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Double whammy: Rains, bleak festive demand to impact warehousing margins

Heavy rains recently brought business to a standstill in Bhiwandi, the warehousing hub that dispatches hundreds of thousands of retail and industrial goods daily to consumers in Mumbai

Shipping freight market defies ongoing trade war, global economic slowdown

Revival in iron ore exports from Brazil and Australia in last few months has helped improve the dry bulk segment

Novelis firm on Aleris Corp acquisition as US files antitrust suit

The DOJ and Novelis have agreed to refer the matter to a binding arbitration, given the differences in calculating the market size, among other things

No official intimation from EU on Novelis-Aleris deal approval: Birla

Hindalco cuts FY20 India capex to Rs 2,000 crore on weak LME price trend

India to discuss an alternative maritime route for oil from Russia

This comes amid high tension between Iran and European countries in the Strait of Homuz last month

Global iron ore, steel prices likely to shoot up with China demand

Beijing's proposed stimulus to slightly hit imports

Hindalco Industries' Q1 consolidated net at Rs 1,063 cr, down 28% YoY

Lower LME prices, global downturn impact performance

From Tata to JSW, steelmakers jittery over record drop in car sales

See low demand situation at the end of the cycle

Tata Steel draws up plan to boost competitiveness, lower logistics cost

"The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary," says Tata Steel CEO

Vedanta net profit down 12% at Rs 1351 crore in Q1 as expenses increase

The company's topline in the period under review stood at Rs 21,167 crore, down 3.5 per cent from same period last year

Tata Steel plans to make European operations sustainable on its own

For the most part since acquiring the Europe operation, Tata Steel's business in India has been funding the former

SAIL seeks takers from across globe for 3 loss-making units, invites EOI

Shortlisted bidders to be intimated on August 8; advisor SBI Caps says no debt taken for any of the units will be transferred

From copper to aluminium, Anil Agarwal-led Vedanta's smaller biz looking up

For the past two years, the company's aluminium revenue has been growing quarter after quarter

Diversification of iron ore distribution can end conflict: Rating agencies

Existing mining company could have own infrastructure in the form of trucks, jetties, site offices, cranes and other leased equipment and not just the mine resource

Copper mining could augur well for Anil Agarwal's Vedanta: Analyst

So far, the company has been only into copper smelting," said a Mumbai-based analyst on condition of anonymity

Hindalco and Vedanta: Tale of two aluminum producers and their strategies

Hindalco says it wishes to insulate itself from price fluctuations on the London Metal Exchange

JSW Steel Q4 PAT halves to Rs 1,495 cr on higher expenses, lower margins

Company board passes a resolution to raise up to Rs 14,000 crore as long-term resources

Steel companies turn to small OEMs as car sales continue to drop

Sajjan Jindal-led JSW Steel and Tata Steel are among the top flat steel producers in the country

Vedanta Q4 PAT at Rs 2,615 cr, down 34% yoy on Tuticorin plant shutdown

Revenues dip 15% to Rs 23,092 cr, as lower commodity prices add to pressure on top line

Price volatility puts steel makers in a fix over viability of captive ore

While Tata Steel believes procuring via auction is better, Sajjan Jindal's JSW Steel is going all out to bid for mines in order to have captive ore resource for backward integration