Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
The judiciary has sent a strong message against crony capitalism.
Globally, London's Tube and French railway networks are already using this technology in their corrosion-prone areas.
Infrastructure and real estate prominently feature as wealth destroyers.
The total investor wealth in domestic stock markets soared by Rs 1.53 lakh crore as investors cheered energy reforms, including hike in natural gas prices.
The government on Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mines development and warned of deduction in their bank guarantees if they failed to furnish replies.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
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.
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Ajit Mishra answers reader queries on the stock market.
Industrial output fell 3.2 per cent in November.
Russia's war on Ukraine has sent steel prices soaring to its highest levels in the domestic market since November 2021. But there is little cheer in the industry. That's because input costs are spiralling out of control, leaving the big boys nearly as high and dry as the small, medium and secondary steel producers. Russia and Ukraine are major providers of steel and raw materials to the world.
Those for power sector to see tussle between prior owners & new challengers
Rising prices of international coal - both coking and thermal - used in the making of ferrous and non-ferrous metals, respectively, are expected to have an impact on margins of metals companies in July-September quarter (Q2) as steel companies may see margins getting eroded, while the base firms could stand to benefit, said brokerages.
Delaying action on climate change will hurt growth: Global CEOs.
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Elaborating on this theme, Petroleum Minister Dharmendra Pradhan pointed out that if the power sector had not been opened up through reforms initiated in 2003, India would still have been in darkness.
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Fast cars, marathons, golfing and shooting - nothing stops these high-power tycoons from pursuing their passion.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
The Centre on Wednesday told the Supreme Court it would examine the current status of development in 61 coal blocks allocated to companies, on a case-by-case basis, and take a decision within six weeks.
More than 10% (40 of 498 companies) have lost at least half their market value.
Traders blame demonetisation for subdued demand in retail segment
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
The Prime Minister will formally launch the Rashtriya Kaushal Vikas Yojana and the National Skills Mission on July 15
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
Pharma shares extended losses after the government's ban on combination drugs.
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