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Tata Steel global CEO and group ED get remuneration raise for FY21

Average percentage decline in employees' salary 2.6% due to pandemic

US-based Advent International sells 5.36% stake in CG Consumer

The PE firm had sold 6% in February 2021

Large steel mills grow larger on improved supply-chain efficiencies: Crisil

Market share gain, deleveraging makes room for capex revival

Cement players face bouts of weak business as second wave spikes death toll

Only difference now is that industry sales have been 30%, unlike last April, when it hit a zero due to the three-week complete nationwide lockdown, say industry players

O2 unavailability deepens steel output fall as secondary players shut mills

RP Steel and Arora Steel secondary speciality steel players impacted by the unavailability of oxygen

KEC International unperturbed even as second Covid wave postpones tenders

Eyes overseas orders to make up for domestic order loss; company has presence in 30 countries

JSW Steel posts massive 18-fold hike in consol Q4 PAT at Rs 4,198 cr

Top line up 51% to Rs 26,456 cr; last year's Q4 profit was just Rs 231 cr

Hindalco Industries Q4 consol PAT triples to Rs 1,928 cr on robust revenue

Company's net debt/EBITDA ratio at pre-acquisition levels of Aleris

Analysts bullish on L&T post good operational show, strong balance sheet

27 of 28 analysts polled by Bloomberg have an add, outperform recommendation

PSUs take the lead in Covid vaccination but shortage hits remote locations

While this is one of the larger-scale vaccinations, the drive faces delays and pauses due to shortages of vaccines, especially in remote areas

L&T Q4 consolidated net profit up 3% to Rs 3,293 crore on higher revenues

All verticals posted YoY increase in revenue, while most saw profits grow

Vedanta reports consolidated net profit of Rs 6,432 crore in March quarter

Net sales of the company stood at Rs 27,874 crore in the period under review, up 43 per cent from the same period last year

Jindal Steel opens capex window amid continued deleveraging plans

To double capacity via internal accruals with eye on debt/EBITDA ratio

Jindal Steel prepays Rs 2,462 cr term loans, pares debt beyond commitment

JSPL has recently announced divestment of its thermal power business to reduce its debt further as well as to cut down on its carbon footprint by almost half

UltraTech Cement Q4 consolidated net declines 45% to Rs 1,775 crore

Net sales of the Aditya Birla Group company stood at Rs 14,405 cr in the final quarter of FY21, up 33% from same period last year on strong demand for the commodity

Second Covid-19 wave: Global ports slam the door on Indian seafarers

Covid restrictions on one of the world's largest sources of sea crew may hurt India's trade

Corporate India jittery about Q1 amid a relentless second Covid-19 wave

Restrictions have hurt discretionary, out-of-home categories the most

JSW Steel's US operations poised for a turnaround amid the pandemic

With modernisation of Baytown plate mill, the utilisations will more than double leading to conversion costs reducing by 33-40 per cent, says company

Tata Steel back with a bang in March quarter; shows Rs 6,644-crore PAT

Third private sector company to report quarterly revenue of Rs 50,000 crore

Gain for shipping players as Baltic Dry index touches 10-year high

Shipping Corporation of India, Great Eastern Shipping, Tolani Shipping, and Essar Shipping are into bulk carriers along with other segment fleets in the domestic market