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JSW Steel is learnt to have submitted its resolution plan along with AION Capital
Some of India's biggest employers are testing for antibodies to either comply with regulatory norms or gauge the effectiveness of precautionary measures.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Salboni, in West Medinipur district, is where JSW Steel in 2007 said it would be putting up a 10 million tonne a year steel factory, plus a big captive power plant.
In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or suspended or not renewed during the moratorium period. The Cabinet also allowed amending the code to streamline the corporate insolvency resolution process and protect last-mile funding to boost investment in financially distressed sectors.
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Some of the firms that have witnessed major drop in analysts' coverage include Dish TV, YES Bank, and JSW Energy.
The Indian Super League will be expanded to 10 teams this season with the organisers on Monday announcing two more franchises after a bidding process, with Bengaluru FC set to ply in the three-year-old ISL by leaving I-League.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The 10 teams in the league will be bidding heavily for the Indian players in a list of 590 cricketer
While most of Mukherjee's lectures will be closed door for the students taking up the elective, the institute plans to open up one or two sessions for public in November this year.
Management buyout vehicle Excalibur Steel, Sanjeev Gupta's Liberty House metals group, India's JSW Steel Ltd and Greybull Capital have submitted separate bids
Prices in the domestic market are increasing because there is a demand pull, and internationally, prices have gone up.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Two O P Jindal group companies, JSW Steel and JSL Stainless, have entered into an agreement. JSL Stainless will produce coke for JSW Steel and the raw material to produce coke will be supplied by JSW.JSW Steel is promoted by Sajjan Jindal. His brother, Ratan Jindal, is managing director of JSL Stainless.
It's been months since Jindal returned the private land to the state government, free of cost, but not a cottah has been distributed
Despite NMDC raising iron ore prices by 10%, major steel firms say they will follow suit if demand increases
No capital came in through the approval route, while the rest of $9,86,681 was by way of issuance of rupee denominated bonds.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
Governance group SES thinks so but JSW Steel says he's exemplary and deserves it.
With the threat of a third Covid-19 wave looming large, companies are scrambling to protect employees and keep operations safe--from a no-jab-no-entry-at-workplace policy to ramping up vaccination, it's an all-out effort to prevent the scale of devastation seen in the first two waves. At least two top steel companies--Tata Steel and ArcelorMittal Nippon Steel India (AM/NS India)--are pushing for vaccination certificates for entry into work premises. AM/NS India, a joint venture between world's leading steelmaker, ArcelorMittal, and Japan's Nippon Steel, is set to make vaccination the certificate a requirement from July 1.
Olympic gold medallist shooter Abhinav Bindra said that the country should focus on finding the next champion instead of talking about his feat.
Mary Kom (51kg) claimed her eighth world medal at the recently-concluded championships in Russia and BFI now plans to send the Manipuri boxer for the Olympic qualifiers in China
Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steelmaker Lucchini.
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
Earnings growth in the early-bird sample has been driven by banks and iron & steel companies.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
Chopra said he has missed the "natural feeling" of being in a world-class field, except for one occasion, in the run up to the Games which opens on July 23 -- that one time was the Kuortane Games event in Finland on June 26 where he won a bronze with a performance of 86.79m in a star-studded field comprising, among others, Olympics gold favourite German Johannes Vetter, who won the event with a massive throw of 93.59m.
Vikas Krishan has no qualms admitting that he has been indisciplined and too reliant on luck in the past, problems that he claims to have fixed ahead of the Tokyo Games.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
The Modi-Shah duo are standing with B S Yediyurappa: But B L Santhosh refuses to be silenced.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.