Bhushan Steel Ltd

Type: Company
Name: Bhushan Steel Ltd
First reported 2 hours ago - Updated 25 mins ago - 1 reports

Wilful lenders

It is impossible to ignore the timing of United Bank of India’s declaration that Kingfisher Airlines, its chairman Vijay Mallya and three company directors are “wilful defaulters”. Why has it come so late in the day? The question deserves to be raised ... [Published Hindu Business Line - 2 hours ago]
First reported Sep 01 2014 - Updated 5 hours ago - 1 reports

Indian markets close at a new lifetime high; Nifty ends above historic 8000 points

The Sensex and the Nifty conquered fresh peaks in trade as better than expected GDP saw fresh buying interest in stocks.The Sensex closed at a new record high of 26,867 points, up 229 points, while the Nifty closed the day above the 8000 points level ... [Published Oneindia - Sep 01 2014]
First reported 17 hours ago - Updated 8 hours ago - 2 reports

CVC red-flags board level appointments in PSBs

The Central Vigilance Commission (CVC) has red-flagged appointment process of some senior level officers in public sector banks (PSBs) and sought clarification from the Finance Ministry.The CVC was approached for vigilance clearance against some of the ... [Published Business Standard India - 9 hours ago]
First reported 9 hours ago - Updated 9 hours ago - 1 reports

Bhushan Steel slumps over 76% from 1 August

Bhushan Steel was locked at 5% lower circuit at Rs 91.50 at 12:06 IST on BSE, with the stock extending its recent steep slide.Meanwhile, the BSE Sensex was up 102.13 points, or 0.38%, to 26,969.68On BSE, so far 19,995 shares were traded in the counter ... [Published Capital Market - 9 hours ago]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

BSE closes points 229.44 up on September 1

AboutNew Delhi, Sept 01 (ANI): Trading at the Bombay Stock Exchange today closed 229.44 points up to stand at 26,867.55. At the National Stock Exchange the Nifty closed 73.35 points up to stand at 8,027.70. ABB and UNITECH were among the top gainers of ... [Published Oneindia - Sep 01 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

Neck deep in debt

Recently, steelmaker Bhushan Steel was in the news after the company’s Vice-Chairman and Managing Director was arrested on charges of bribing the Syndicate Bank chief to extend fresh loans to it and prevent the bank from declaring the company’s existing ... [Published Hindu Business Line - Aug 31 2014]
First reported Aug 29 2014 - Updated Aug 30 2014 - 5 reports

8/30/2014: Nation: Syndicate case: Accused sent to JC till Sept 11

NEW DELHI: A court on Friday extended till September 11 the judicial custody of 11 accused, including Syndicate Bank Chief Managing Director (CMD) Sudhir Kumar Jain and Bhushan Steel Ltd vice chairman and managing director Neeraj Singal arrested in.. ... [Published Hindustan Times - Aug 30 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Bhushan Steel slumps over 74% from 1 August

Bhushan Steel hit a lower circuit limit of 5% at Rs 101.35 at 13:04 IST on BSE, with the stock extending its recent steep slide.Meanwhile, the BSE Sensex was up 70.82 points, or 0.27%, to 26,630.97.On BSE, so far 16,000 shares were traded in the counter, ... [Published Business Standard India - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 2 reports

India to turn big importer of iron ore in FY15

After losing its status as the third-largest exporter of iron ore a couple of years ago, India is likely to turn a big importer of the key steel-making raw material by the end of this financial year. The country is likely to import 10 million tonnes (mt) ... [Published Business Standard India - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Rating on Bhushan Steel was cut in March 2014: CARE Ratings

CThe firm, despite being one of the most indebted in its sector, was rated A (adequate safety and low risk of default) until a few weeks ago. While rating agencies took action only last week and downgraded it by four notches in one swoop to BBB-, a sub-investment ... [Published Moneycontrol.com - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

8/27/2014: HT Business: Bhushan Steel’s Singals brought down by their vaulting ambitions

NEW DELHI/CHANDIGARH: The ongoing Syndicate Bank bribery scandal that resulted in the arrest of the bank’s chief, SK Jain, and Neeraj Singal, managing director of Bhushan Steel, has put the steel company and its high debt firmly in the spotlight,... ... [Published Hindustan Times - Aug 27 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 4 reports

‘Insurance bill will be passed by end-2014’

NEW DELHI: India’s Finance Minister Arun Jaitley on Tuesday expressed hope that the insurance bill would be passed by the end of this year, allowing 49 per cent foreign equity in insurance and pension sectors.Releasing the annual report of the Pension ... [Published The Gulf Today - Aug 26 2014]

Quotes

During FY 2013-14, Aishwarya Technologies & Telecom Limited registered Rs. 26.76 crore as total income from operations, up from ` "24.80 crore during FY 2012-13. The company registered a net loss of Rs. 0.25 crore. The company manufactures a wide range of telecom and fiber optic products catering to Bharat Sanchar Nigam Limited, Airtel, Reliance Communications, Idea, Vodafone, Alcatel Lucent, Railtel Corporation of India Limited, and Bharat Electronics Limited. 27.63 percent of the company's shares are held by Indian promoters. Among non-promoters, 51.10 percent of shares are held by Indian public and the rest are miscellaneously distributed."
The official said that "We are making all out efforts to increase the number of rakes for VPT by diverting some rakes from other areas. There were some problems during the last two days due to rains but things are improving."
...71-km metro route. "It's yet undecided as to whether underpasses will be built at the locations or if the FOBs will be shifted to alternate locations. Any decision will be taken only after detailed consultations with all departments concerned" said AK Singh, Executive Engineer (Traffic & Transport), Ghaziabad Municipal Corporation
"Recurrent inflationary pressures ... keep domestic capital costs high, erode domestic purchasing power as well as savings and lower international competitiveness" the rating agency said

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Wilful lenders [Published Hindu Business Line - 2 hours ago]
Will the Supreme Court judgement set a precedent? [Published Money Life - 3 hours ago]
Nifty, Sensex to keep pushing higher – Tuesday ... [Published Money Life - 3 hours ago]
Finacial Special: Other Leading Telecom Equipme... [Published Communications Today - 4 hours ago]
VPT rake shortage severely affects operations a... [Published Logistics Guru - 5 hours ago]
CVC red-flags board level appointments in PSBs [Published Business Standard India - 9 hours ago]
Bhushan Steel slumps over 76% from 1 August [Published Capital Market - 9 hours ago]
CVC refuses to give vigilance nod to top public... [Published Times of India - 17 hours ago]
Metro work holds up Ghaziabad footbridges [Published Times of India - 20 hours ago]
Nifty heading towards 8,100 – Monday closing re... [Published Money Life - Sep 01 2014]
BSE closes points 229.44 up on September 1 [Published Oneindia - Sep 01 2014]
Indian markets close at a new lifetime high; Ni... [Published Oneindia - Sep 01 2014]
Indian stock market daily morning report (Septe... [Published Stock Markets Review - Sep 01 2014]
Here comes Cheer [Published Mid Day - Sep 01 2014]
Neck deep in debt [Published Hindu Business Line - Aug 31 2014]
India likely to turn big importer of iron ore i... [Published Steel Guru - Aug 30 2014]
Sensex, Nifty on record breaking spree on fresh... [Published zeenews.com - Aug 30 2014]
Sensex, Nifty on record breaking spree on fresh... [Published Business Standard India - Aug 30 2014]
8/30/2014: Nation: Syndicate case: Accused sent... [Published Hindustan Times - Aug 30 2014]
8/30/2014: Htbusiness: Syndicate case: accused ... [Published Hindustan Times - Aug 30 2014]
Syndicate Bank Case: Accused Sent to Judicial C... [Published NDTV Profit - Aug 29 2014]
Syndicate Bank bribery case: Accused sent to JC... [Published IBNLive India News - Aug 29 2014]
Syndicate Bank bribery case: Accused sent to JC... [Published zeenews.com - Aug 29 2014]
Hits and misses in money tale [Published Calcutta Telegraph - Aug 29 2014]
Bi-weekly roundup of the wackiest whispers and ... [Published Economic Times - Aug 29 2014]
CBI widens probe in Syndicate Bank case [Published Livemint.com - Aug 28 2014]
Lure of lucre [Published Business Standard India - Aug 28 2014]
Nifty, Sensex likely to head higher – Thursday ... [Published Money Life - Aug 28 2014]
Nifty ends August series above 7950; BHEL tops ... [Published Moneycontrol.com - Aug 28 2014]
Fedders Lloyd Plunged 20%, Jindal Saw in $100 M... [Published Ticker - Aug 28 2014]
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