India Inc on Wednesday welcomed Tata Steel's acquisition of Anglo-Dutch steel maker Corus while expressing concern that the deal might re-rate the entire steel industry, making steel companies over-valued.
Ajit Mishra answers reader queries on the stock market.
Globally, London's Tube and French railway networks are already using this technology in their corrosion-prone areas.
Jindal Steel and Balco emerged as the top bidders.
'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'
JSW will pay at least Rs 4,000 crore Rs 40 billlion.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
The markets have opened on a positive note but soon weakness began to set in
The markets have opened on negative note. At 9:57 am, the Sensex was down 30 points at 11472.
In a restructuring mould, O P Jindal group company, Jindal Strips Ltd is planning to hive off its subsidiaries Jindal Holdings, Jindal steel and Alloy and Jindal Stainless (Mauritius) as separate companies.
The Sensex opened with a positive gap of 21 points at 10,862
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.
Jindal Steel and Power Ltd will set up a 1000 MW (250x4 units) power plant, accorded 'mega project' status, in Raigarh entailing an investment of Rs 3,900 crore.
Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.
The O P Jindal Group company Jindal Steel and Power has begun talks with the State Bank of India, Punjab National Bank and Canara Bank for financing its Rs 550 crore (Rs 5.50 billion) expansion plan.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The foreign agency has claimed four accounts held by the Jindals.
'Kindly advise about the following stocks. Can I hold or exit?'
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Auto stocks will be in focus
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
Steel scrips have found reason to celebrate what with freight rates for steel being reduced in the Railway Budget announced on Wednesday.
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Of these, three stocks belong to the automobile pack and two are from the pharma.
Seeking stringent action against the perpetrators of the Pulwama attack, India Inc said 'now we have to make sure that the world knows that they can't mess with us'.
.jpg)
The award of more than 200 coal blocks to steel, cement and power companies has been at the centre of the so-called "Coalgate" scandal.
Industry players said they were indeed seeing a serious fall in capacity usage, though some sectors were seeming to prevent further fall in the overall capacity utilisation.
The Bombay Stock Exchange 30-share index resumed better at 21,278.08
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
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.
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.
In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.
The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
.jpg)
The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances