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ArcelorMittal's Essar bid delays planned JV with SAIL: Minister

Thursday, January 24, 2019, 7:53 AM

ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi Mittal-controlled ArcelorMittal signed a deal in May 2015 to set-up a steel-plant to produce automotive grade steel. However, no timetable has ever been set out.
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RCoM says will not be paying Rs 375 cr to NCD holders

Thursday, January 24, 2019, 7:17 AM

Debt-ridden telecom firm Reliance Communications on Wednesday said it will not be paying the fourth installment of Rs 375 crore principal amount on non-convertible debenture, which is due on February 7. In a regulatory filing, the company said it is working expeditiously to complete the process of asset sale, which is likely to be completed by end-March 2019.
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OYO plans centre of excellence in Kolkata

Monday, January 14, 2019, 7:39 PM

Hospitality firm OYO Hotels and Rooms on Monday said it is planning a centre of excellence for training and capacity building in the city. The company has also made an offer to the West Bengal government to maintain a realtime data repository for 'Digital Arrival and Departure Register'. The space for the training institute is likely to be in New Town area.

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