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MSTC Ltd. has officially signed a share purchase agreement with Konoike Transport Co. Ltd. for the strategic disinvestment of Ferro Scrap Nigam Ltd. (FSNL), marking a significant milestone in the privatization process. This agreement comes after the Indian government approved the sale to the Japanese corporation for Rs 320 crore, exceeding the reserve price of Rs 262 crore set by the government based on valuation assessments.
The announcement was made by the Secretary of the Departm
MSTC Ltd. has officially signed a share purchase agreement with Konoike Transport Co. Ltd. for the strategic disinvestment of Ferro Scrap Nigam Ltd. (FSNL), marking a significant milestone in the privatization process. This agreement comes after the Indian government approved the sale to the Japanese corporation for Rs 320 crore, exceeding the reserve price of Rs 262 crore set by the government based on valuation assessments.
The announcement was made by the Secretary of the Departm
Savitri Jindal, the independent candidate and India’s richest woman, has achieved a remarkable victory in the Hisar Assembly constituency, defeating BJP's Kamal Gupta and Congress candidate Ram Niwas Rara by a margin of 18,941 votes. Expressing her gratitude, Jindal took to X, stating, “Abhaar Hisar Parivar” (Gratitude to the family of Hisar).
At 74, Jindal's latest win marks her third successful campaign in Hisar, having previously won the seat in 2005 and
Savitri Jindal, the independent candidate and India’s richest woman, has achieved a remarkable victory in the Hisar Assembly constituency, defeating BJP's Kamal Gupta and Congress candidate Ram Niwas Rara by a margin of 18,941 votes. Expressing her gratitude, Jindal took to X, stating, “Abhaar Hisar Parivar” (Gratitude to the family of Hisar).
At 74, Jindal's latest win marks her third successful campaign in Hisar, having previously won the seat in 2005 and
Amid growing concerns about the potential shutdown of Rashtriya Ispat Nigam Limited’s Vishakapatnam Steel Plant, the central government has intervened with crucial financial assistance aimed at reviving operations. Speculations had intensified after the closure of Blast Furnace BF-3, Annapurna, which sparked outrage among employees. The situation is dire, with only one of the three furnaces, Krishna, currently operational, and its available cooking coal expected to last only a few more
Amid growing concerns about the potential shutdown of Rashtriya Ispat Nigam Limited’s Vishakapatnam Steel Plant, the central government has intervened with crucial financial assistance aimed at reviving operations. Speculations had intensified after the closure of Blast Furnace BF-3, Annapurna, which sparked outrage among employees. The situation is dire, with only one of the three furnaces, Krishna, currently operational, and its available cooking coal expected to last only a few more
Title and Overview: Defending champions India achieved a hard-fought 1-0 victory over hosts China to clinch their fifth Asian Champions Trophy title. The final, held amidst intense competition, saw India’s perseverance and strategic play ultimately lead them to triumph.
Match Highlights: Despite a challenging match where India struggled to penetrate the Chinese defense in the first three quarters, the breakthrough c
Title and Overview: Defending champions India achieved a hard-fought 1-0 victory over hosts China to clinch their fifth Asian Champions Trophy title. The final, held amidst intense competition, saw India’s perseverance and strategic play ultimately lead them to triumph.
Match Highlights: Despite a challenging match where India struggled to penetrate the Chinese defense in the first three quarters, the breakthrough c
The TDP coalition government, which was formed three months ago, is currently facing a significant challenge with the ongoing privatization of the Vizag Steel Plant (VSP). The central government's push for privatization has led to strong opposition from workers' unions, who have intensified their agitation against the move. Despite their relay hunger strikes and protests, the central government remains steadfast in its privatization agenda.
In a recent devel
The TDP coalition government, which was formed three months ago, is currently facing a significant challenge with the ongoing privatization of the Vizag Steel Plant (VSP). The central government's push for privatization has led to strong opposition from workers' unions, who have intensified their agitation against the move. Despite their relay hunger strikes and protests, the central government remains steadfast in its privatization agenda.
In a recent devel
External Affairs Minister S. Jaishankar has provided an update on the ongoing disengagement process between India and China, revealing that approximately 75% of the boundary issues have been resolved. Speaking in Geneva at the Global Centre for Security Policy, Jaishankar highlighted the progress made but also pointed out the persistent challenges, notably the increasing militarization of the frontier.
Jaishankar discussed the lasting impact of the Galwan Valley clashes in June 2020
External Affairs Minister S. Jaishankar has provided an update on the ongoing disengagement process between India and China, revealing that approximately 75% of the boundary issues have been resolved. Speaking in Geneva at the Global Centre for Security Policy, Jaishankar highlighted the progress made but also pointed out the persistent challenges, notably the increasing militarization of the frontier.
Jaishankar discussed the lasting impact of the Galwan Valley clashes in June 2020
India is set to become a dominant force in the MSCI emerging markets index, potentially surpassing China in influence. As of August, India’s weightage in the index rose to 19.8%, narrowing the gap with China’s 24.2%. This increase, from 9.2% in December 2020, highlights India's growing appeal to foreign investors. Morgan Stanley's latest analysis notes that this shift could lead to more foreign capital inflows, enhancing India’s stock market performance further.
India is set to become a dominant force in the MSCI emerging markets index, potentially surpassing China in influence. As of August, India’s weightage in the index rose to 19.8%, narrowing the gap with China’s 24.2%. This increase, from 9.2% in December 2020, highlights India's growing appeal to foreign investors. Morgan Stanley's latest analysis notes that this shift could lead to more foreign capital inflows, enhancing India’s stock market performance further.
