'Enterprises have become more demanding in terms of their productivity expectation from their employees.'
JSW Steel, Tata Steel, Steel Authority of India, Bhushan Steel, Essar Steel, Jindal Steel & Power, and Rashtriya Ispat Nigam are among the top producers of the alloy in the domestic market
The Coal Ministry has issued show-cause to eight firms including Hindalco Industries and Mahanadi Coalfields, and sought explanation from five firms for delays in commencing production from mines allocated to them.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
No capital came in through the approval route, while the rest of $9,86,681 was by way of issuance of rupee denominated bonds.
When the world was upended by the Covid-19 pandemic, metals got its shine back. In the last two years, infrastructure spending by major economies spurred demand, energy transition and intermittent supply disruptions fuelled a scorching rally in metals after a downturn during the first Covid wave. Now, Russia's war on Ukraine is ensuring that elevated prices stay the course.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Prices in the domestic market are increasing because there is a demand pull, and internationally, prices have gone up.
Construction major Larsen & Toubro invested $160.80 million in its wholly owned unit in the United Arab Emirates for business in financial services.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
Among other major companies, Cox & Kings made a total investment of $39.95 million in four different WOS situated in Hong Kong, Singapore and the UK.
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
'He just has to keep performing, and mustn't let this go to his head.'
Steel firms brace for good times on the back of better demand.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
The profitability of industry is under stress and needs to be addressed by encouraging investments in the supply side infrastructure.
JSW Steel chairman Sajjan Jindal confirmed that his group is acquiring an IPL side.
Indian firms raised the money via external commercial borrowings.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
The government on Monday decided to deallocate one more mine - Gourangdih ABC-- jointly given to JSW Steel and Himachal Emerging Markets Trade Association besides deduction of bank guarantees of two allottees for failing to develop mines within time.
The steel sector, which has spent a lot of money to tap the automobile segment, is nervous on its investments.
Yet to achieve financial closure for project because of pending draft agreement.
It is not the lack of skills and poor education institutes, but the lack of passion to learn and poor choices that is holding India's young grads back.
In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or suspended or not renewed during the moratorium period. The Cabinet also allowed amending the code to streamline the corporate insolvency resolution process and protect last-mile funding to boost investment in financially distressed sectors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While fuel costs have risen 20%, prices of finished output have fallen
JSW had moved competition watchdog alleging Asian Paints threatened various dealers from dealing with the company.
Rs 25 lakh can make sure that the medal will bear individual or corporate donor's name for 10 yrs.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
10 mn-tonne plant in Mamata's crosshairs; company says work in progress.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
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.
With a 4-5 per cent rise in steel prices on January 1, cars and consumer durables are set to get dearer.
This is expected to help the promoters to retain their current holding of about 42 per cent, post the stake sale to JFE. The company declined to comment.
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.
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.
Steel trader Kunal Gandhi has stopped going to metal yards -- he now buys 80 per cent of his monthly steel requirement of 2,500 tonne from JSW Shoppe at Mumbai's Vile Parle, which opened three months back.
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.
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