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Bhushan Steel News


7 Stocks In Action Today
The benchmark Sensex and Nifty index pared opening gains and were seen trading at day's low of 34713 and 10548 respectively as investors soon reacted to power change in key Karnataka state. Meanwhile, mid cap index extended its earlier losses while ...
Tata Steel Completes Acquisition Of Bhushan Steel
Bhushan Steel, the debt-ridden company undergoing insolvency proceeding has today been acquired by steel major, Tata Steel. As per the debt resolution plan, 72.65% stake in the company has been acquired by Tata Steel's unit Bamnipal Steel. On Friday Jamshedpur ...
Tata Steel To Abosrb All 5000 Employees Of Bhushan Steel
On the eve of the announcement of the fourth quarterly results for the FY 2018 on Wednesday after market hours, Tata Steel's MD TV Narendran said that the company will take on board all the 5000 employees of Bhushan Steel Ltd. ...
Tata Steel Selected To Buy Insolvent Bhushan Steel
On Friday, Tata Steel Ltd. announced that it has been chosen as the successful bidder by Committee of Creditors (CoC) of Bhushan Steel for buying debt-laden company Bhushan Steel Ltd. The decision to this effect was taken by the CoC on ...
Steel Stocks Rally On Minimum Import Price
Shares in steel stocks rallied after the government raised the minimum import price on several steel products. Shares in Jindal Steel and JSW Steel were the biggest gainers in trade. Bhushan Steel rallied a huge 8 per cent on the reports. ...
Sensex Ends Sharply Higher On Solid Global Cues; HDFC Leads
Shares in HDFC, which were badly battered on Wednesday made smart recovery to lead indices higher. Strong global cues from Europe pushed benchmark indices higher following better handover from the US. The Sensex closed the day higher by 320 points, while ...
Sensex, Nifty close the day at another record high
The Sensex and the Nifty ended the day at another record high led by gains in energy and select private sector banking names. The Sensex closed the day higher by 61 points, while the Nifty ended the day higher by ...
Sensex, Nifty open higher on strong global cues
Benchmark indices hit another record in trade opening the day higher on strong global cues. The Sensex was trading higher by 60 points, while the Nifty rallied 15 points in trade. Leading the set of gainers from the Nifty were ...
Sensex, Nifty end lower; pharma stocks rally
The Sensex and the Nifty ended the day lower led by losses in heavyweights ONGC and Reliance. The Sensex ended the day with losses of 106 points, while the Nifty lost 22 points in trade. Pharma shares were in the ...
Bankers order forensic audit of Bhushan Steel
Cracking the whip on cash-starved Bhushan Steel, a consortium of bankers, on Monday, ordered forensic audit into the books of account of the company, and asked its promoters to infuse more capital to ensure that it remained solvent. The decision ...
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