 "News digest: Race for Essar Steel, oil supply, Infosys Q2 results, and more")
Arcelor offers Rs 45 bn to be eligible for Essar
ArcelorMittal has offered to pay around Rs 45 billion as overdue loans of Uttam Galva Steels and KSS Petron to become eligible to bid for Essar Steel, currently going through the insolvency process. The amount calculated for Uttam Galva is Rs 39.87 billion and for KSS Petron Rs 5.67 billion. Read on...
RIL eyes edging out SITI, Airtel in cable, fibre play
Reliance Jio’s proposed acquisition of a 25 per cent stake each in digital cable companies Den Networks and Hathway Cable & Datacom will provide the telecom
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