Bank of Baroda Declares Anil Ambani, RCom Loan Account as Fraud
Bank of Baroda has classified Reliance Communications’ loan account and its former director Anil Ambani as “fraud,” citing misuse of loans worth ₹2,462 crore, of which ₹1,656 crore remains unpaid. The loans were declared NPA in 2017. RCom is under insolvency proceedings, while Ambani’s spokesperson argued he was a non-executive director with no operational role.
Vedanta to Acquire Debt-Ridden Jaiprakash Associates for ₹17,000 Crore
Vedanta has emerged as the successful bidder to acquire Jaiprakash Associates (JAL) with a ₹17,000 crore offer, surpassing Adani Group. JAL, operating in real estate, cement, power, hotels, and roads, entered insolvency proceedings after loan defaults. The acquisition under the IBC framework will expand Vedanta’s portfolio while providing lenders a resolution for JAL’s mounting debts.
MECON–CIDC Conference Charts Roadmap for Mining & Metal Sector Innovation
MECON Limited and CIDC jointly hosted a conclave in Ranchi on “New Gen Power, Electrical & Automation Solutions for Metal & Mining Industry.” Experts, MSMEs, and start-ups discussed Atmanirbhar Bharat, green technologies, vendor empowerment, and digital transformation, stressing self-reliant supply chains and capacity building aligned with India’s Viksit Bharat 2047 vision.
Jharkhand Chief Secretary Alka Tiwari to Retire on 30th September
Jharkhand Chief Secretary Alka Tiwari, a 1988-batch IAS officer, will retire on 30th September. In the seniority list for successor: Shailesh Kumar Singh (1991 batch), currently Secretary, Union Rural Development Ministry; followed by Nidhi Khare (1992) and Avinash Kumar (1993), the state’s Additional Chief Secretary.
Kumar Amitabh Appointed as Director of Geology in Jharkhand
Kumar Amitabh has been appointed the new Director of Geology in Jharkhand’s Mines Department, following the retirement of Manoj Kumar on 31st August. The department issued the notification and Amitabh has assumed charge, marking a key transition in geology and mining administration.
Businessman Hailed GST Rate Cuts, JMM Dismisses as Poll Strategy
Business leaders in Ranchi hailed GST reforms, saying reduced slabs of 5% and 18% will boost demand and affordability. Union minister Sanjay Seth highlighted benefits for medicines, farm equipment, and daily goods. JMM’s Vinod Pandey termed the move an electoral compulsion by BJP ahead of Bihar polls, calling it hollow relief before elections.
Odisha HC Grants Interim Relief to Tata Steel in ₹1,902 Crore Mining Dues Case
Tata Steel secured interim relief from the Odisha High Court in a ₹1,902 crore demand raised by the Mining Department over alleged under-extraction at the Sukinda chromite mine. The court barred punitive action until the next hearing on 9th October. The demand notice was issued on 3rd July.
Mine Subsidence in Dhanbad’s Maa Ambe Project, One Dead, Six Missing
A massive land subsidence at the Maa Ambe Mining Project in Katras, Dhanbad, swallowed a BCCL service van carrying seven workers. One death is confirmed, six remain missing. The collapse buried four houses and cattle, injuring villagers. BCCL, CISF, and DGMS teams are carrying out rescue operations amid protests over alleged negligence.
Coal India Refuses to Lease Surplus Housing, Unions Seek Alternative
At a meeting of Coal India’s Surplus Housing Utilization Committee in Delhi, management refused to lease company housing, citing central rules. Unions suggested renting units like HEC and Bokaro Steel. Management will write to the Centre; unions plan to raise the issue with the Coal Minister. Inspection visits start 7th October.
Encroachment on 4,000 Acres of PSU Land Stalls Expansion and Mining in Jharkhand
PSUs in Jharkhand—including CCL, BCCL, ECL, BSL and HEC—face encroachment on nearly 4,000 acres, disrupting expansion and mining plans. CCL reports 1,700 acres under illegal occupation; BSL and HEC struggle with 1,800 and 73 acres respectively. The state has ordered joint teams with coal firms to identify and clear encroachments.
SAIL Partners with Art of Living for Workforce Empowerment
SAIL signed an MoU with the Art of Living on 3rd September in Bengaluru, in the presence of Sri Sri Ravi Shankar, to enhance employee well-being via mindfulness, leadership, and resilience training—aimed at building an emotionally resilient, future-ready workforce across SAIL units.
Villagers Protest in Guwa Demanding Reopening of Tata Steel’s Vijay-II Mine
Hundreds of villagers, truck owners, and labourers protested at Hathi Chowk in Guwa, urging Tata Steel to restart its Vijay-II iron ore mine. Led by Block Pramukh Poonam Gilluwa, residents of 30 Saranda villages warned of road and rail blockades if demands aren’t met before Durga Puja, citing hunger, unemployment, and migration due to closure.
Bauxite Truck Owners Unite Under One Leadership After Lohardaga Meeting
The Chandwa Bauxite Truck Owners Association met under president Rohit Agarwal with 95 owners present. Highlighting poor truck conditions due to fragmented associations—Pathari, Lohardaga, and Chandwa—members agreed, under patron Dhiraj Prasad Sahu, to merge as “one association, one president” for smoother operations.
CISF IG Amit Mathur Reviews Security at NTPC’s Chatti Bariatu and Keradari Coal Mines
CISF IG Amit Mathur visited NTPC’s Chatti Bariatu and Keradari coal projects to review security arrangements. The visit focused on assessing deployment needs; officials confirmed additional CISF personnel will be stationed soon to strengthen security amid recurring firing and vandalism incidents.
Join the WhatsApp Group of Business Jharkhand to Stay tuned for all the latest updates of industrial-political developments in Jharkhand.
