Aditi Divekar
Aditi Divekar
Page 29 - Aditi Divekar/undefined
Slow deleveraging seen for Tata Steel as earnings likely to remain muted
Company can look to sell non-core assets, lower stake in group companies to lower debt
 "Slow deleveraging seen for Tata Steel as earnings likely to remain muted")
 "Tata Steel registers Rs 5,674-cr loss in Q4")
Write-downs should have been phased: Auditors
Some firms were of the view that the impairments should have come in phases given the overall macro-economic situation
Tata Steel to take Rs 6,500-cr impairment charge
Analysts say write-down makes sense for Tata Steel as it plans to sell long-products division
GE Shipping's offshore performance dampens investor sentiment
Rising tanker freight, strong balance sheet keep analysts bullish
 "GE Shipping's offshore performance dampens investor sentiment")
Steel sector hopes rise as pressure eases
But may go for production cuts if cheaper imports continue
 "Steel sector hopes rise as pressure eases")
'Open for talks if threat of closure of pension scheme is lifted'
Tata Steel will have to live with decision of employee strike if they do not approach us
 "'Open for talks if threat of closure of pension scheme is lifted'")
Vedanta books Rs 20,000-cr impairment charge on oil business
India Inc's biggest impairment, on lower crude oil prices
 "Vedanta books Rs 20,000-cr impairment charge on oil business")
The tide is turning for Varun Shipping
Firm expects LPG business to be back on track by June; to split into two listed entities by end-May
 "The tide is turning for Varun Shipping")
Varun Shipping writes to Sebi clarifying stance on dividend payment
Company says it has paid total Rs 4.56 cr towards dividend payment apart from Rs 500,000 penalty
 "Varun Shipping writes to Sebi clarifying stance on dividend payment")
Essar Steel plans expansion, production increase at Indonesia unit
Essar Steel's Indonesia business shows 22% year-on-year EBITDA growth in FY15
 "Essar Steel plans expansion, production increase at Indonesia unit")
Domestic steel producers reluctant to lower prices
Prevailing steel prices already too low; further cut could push companies into losses
 "Domestic steel producers reluctant to lower prices")
Tata Steel's margins will remain squeezed as product prices fall: T V Narendran
Interview with Managing director, India and South East Asia, Tata Steel
 "Tata Steel's margins will remain squeezed as product prices fall: T V Narendran")
Union-hired consultant asks Tata Steel not to sell division
French consultancy Syndex insists long products unit is viable, needs more investments
 "Union-hired consultant asks Tata Steel not to sell division")
Dividends for SCI shareholders tops our wish list: Arun Kumar Gupta
Interview with Chairman & Managing Director, Shipping Corporation of India
 "Dividends for SCI shareholders tops our wish list: Arun Kumar Gupta")
NMDC will raise FY16 output by 31% to 46 million tonne
Company's steel plant to be ready by December 2016
 "NMDC will raise FY16 output by 31% to 46 million tonne")
ABG Shipyard to bring equal partner by mid-August
Company in talks with local as well as global players for strategic investment
 "ABG Shipyard to bring equal partner by mid-August")
Only way out for domestic shipping companies is to pass through it
While bulk continues to look weak, container, offshore hold some promise
 "Only way out for domestic shipping companies is to pass through it")
Slump in freight rates a drag on firms
'Hand to mouth' despite sagging fuel rates, full fleet utilisation; tanker segment only one looking up
 "Slump in freight rates a drag on firms")
No respite for shipping cos despite 100% capacity utlisation, low bunker rates
Lower freight rates mean companies unlikely to see any benefits in margins
