Aditi Divekar
Aditi Divekar
Page 40 - Aditi Divekar
JSW Steel Oct crude steel output up 39% on yr
Flat steel production up 96%, long steel production declines 10%
 "JSW Steel Oct crude steel output up 39% on yr")
Tech Mahindra Q2 net up 57% at Rs 718 cr y-o-y
However, on a sequential basis the profit was up only 4.7% as it had a forex loss of Rs 26 cr
 "Tech Mahindra Q2 net up 57% at Rs 718 cr y-o-y")
ABG Shipyard heads for recast of long-term debt
Move driven by overall economic slowdown; bankers wary as this follows the Rs 5,860-cr recast of company's peer, Bharati Shipyard
 "ABG Shipyard heads for recast of long-term debt")
ABG Shipyard heads for recast of long-term debt
ICICI Bank, State Bank of India, IDBI, Bank of India, Bank of Baroda and Punjab National Bank among major lenders to ship building company
Our debt is not a problem, perception is making it look like one: Seshagiri Rao
Interview with Joint MD & Group CFO, JSW Steel
 "Our debt is not a problem, perception is making it look like one: Seshagiri Rao")
Zinc, copper biz help Sesa Sterlite beat Street
Power and and iron ore segments pulled down performance but are expected to improve
Essar Ports Q2 PAT up 21% y-o-y on rise in coal cargo revenue
Net profit at Rs 97.5 crore; net sales up 14% on yr at Rs 398.1 crore
 "Essar Ports Q2 PAT up 21% y-o-y on rise in coal cargo revenue")
Tata Steel Europe announces restructuring of long product business
About 340 positions could be affected at sites in Scunthorpe, 90 in Workington and 40 in Teesside
 "Tata Steel Europe announces restructuring of long product business")
Hewlett-Packard launches workstations, display products
Will also launch a 14-inch Zbook called Ultrabook
 "Hewlett-Packard launches workstations, display products")
Foreign exchange loss hurts JSW Steel's Jul-Sep net profit
Jul-Sep PAT at Rs 101.25 crore, down 87% from yr ago
 "Foreign exchange loss hurts JSW Steel's Jul-Sep net profit")
Timing the tide right, GE Shipping sails past SCI
Stock now two and a half times more valuable than state giant, an outcome of smarter strategic decisions
 "Timing the tide right, GE Shipping sails past SCI")
Hindustan Zinc Q2 PAT up 7% on year as net sales jump
Net sales surge 25% on year to 3,521 crore
Hind Zinc Jul-Sep net profit seen up on strong net sales
Company is expected to report 12% year on year growth in top-line due to higher volumes, while bottom-line is expected to grow by 11.5% on year in line with increase in top-line
 "Hind Zinc Jul-Sep net profit seen up on strong net sales")
Hewlett-Packard launches new multifunction printer for Indian businesses
Co to have new partner managed print services program in India
Gujarat NRE Coking Coal shareholders ok Jindal Steel's majority stake buy
Deal with JSPL will allow assured supply of coking coal to company units
 "Gujarat NRE Coking Coal shareholders ok Jindal Steel's majority stake buy")
Rupee to play crucial role in Jul-Sep earnings of metal firms
Base metal prices remained subdued on fear of the US Federal Reserve tapering its quantitative easing measures
 "Rupee to play crucial role in Jul-Sep earnings of metal firms")
Nalco denies knowledge of FIR on coal block allocation
Media reports state CBI has filed FIRs against Kumar Mangalam Birla, Nalco & Hindalco
 "Nalco denies knowledge of FIR on coal block allocation")
Hindalco Ind adhering to coal allocation process
Media reports say CBI has filed FIR against Kumar Mangalam Birla, Nalco, Hindalco in Coalgate
 "Hindalco Ind adhering to coal allocation process")
Steel companies come ahead to help Phailin affected victims
Tata Steel provides food, shelter at its education centre
JSW Steel Jul-Sep crude steel output at 2.98 mn tonne, up 37% on year
Flat steel production up 69% on year