Following price hike of Rs 500 per tonne by Steel Authority of India Ltd, other private producers on Monday announced hike in prices of hot rolled coils by the same amount.
In the clip of about 40 seconds, a man is seen pouring water from a can into a pan, following which five cheetahs sitting under the shadow in the vicinity walk up to the utensil and start drinking the water.
The earthquake rocked many parts of Thailand including its capital Bangkok, the venue for next week's summit of BIMSTEC regional grouping that is scheduled to be attended by Modi among other leaders.
Delhi International Airport Limited (DIAL), which operates India's largest airport, dismissed the expert committee report as "inaccurate", claiming it relied on "probabilities, hypothesis, and conjectures" rather than empirical data or complete documentation.
Stunning landscapes, natural beauty, clean beaches, cultural wealth, mouth-watering food, shopping options, safety for solo travellers, warm hospitality, easy visas, and connectivity make Vietnam a must-visit destination, discovers Ramesh Menon.
Tata Steel has committed itself to maintain prices till March 2005.
The share sale would see government offloading 10 per cent of its stake in the steel maker, while the company will raise fresh equity in the same proportion.
High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
'Retail investors, who had not seen such a massive correction in the SMID universe since COVID-19, are witnessing something like this for the first time. Panic profit booking may continue.'
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
While Sachin Tendulkar's 2013 farewell became a national pilgrimage, a vibrant celebration befitting a cricketing deity, the exits of many other Indian icons this century have been quieter journeys into the twilight.
He said this in response to a query during a press interaction held at his residence in New Delhi on what Germany was willing to do bring over three-year-old Ariha back and whether her issue will be raised at the "highest level".
Reconstruction of the terminal is expected to be completed by September 2028.
Mjunction plans ventures for chartering ships and selling tea to businesses.
'He asserted in his usual jovial style that he was not an MBA like his audience at IIM-Ahmedabad but perhaps had an even better business degree: MBB'. 'He went on to explain to his perplexed, blue chip B-School audience that MBB stood for "Marwadi by birth"!' Shivanand Kanavi salutes Shashi Ruia, co-founder of the Essar group who passed into the ages on November 25, 2024 in Mumbai.
From the Sensex pack, Adani Ports & Special Economic Zones, Mahindra & Mahindra, Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were the major gainers. In contrast, Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Hindustan Unilever, ITC, Tata Motors and Tata Consultancy Services were among the laggards.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
Higher import duties on steel improve the bottom lines of steel-makers, but depress those of downstream users of steel.
After struggling to acquire land for a steel plant in Orissa since 2005, Korean steel giant Pohang Iron and Steel Company (Posco) has found a way of gaining a foothold in India. It has agreed in principle to tie up with state-owned Steel Authority of India Ltd for a steel project that is likely to cost upwards of Rs 15,000 crore.
Ruias to sell Essar Steel stake to strategic partners.
The organisers of the rally said the steel pipes made in India, destined for use in the Keystone Pipeline being built by TransCanada from the oil fields of Alberta in Canada to the Conoco-Phillips refinery in Illinois, are being unloaded from nearby railroad cars and transferred to tractor trailers at a time when some 2,000 workers at USS Steel have been laid off from the adjacent steel mill.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
India on Monday announced the results for the country's first critical mineral auction. Amid the tepid response from big players, the list of successful bidders included some lesser known names. A total of five companies secured bids for six critical mineral blocks of graphite, manganese, phosphorite, lithium, and rare earth elements with auction premiums ranging from 13.05 per cent to 400 per cent.
Prime Minister Narendra Modi had in June dedicated the modernised and expanded Bhilai Steel Plant to the nation.
Dr T V Somanathan is the first finance secretary to be appointed Cabinet secretary since 1985. His appointment at this juncture seems to carry much meaning for the forthcoming trajectory of reforms and restructuring of India's steel frame.
CBI has also named unknown officials of the union environment ministry in the PE.
Some people stand out just by being unassuming. Sanak Mishra, chief executive officer (CEO), Mittal Steel India, is one of them.
'After his warm and affectionate farewell speech, the Chief of Staff of the formation asked me, "So, now you are off to Coorg to look after your coffee estates?"' For the last time, in Army uniform and much to his surprise, I replied, "Sir, I am not from Kodagu.".'
'Vinesh you are a gold medalist of courage and morality.'
Six persons, including two deputy general managers, were killed and over 30 people fell ill when poisonous gas leaked in Steel Authority of India's Bhilai Plant in Durg district of Chhattisgarh on Thursday.
FM targets to collect Rs 70,00 crore from their sale.
Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.
This is an opportune moment in the geopolitics of the region for India to think along the medium and long-term direction of creating underpinnings of a cooperative relationship with Pakistan, says MK Bhadrakumar
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
