News for 'Steel'

Nifty 50 & Sensex: What the First Half of 2025 Says?

Nifty 50 & Sensex: What the First Half of 2025 Says?

Rediff.com10 Jun 2025

Indian stock markets have experienced some ups and downs in the first half of 2025. However, both the Nifty 50 and Sensex saw steady gains, supported by a healthy economy and better corporate earnings. In this article, we will look at the detailed performance of these key indices and explore the sectors that drove the market rally.

World Champion vs World No 1: Gukesh takes on Carlsen in opener

World Champion vs World No 1: Gukesh takes on Carlsen in opener

Rediff.com25 May 2025

D Gukesh will take on Magnus Carlsen in the opening round in what should be one of the most keenly-contested matches at the Norway Chess tournament.

Banking, oil shares drag Sensex down 156 points

Banking, oil shares drag Sensex down 156 points

Rediff.com6 May 2025

Among Sensex firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.

Q2FY24 performance: Cautious near-term outlook for Tata Steel stock

Q2FY24 performance: Cautious near-term outlook for Tata Steel stock

Rediff.com10 Nov 2023

There was an acceptable domestic performance in India but there continues to be concerns about the Europe business and that overshadows the local performance. The consolidated revenues for the Q2FY24 stood at Rs 55,682 crore with an operating profit of Rs 4,315 crore and an operating profit margin of 8 per cent.

Rupee steady versus dollar, but loses ground against euro, pound in 2025

Rupee steady versus dollar, but loses ground against euro, pound in 2025

Rediff.com19 May 2025

The rupee has held its ground against the US dollar in the 2025 calendar year so far, but depreciated significantly against the euro and pound. It fell by 6.83 per cent, and 5.44 per cent against the euro and pound respectively, as the two currencies strengthened significantly against the greenback during the period.

Markets end in red; Bajaj twins, geopolitical tensions drag

Markets end in red; Bajaj twins, geopolitical tensions drag

Rediff.com30 Apr 2025

Tata Motors, State Bank of India, UltraTech Cement, Tata Consultancy Services, Tata Steel and Asian Paints were among the other laggards from the 30-share pack. Maruti, Bharti Airtel, Power Grid, Hindustan Unilever and HDFC Bank were among the gainers.

Praggnanandhaa wins Superbet Classic after tense tie-break

Praggnanandhaa wins Superbet Classic after tense tie-break

Rediff.com17 May 2025

Rameshbabu Praggnanandhaa won the Superbet Chess Classic after defeating Maxime Vachier-Lagrave with white pieces in the final Blitz play-off game on Friday.

Champion Praggnanandhaa returns to rousing reception

Champion Praggnanandhaa returns to rousing reception

Rediff.com4 Feb 2025

R Praggnanandhaa, the newly-crowned Tata Steel Chess champion, was given a warm reception upon his return to Chennai. The 19-year-old made history by defeating reigning World Champion D Gukesh in the final, marking the biggest win of his career. Fans, officials from the Tamil Nadu government, and the national federation gathered at the airport to welcome the young chess prodigy. Praggnanandhaa became the first Indian after Viswanathan Anand to win the Tata Steel Chess title.

Sajjan Jindal attends wedding of Nawaz Sharif's grandson in Lahore

Sajjan Jindal attends wedding of Nawaz Sharif's grandson in Lahore

Rediff.com2 Jan 2025

Indian business tycoon Sajjan Jindal, along with his family, attended the wedding festivities of the grandson of former Pakistan prime minister Nawaz Sharif in Lahore. Jindal, the managing director of JSW Steel, was among 700 local and foreign guests who attended the wedding of Sharif's grandson Zayd Hussain Nawaz at their palatial Jati Umra Raiwind residence in Lahore on Sunday. Several other Indians also attended the festivities.

Four IPOs worth Rs 6600 to hit D-Street next week

Four IPOs worth Rs 6600 to hit D-Street next week

Rediff.com25 May 2025

The initial public offering (IPO) lane will be busy next week, with four main-line companies, including Leela Palaces Hotels & Resorts operator Schloss Bangalore Ltd and Aegis Vopak Terminals tapping the primary market to raise over Rs 6,600 crore collectively.

Gukesh Shaves Off Hair At Tirupati

Gukesh Shaves Off Hair At Tirupati

Rediff.com13 Mar 2025

Norway Chess released a video of 18-year-old Gukesh with a tonsured head, giving it as an offering to Lord Balaji.

'Religious reasons': Why Uzbek GM Yakubboev refused Vaishali's handshake

'Religious reasons': Why Uzbek GM Yakubboev refused Vaishali's handshake

Rediff.com27 Jan 2025

Grandmaster Nodirbek Yakubboe said he didn't respond to Indian GM R Vaishali's handshake gesture because of 'religious reasons'.

Anuskha-Virat's 9 Relationship Lessons

Anuskha-Virat's 9 Relationship Lessons

Rediff.com4 Jun 2025

Anushka Sharma and Virat Kohli have consistently shown us how to build a relationship that thrives under pressure and celebrates each other's victories as their own.

Sensex gains 106 points in highly volatile trade

Sensex gains 106 points in highly volatile trade

Rediff.com7 May 2025

From the 30-share Sensex firms, Tata Motors, Bajaj Finance, Eternal, Adani Ports, Tata Steel, Titan, Mahindra & Mahindra and Power Grid were among the gainers. Asian Paints, Sun Pharma, ITC, Nestle, Reliance Industries and HCL Tech were among the laggards.

Trump's reciprocal tariffs and WTO rules: An explainer

Trump's reciprocal tariffs and WTO rules: An explainer

Rediff.com15 Feb 2025

American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12.

Why 500,000 Indians Visited Vietnam

Why 500,000 Indians Visited Vietnam

Rediff.com3 Jul 2025

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.

Key infra sectors' growth slows to 4% in Dec 2024

Key infra sectors' growth slows to 4% in Dec 2024

Rediff.com31 Jan 2025

The output of eight key infrastructure sectors slowed down to 4 per cent in December 2024, as against 5.1 per cent growth registered a year ago, according to official data released on Friday. On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024.

'I changed some things and it worked'

'I changed some things and it worked'

Rediff.com3 Feb 2025

Grandmaster Rameshbabu Praggnanandhaa opens up on beating World Champ D Gukesh to win the Tata Steel Chess Tournament, in Wijk Aan Zee, The Netherlands.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

Tata Steel chess: Gukesh drops to 2nd; Absuttarov snatches lead

Tata Steel chess: Gukesh drops to 2nd; Absuttarov snatches lead

Rediff.com27 Jan 2024

After the draw with Iranian turned French player Firouza, Gukesh has seven points for his sole second spot.

Sensex, Nifty fall on selling in Axis Bank, Indo-Pak tensions

Sensex, Nifty fall on selling in Axis Bank, Indo-Pak tensions

Rediff.com25 Apr 2025

However, Tata Consultancy Services, Infosys, Tech Mahindra, UltraTech Cement, IndusInd Bank, Hindustan Unilever and ICICI Bank were the gainers.

Sensex climbs 260 points on FII buying, hopes of India-US trade deal

Sensex climbs 260 points on FII buying, hopes of India-US trade deal

Rediff.com2 May 2025

Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also among the gainers. Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan were among the laggards.

Sensex, Nifty end in red on rising India-Pak tensions

Sensex, Nifty end in red on rising India-Pak tensions

Rediff.com8 May 2025

From the Sensex firms, Eternal, Mahindra & Mahindra, Maruti, Bajaj Finance, Tata Steel, Bharti Airtel, Bajaj Finserv, Asian Paints, Power Grid and State Bank of India were among the laggards. Kotak Mahindra Bank, Axis Bank, Titan, HCL Tech, Tata Motors, Infosys and Tata Consultancy Services were the gainers.

JSW Indian Open: Teen sensation Anahat triumphs

JSW Indian Open: Teen sensation Anahat triumphs

Rediff.com28 Mar 2025

India's women's number one squash player Anahat Singh brushed aside Helen Tang of Hong Kong in the final to clinch the JSW Indian Open title in Mumbai on Friday.

The Sardar Who Won Over Kochi's Tummy

The Sardar Who Won Over Kochi's Tummy

Rediff.com20 Jun 2025

'We are Indians irrespective whether we are Punjabi, Gujarati, Bengali, Malayali or Tamilian.' 'I am the best example of this integration.'

What makes Essar steel sector's comeback kid

What makes Essar steel sector's comeback kid

Rediff.com21 Jun 2022

Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.

Stock markets log biggest single-day rise; Sensex ends up 2975 points

Stock markets log biggest single-day rise; Sensex ends up 2975 points

Rediff.com12 May 2025

From the Sensex firms, Adani Ports, Eternal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid and NTPC were the major gainers. Sun Pharma, however, tanked over 5 per cent.

India, US to start 3-day trade talks from Wednesday

India, US to start 3-day trade talks from Wednesday

Rediff.com25 Mar 2025

Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agreement in New Delhi on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. To formally start the negotiations on the pact, Assistant US Trade Representative for South and Central Asia Brendan Lynch, along with a team of officials, is in New Delhi.

Terrorists, their masterminds want Kashmir to be... Modi

Terrorists, their masterminds want Kashmir to be... Modi

Rediff.com27 Apr 2025

Modi said, "I can feel that the blood of every Indian is on the boil after seeing the pictures of the terrorist attack. I once again assure the affected families that they will get justice, and justice will be definitely done. The perpetrators and conspirators of this attack will be served the harshest punishment."

Itachuna: Regal, Rich, And A Bit Spooky

Itachuna: Regal, Rich, And A Bit Spooky

Rediff.com2 Jul 2025

Rajbaris are a link to Bengal's rich past, of grand mansions, classical fine dining, and allow guests to be pretend zamindars for those few hours or days that they stay.

Stock market crash makes investors poorer by Rs 20.16 lakh cr

Stock market crash makes investors poorer by Rs 20.16 lakh cr

Rediff.com7 Apr 2025

Tata Steel and Tata Motors dropped over 10 per cent each. Larsen & Toubro, HCL Technologies, Adani Ports, Tech Mahindra, Infosys, Tata Consultancy Services, Reliance Industries and Mahindra & Mahindra were the other big laggards.

US top trading partner of India for 4th straight year

US top trading partner of India for 4th straight year

Rediff.com16 Apr 2025

The US remained India's largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at $131.84 billion, while the country's trade deficit with China widened to $99.2 billion during the same period, government data showed. In the last fiscal, India's exports to China contracted 14.5 per cent to $14.25 billion as against $16.66 billion in 2023-24. The imports, however, rose by 11.52 per cent in 2024-25 to $113.45 billion against $101.73 billion in 2023-24.

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Rediff.com22 May 2025

For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.

Sensex jumps 1,006 pts on buying in RIL, foreign fund inflows

Sensex jumps 1,006 pts on buying in RIL, foreign fund inflows

Rediff.com28 Apr 2025

Sun Pharma, Tata Steel, State Bank of India, Axis Bank, Tata Motors, Larsen & Toubro and ICICI Bank were also among the Sensex gainers. HCL Tech, UltraTech Cement, Nestle and Hindustan Unilever were among the laggards.

Which PSU Stocks Should You Invest In?

Which PSU Stocks Should You Invest In?

Rediff.com17 May 2025

'The universe of PSU stocks is huge and diverse.' 'Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.'

Talent is not a problem. We need belief: Manu Bhaker

Talent is not a problem. We need belief: Manu Bhaker

Rediff.com7 Mar 2025

'We women can do a lot of things.'

No nuclear signalling by Pak during conflict, Misri tells Parl panel

No nuclear signalling by Pak during conflict, Misri tells Parl panel

Rediff.com19 May 2025

The sources said Misri reiterated the government's stand that the decision to stop military actions was taken at a bilateral level, as some opposition members questioned US President Donald Trump's repeated assertions about his administration's role in stopping the conflict.

Sensex climbs 557 points; bank stocks rally

Sensex climbs 557 points; bank stocks rally

Rediff.com21 Mar 2025

From the Sensex pack, NTPC, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, Nestle, Larsen & Toubro, Tata Motors, ICICI Bank, Power Grid and Zomato were among the gainers. However, Infosys, Tata Steel, Mahindra & Mahindra, Titan and Bajaj Finserv were among the laggards.

'Rain not Sole Cause of Delhi Airport Canopy Collapse'

'Rain not Sole Cause of Delhi Airport Canopy Collapse'

Rediff.com27 Feb 2025

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.

Super Cup: NorthEast United thrash Mohammedan Sporting

Super Cup: NorthEast United thrash Mohammedan Sporting

Rediff.com25 Apr 2025

Moroccan striker Alaaeddine Ajaraie struck a brilliant hat-trick as NorthEast United FC demolished Mohammedan Sporting 6-0 to enter the Kalinga Super Cup quarter-finals.