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coal scam: Coal Scam: Delhi special court convicts former Steel Ministry official for corruption

A special court in Delhi has convicted Gautam Kumar Basak, formerly the Executive Secretary of the Union Ministry of Steel s Joint Plant Committee, for irregularities involved in coal block allocation. This marks the 14th conviction for crimes relating to coal matters. The Ministry of Coal had invited applications for coal block allocation from companies in 2006. ....

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Domestic investors step back in Q1 as share in listed cos drops after 6 quarters

The share of domestic institutional investors, along with retail and high networth individuals (HNIs) in NSE-listed companies declined for the first time in six quarters to 22.5%, according to data sourced from Primeinfobase. ....

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recovery: Union Bank calls bids for its Visa Steel loan

The bank has been planning to sell Visa steel since March when it had sought ₹160 crore or 40% recovery on its loan. Union Bank had followed SBI which had received ₹243 crore on its ₹697 crore loans, a recovery of 35% from Acre ARC. ....

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JSW Steel share price | JSW Steel: JSW Steel MD on lowering debt, eyeing Vedanta's mining assets & more

“We expect better numbers in spite of the fact that we will merge JSW Ispat. Necessary approvals have been obtained and we would merge it in Q2 and that would add some debt but in spite of that, we are confident of being able to get it down below what it stands in quarter one today.” ....

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tata steel q1 results: Tata Steel Q1 Results: Profit tanks 92% YoY to Rs 634 crore; revenue drops 6%

Revenues from the India business rose by a marginal 3% to at Rs 34,901 crore during the quarter under review. The company said its profitability was affected by non-cash deferred tax charge on account of buy-in transaction at British steel pension scheme. The Board has approved the re-appointment of T V Narendran as CEO and MD for another five years, effective September 19. ....

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