The world's largest steelmaker, Mittal Steel Co. will buy 36.7 per cent stake for $316 million in China's Hunan Valin Steel Tube & Wire Co.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
Stocks of small- and mid-cap companies continued to gain ground in July, notwithstanding analysts sounding caution on these two market segments given the sharp run thus far in calendar year 2023 (CY23). Sanjeev Prasad, co-head of Kotak Institutional Equities, in a note co-authored with Anindya Bhowmik and Sunita Baldawa in June-end, had cautioned against the sharp run in small- and mid-caps. "We do not see any particular reason for the excitement in small- and mid-cap stocks.
'Cyrus was always very different. He would think before acting.'
Global steel giant Mittal Steel Co has bought its first stake in China's steel industry, purchasing a 37 per cent share of a state-owned steel mill, a news report said on Friday.
Esmark Inc. has entered into a joint venture with Brazilian iron-ore producer Companhia Vale do Rio Doce and Ukrainian steelmeker Industrial Union of Donbass Corp to purchase the plant.
The Sterlite group is gearing up to revive its steel project in Orissa in partnership with a foreign company
..... but big picture investing is too difficult, says Ramesh S Damani.
India's No 2 steel maker, Tata Iron and Steel Co. (Tisco) expects to post improved results in the third and fourth quarters of the current year.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
As Venezuelans continue to flee the starvation, crime and the horrific inflation that continues to mark the worst crisis it has ever faced, Radha Biswas looks back at a devastated country she continues to love deeply.
Left Behind is a film you need to leave behind, warns Paloma Sharma.
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