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Tata Steel acquires 72% stake in Bhushan Steel

New Delhi, May 18 (IANS) Tata Steel’s wholly-owned subsidiary Bamnipal Steel Ltd on Friday acquired 72.65 per cent stake in Bhushan Steel Ltd (BSL) in accordance with the approved resolution plan under the corporate insolvency…





NSE receives US CFTC “Part 30” exemption

Mumbai, May 18 (IANS) The National Stock Exchange of India (NSE) on Monday said that it has received the “Part 30” exemption from the US Commodity Futures Trading Commission (CFTC). According to the NSE, the…







India’s Forex reserve plunge by $1.23 bn

Mumbai, May 18 (IANS) India’s foreign exchange (Forex) reserves plunged by $1.23 billion as on May 11, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall…