enterprise ArcelorMittal selected as preferred bidder for Essar Steel Battle to own the bankrupt Essar Steel enters its final leg after a year as the Committee of Creditors picks the world’s largest steelmaker as preferred bidder. By Debabrata Das
enterprise Hyundai brings back the Santro The new small car from the South Korean carmaker shares the same name as the first car it sold in India. By Debabrata Das
enterprise ArcelorMittal to pay $1 bn for a shot at bidding for Essar Steel To comply with SC order, the world’s largest steelmaker will clear ₹ 7,469 crore of overdue debts of companies associated with its promoters in order to become eligible to bid for Essar Steel. By Debabrata Das
enterprise Flipkart to remain a drag on Walmart’s bottom line Biggest ever acquisition is set to pull down operating income and earnings per share till FY20; but management gung-ho about success in the long run. By Debabrata Das
macro Fresh push to redevelop Asia’s largest slum Maharashtra has approved a fresh plan to redevelop the Dharavi slums in Mumbai by partnering with private firms in a ₹22,000 crore project. By Debabrata Das