Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks. In India, domestic fundamentals such as steel consumption remain robust, hence one can take fresh positions in these counters," said Amit Dixit, an analyst at ICICI Securities.
The chairman of the JSW Group of companies, Sajjan Jindal, whose stake in the group is valued at $14.5 billion (Rs 1.1 trillion), is betting $4.5 billion of his personal fortune in the firm's bid for Ambuja Cements. According to bankers, Jindal's contribution will be a combination of share sale and debts raised by pledging the stake of the target entities with private equities. The JSW Group chairman has offered $7 billion for Ambuja Cements, including $2.5 billion of investments from private equities, the Financial Times reported on Tuesday.
'It hit me, there has to be a better use of technology.' 'It's very difficult to survive without technology and social media as well.' 'Somewhere you have to find the balance.'
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
The first luxury car will be launched in the first quarter of 2025 and the company is planning to open 12 'MG Select' showrooms in the next six months.
'He is the key to unravel the 26/11 conspiracy.'
A look into the controversies the 42-year-old chairman and managing director of Jindal Steel and Power has battled in the last six months.
While the deal would help reduce debt at Jindal Steel, it would also be a boon for State Bank of India, which has been trying to broker an agreement between the companies
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
JSW Steel chairman Sajjan Jindal confirmed that his group is acquiring an IPL side.
Indian-origin US presidential aspirant Bobby Jindal is considering skipping the next Republican national debate after he failed to garner a minimum 2.5 per cent support in a recent poll, according to a report.
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II".
Delhi Capitals has confirmed that the talented wicketkeeper-batter will be their top retention choice ahead of the upcoming IPL mega auctions.
The MG Cyberster, an electric sports car, was launched in Mumbai, March 20, 2024.
The TMC-led West Bengal government has already started laying the groundwork for the election, setting the tone with the recent Bengal Global Business Summit and the state Budget.
The Central Bureau of Investigation is likely to question Congress MP and industrialist Naveen Jindal on Friday in connection with a case of alleged cheating and criminal conspiracy in bagging Amarkonda Murgadangal coal block in Birbhum in 2008.
Ganguly joined Delhi Capitals in 2019 as an advisor, where he worked alongside coach Ricky Ponting, and later returned to the franchise as Director of Cricket after his stint as BCCI president.
Narmada Nithin Raju claimed the gold medal in the women's 10m air rifle with a new national record score of 254.4.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
Bobby Jindal's tirade against Donald Trump -- like his performance in the polls -- hardly got any traction
Industrialist Naveen Jindal, fighting to win the Kurukshetra Lok Sabha seat for a third time, has more than just Narendra Modi to contend with. Joel Rai reports.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
With 3,942 or the 3,967 precincts reporting after the polls closed at 8 pm on October 20, Jindal had received a massive 685,555 votes or 53.69 percent, which put him over the top of the magic 50 percentile that precludes a November run-off and automatically makes him the next governor of this Cajun state
A son of immigrant parents from India, two-term Louisiana Governor Bobby Jindal believes that immigrants in the United States should learn English and adopt American values.
The court said accused cannot leave India without getting its permission.
Louisiana Governor Bobby Jindal, who is widely perceived as the Republican candidate for presidency in 2012, on Tuesday slammed the economic policies outlined by United States President Barack Obama in his first speech to a joint session of the US Congress.The Louisiana governor added that even though his party opposed the economic policies of the Democrats, the Republicans would work with President Obama to help the country overcome the staggering economic crisis.
At the brand new Trishul Shooting Range in Dehradun, Haryana's Asian Games bronze medallist shooter Ramita Jindal turned in a world class performance to top the qualification round in the women's 10m air rifle event.
Indian American Louisiana Governor Bobby Jindal has extended his support to Mitt Romney, who is expected to bag the Republican Party's nomination for presidential polls.
Congress MP and Jindal Steel and Power Cjairman Naveen Jindal on Tuesday lodged a complaint with the Election Commission against two news channels belonging to a group for allegedly telecasting false news against him.
Fellow Republican David Vitter holds the US House of Representatives seat that Jindal is eyeing.
'We will have a well-designed product, and not a compromise.' 'We will make a completely contemporary vehicle, in keeping with consumers' aspirations, not like the Nano, which disappointed them,' Sajjan Jindal tells Shreekant Sambrani.
If tweets can do so much, why do we need an independent regulator and multiple committees discuss and recommend policy?
Eminent Indian Americans on Wednesday welcomed the re-election of Donald Trump as the 47th president of the United States and assured to work with him on several issues, including that of the United States-India relationship.
Congressman Joe Wilson, South Carolina Republican and the co-chair of the Congressional Caucus on India and Indian Americans, was the first one to take to the House floor to congratulate Piyush 'Bobby' Jindal on his election as the next Governor of Louisiana. Wilson was the only Congressional colleague of Jindal's who went to Louisiana to help in his campaign. He also attended a rally in New Orleans the day before the election on October 20.
Indian-American Republican presidential aspirant Bobby Jindal once again found himself at the butt of jokes after he invited questions on Twitter which attracted a barrage of tweets with people asking bizarre questions, poking fun at him.
Nine Indian Americans are running for the US House of Representatives, which includes a re-election bid by six of them while three are making their maiden foray into Congressional politics.
Eight out of 10 ministers under the Nayab Singh Saini government faced defeat in the Haryana assembly polls.
