Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September from a year ago though the country has enough capacity to meet its demand.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
ArcelorMittal, Anglo Australian major Rio Tinto, Hyderabad-based GVK Power & Infrastructure, Essar Mineral Resources and JSW Steel are among 10 prominent corporations in a shortlist to develop 18 abandoned coal mines owned by state-owned Coal India Ltd and its eight subsidiaries.
A little over a year before, when the Hajigak iron ore deposit was put up for grabs, at least five companies - Essar Minerals, JSW Steel, Rashtriya Ispat Nigam, Sesa Goa and Ispat Industries - had evinced interest.
In what could hit trading on Power Exchange of India Ltd, the Forward Markets Commission has warned it to cease trading in contracts beyond 11 days of payment and delivery. The FMC has also advised traders to desist from trading such contracts on PXIL.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
Flat steel producers -- SAIL, Tata Steel, Essar, Bhushan Steel and JSW -- have increased prices up to Rs 2,000 a tonne on the back of rising demand.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
Five Indian metals and mining companies are in the race for acquiring mining rights for the largest iron ore deposit in war-torn Afghanistan. The government has shortlisted Vedanta group's Sesa Goa, Essar Minerals, Ispat Industries, JSW Steel and Rashtriya Ispat Nigam for a bid for the 1.8 billion tonne Hajigak iron ore deposit.
The domestic steel companies such as SAIL and Tata Steel are likely to increase prices by about Rs 600 a tonne on account of the increase in excise duty in the Budget.
In 2014, the Supreme Court of India revoked the allocation of more than 200 coal blocks which were sold by the government
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
.jpg)
Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
While some such as Hindalco, JSW Steel, India Cements, Essar Oil, Tata Steel and Jet Airways have already announced plans to raise a combined Rs 70,000 crore, there are many who are redrawing proposals to enter the market to raise money.
RIL, Essar, Adani have sounded bankers to raise funds abroad in the coming weeks
Experts say that until the market bounces back to a respectable level and creates confidence among investors, who could look forward to some price appreciation, IPOs will not be successful.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Noting that Indian firms face a high risk of mark-to-market losses due to a volatile forex market, a brokerage firm has named telecom major Reliance Communications and auto giant Tata Motors among five blue-chip companies estimated to have suffered the most during 2008-09.
Elaborating this, Swati Piramal, vice president, Assocham and director of drug major Nicholas Piramal said though big multinational pharmaceutical companies have adequate cash reserves to face the global crisis, small and medium scale research-driven pharmaceutical and biotech companies which are heavily dependent on external funds for survival, may find the going tough and this will open up acquisition opportunities for Indian companies.
Bhogapuram international airport, Ramayapatnam and Bandar ports, the Muktyala lift irrigation scheme and a bridge across the Krishna river are some of the projects likely to be hit.
A slew of real estate companies, like DLF, Omaxe, BPTP and Avnija Properties (Dalmia Cement), and large corporations like telecom bigwig AT&T, Sterlite, Videocon, JSW Power, Hinduja's HTMT, Moser Baer Infrastructure, Ispat Industries Ltd and a Sam Pitroda-owned company are among the 25 companies whose applications will not be immediately processed by the Department of Telecommunications (DoT) for awarding mobile licences.
The brokerage, which previously had a target of 31,000, cited global growth concerns for revision in the target.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Companies attribute declining sales to the lack of demand from the automobile, real estate and consumer durables sectors, which are facing rising inventory levels that have choked cash flows.
His dream of representing the country in Rio Olympics shattered after a verdict of the CAS, a devastated Narsingh Yadav, on Friday, said that he will do everything to prove his innocence.
Ricky Ponting + Sourav Ganguly + Shreyas Iyer + Kagiso Rabada + Rishabh Pant + Shikhar Dhawan + consistent team selection. Dhruv Munjal on how Delhi Capitals achieved a remarkable turnaround in IPL 2019.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
The Indian Steel Alliance, the high-profile lobby group for big producers representing approximetly half of India's steel production, is being dissolved, seven years after it was set up to promote steel usage in the country. On Sunday, state-owned Steel Authority of India Ltd had pulled out of ISA in a bid to distance itself from the recent price-rise controversy and had said the alliance had outlived its utility.
The country's leading steel producers have devised a new strategy to pass on rising raw material costs to the end users without raising prices. Companies are now levying raw material surcharges while keeping the base price unchanged.
Sajjan Jindal, vice-chairman and managing director of JSW Steel and one of West Bengal's most valued investors, said that he would have compensated unwilling farmers with double the land 800 acres next door in return for land for the Tata Motors factory at Singur.
The domestic steel prices may fall by up to Rs 3,000 a tonne after June, if the rates if coking coal decline in the global market, Steel Secretary P K Rastogi said.
With high investment levels fuelling much of the current GDP growth, the impact of the credit squeeze is more than a matter of academic interest.
Large steel producers had reduced prices up to Rs 4,000 per tonne on request of Prime Minister Manmohan Singh on May 7. They had also agreed to hold the price line for the next three months. The three-month price moratorium expires in August.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
The result ensured they ended their campaign on 30 points from 18 matchese. Churchill on the other hand finished with 20 points from 18 matches, their position in the table to be decided on Sunday.
Rising interest rates are forcing companies, big and small, to either defer projects, go slow on expansions or raise money from alternative sources.
