in the Coalgate FIR. ...
10:54 PM, Sep 17, 2012
