AM/NS buys Essar Steel's CPP under Sarfaesi, says lenders will recover 85%

The acquisition of EPORL was completed on Saturday. The move is yet another effort to make AM/NS India's operations self-reliant

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Govt may give Cairn oil field instead of paying $1.4 billion: Sources

The government may give Cairn Energy one of the surrendered oil fields such as Ratna R-Series in lieu of the USD 1.4 billion it has pay to the British firm, helping prevent seizure of foreign assets in case of default as well as get a experienced operator in struggling E&P sector, sources said. Cairn Energy gave India its biggest onland oil discovery but exited the country after it was slapped with a Rs 10,247-crore tax demand using a legislation that gave the government the powers to tax companies retrospectively. The firm has now won an international arbitration against the tax demand and the government has been ordered to return the value of shares of Cairn it had sold, dividends it had seized and tax refund it had withheld to recover the tax demand. For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout, two sources with knowledge

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Make jewellers partners in gold deposit scheme

The number of places where gold can be tendered is limited and the staff there is ill-trained, making the scheme a non-starter

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Farm stir at the crossroads as west Uttar Pradesh is the new battleground

In Ghazipur, where BKU leader Rakesh Tikait has been staging the protests, the farmers have dug in following reports that he might be arrested for his alleged role in inciting the protesters on Jan 26

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Jayalalithaa aide V K Sasikala has to pull a rabbit out of her hat

She cannot contest this round of the assembly election or the next Lok Sabha election, on account of her conviction and subsequent imprisonment

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Decoded: Seizing India's foreign assets won't be easy for Cairn Energy

India can challenge the award in the courts of the seat of the arbitration - in this case, the Dutch courts

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Record steel prices help firms acquired under insolvency code out of red

Tata Steel BSL has posted a profit of Rs 913.19 crore in the December quarter, its highest since its acquisition by Tata Steel in 2018

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Over-the-top anger

Tandav is the most recent addition to a wave of bolder, more controversial Indian series that have met with a backlash from the right-wing groups and politicians

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