- Tata steel forges JV with Nippon Steel
- Sebi begins finalizing bourses ownership
- TDSAT asks Uninor to pay 60% penalty
Tata steel forges JV with Nippon Steel
Tata Steel Ltd on Friday said it has signed a joint venture (JV) agreement with Nippon Steel Corp. for setting up a `2,300 crore specialty steelmaking lines having a capacity of 60,000 tonnes per annum at Jamshedpur
Tata Steel will hold a majority 51% stake in the unnamed JV while the Japanese firm will hold the rest, the domestic steel firm said in a filing to the Bombay Stock Exchange.
Sebi begins finalizing bourses ownership
The Securities and Exchange Board of India (Sebi) has begun the process of finalizing its guidelines on the way bourses are owned and do business, based on the feedback received on recommendations made by a committee set up by the regulator on this matter.
In addition to the comments received by Sebi from various stakeholders such as exchanges, market participants and investors, the regulator would also take into account views expressed by eminent personalities in media and on public forums, a senior official said.
TDSAT asks Uninor to pay 60% penalty
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Friday directed Uninor to pay 60% of the penalty, demanded by the department of telecommunications (DoT), for failing to roll out services within the stipulated period.
The TDSAT bench allowed Uninor's plea against DoT seeking to levy damages for the delay in rolling out services within a stipulated period.
However, the bench directed it to pay around `9 crore within two week