ArcelorMittal wins bids to buy out Essar Steel

THE ECONOMIC TIMES Fri, Oct 26, 2018 | 05:32 PM IST Daily Newsletter

ArcelorMittal wins bids to buy out Essar Steel ArcelorMittal offered Rs 42,000 cr to settle Essar Steel's debt and a further Rs 8,000 cr of capital infusion.

CBI: What Asthana says, what CVC will probe Verma's FIR against Asthana triggered an unprecedented crisis within the agency, leading to this impasse....

Modicare's problem: 500 mln beneficiaries who don't have a clue Its beneficiaries — 40% of India's people — are clueless about the plan as they didn't have to enrol for it....

Amazon reports $56.6 billion revenue in Q3 Operating income increased to $3.7 billion in the third quarter, compared with operating income of $347 million in the third quarter of 2017.

VC funds: Time to count the chickens Despite mixed results in exits, firms raised many India-focused funds. Next challenge: retaining talent. How Chetan Maini stumbled upon the idea of Reva Inside the crazy, confusing rebel food business

More From our Partners MSME Pulse – comprehensive Q2 report on MSME Vipul Mahajan is responsible for managing solutions related to all types of commercial credit in the country, ranging from a Micro loan to Large ticket corporate.

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Poor implementation of RERA poses challenge to buyers "Despite some encouraging numbers, it is evident that RERA has not been adopted in the manner and to the extent the C...read more How Google shielded its big star from #MeToo »  Rickshaw revolution sees India leave China in the dust »

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Pluralist democracy can still be protected if Narendra Modi is 'stopped' in next polls... Shashi Tharoor, Congress, Member of Parliament

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Ray Dalio on why he is not long on equities any more Keep 5-10% of a portfolio in gold and raise it later in the cycle, says Co-CIO, Bridgewater Associates... We are finding value in these 3 sectors: Kenneth Andrade Choose the spaces you want to be in & the next cycle will emerge there, says Andrade.... Animal spirits muzzled by India cash crunch, slowing demand The main services index rose at the slowest pace in four months in September amid near stagnation of new business.... Government wants RBI to bring down capital requirements and align with Basel III norms According to an initial estimate, if RBI relaxes the norms around Rs 6 lakh crore of lending can be achieved without ...

Market Watch 26 Oct | 05:32PM| SENSEX NIFTY USD/INR GOLD 33349.31 ↓-340.78 10030.00 ↓-94.90 73.46 ↑0.17 32075.00 ↑214.00

MARKET NEWS

ITC Q2 profit rises 12% YoY to Rs 2,955 crore, beats Street estimates Analysts in an ET Now poll had estimated the profit figure at Rs 2,897 crore....

ICICI Bank Q2 profit more than halves to Rs 909 crore, asset quality improves Analysts in an ET Now poll had estimated the profit figure at Rs 815 crore....

Gainers Losers 26 Oct, 2018, 05:32PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Raymond 689.60 11.18 365432 701.70 622.75 Dish TV India 41.05 10.50 1501704 41.95 36.60 CEAT 1106.45 8.58 204236 1119.00 983.80 Kirloskar Oil Engines 217.35 7.73 22248 223.00 201.05 Adani Power 35.50 7.58 3916420 36.00 32.30

MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices

FEATURED SLIDESHOW

Indian police raid Amnesty office over 'foreign fund violations' Eggs with benefits: Sydney's same-sex penguins become parents Hanoi's colonial-era railway doubles as selfie hotspot ​Railroad tracks: A hotspot for tourists More Slideshows

FROM THE NEWSPAPER

Was Sonia just a pawn? Paytm plot turns dark Vijay Shekhar Sharma feels Sonia was a conduit; lawyer claims Dhawan framed due to internal rivalry....

There was no pressure from Indian side on choosing Reliance: Dassault CEO If it was double the price, I would have been sent back to France without any contract. Compared to the same (UPA) pr...

M Nageswara Rao: New CBI boss a champion of 'Hindu causes' Rao is reputed as a champion of Hindu cultural assertion besides being close to key members of the RSS....

BigBasket believes the early bird will take market home CEO Hari Menon expects morning milk-delivery orders to account for 10% of firm's revenue. ...

HRD Ministry says no to two-year PhD courses at IIMs The ministry said that doctoral courses cannot be completed in less than three years. ...

VIDEOS

Sensex tanks 341 pts; Nifty at 10,000 Here's a quick look at Train 18 features ICICI Q2 profit slumps 56% to Rs 909 cr CBI crisis: Rahul Gandhi courts arrest More Videos

ET PANACHE

Aston Martin unveils all-new Vantage in India at Rs 2.86 crore Tim Cook says being gay is God's greatest gift; chose to come out in support of kids who were being bullied An aircraft on runway: Why Prince Harry, Markle's plane aborted landing #MeToo: Court reserves order on Alok Nath's plea to restrain Vinta Nanda from making statements to media Read more from Panache

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