Page 40 - Ishita Ayan Dutt

Export levy likely to push steel companies to review expansion plans

Major private sector steel producers said that the capacity expansion plans were based on assumptions in the sales mix - between domestic and export markets - which has now gone haywire

Tea Board targets 300 mn kg of tea exports by 2025, says Chairman

On exports, Indian tea will aggressively compete with Kenya and Sri Lanka, and also explore markets that have not been aggressively targeted so far

Supreme Court allows export of iron ore from key mines in Karnataka

Order allows direct sales as opposed to e-auctions only; three-judge bench asks mining firms to comply with Centre's rules on the matter

Non-BJP states hail Supreme Court verdict on GST Council recommendations

Verdict upholds federal rights of states and the people: Kerala FM Balagopal

ITC PAT up 11.6% in Q4 at Rs 4,259.68 cr, beats analysts' estimates

Cigarettes business recovers with volumes surpassing pre-pandemic levels, says company.

NCLT Kolkata dismisses Kanoria application against KPMG forensic report

Sources say tribunal also rejected contempt petition filed by Kanoria after Punjab & Sind Bank declared the account fraud

Adani-Holcim deal may trigger consolidation in cement industry: Experts

Expansion plans by most larger players despite glut in markets, fuel price-driven cost pressure and resistance from market to absorb higher cost may force weaker players out

In struggle to get employees back to office; companies tread cautiously

In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required

Weak rupee to make imports costly for metal firms, exports may get a push

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022

UCO Bank Q4 net profit up 290%, says will open new branches across India

The company says it seeks a loan growth of 15 per cent this fiscal and it has managed to reduce its NPA.

Birla Corp net profit down 55.45% in Q4, blames high fuel prices

Company says it has 'healthy growth in sales by volume in almost every segment and market'.

Peerless Group managing director S K Roy, 78, dies after prolonged illness

He is credited with diversifying the Peerless group into hospitality, healthcare and real estate. The group's turnover is about Rs 2,500 crore. In 2009, Roy received the Padma Shri

Tata Steel's Europe bet pays off after 15 years and major cost takeout

In FY22, Tata Steel reported highest ever consolidated EBITDA of Rs 63,830 cr and Europe contributed significantly with EBITDA of Rs 12,164 cr

Indian Hotels Company eyeing 18-20 openings this year, says CEO Chhatwal

Of the 18 launches that IHCL is eyeing, 7-10 would be under the Ginger brand

ArcelorMittal Nippon Steel India clocks 16.62% increase in EBITDA

Globally, ArcelorMittal delivered a strong set of numbers despite inflationary pressures and the Ukraine war.

Higher interest rates won't hurt us now as they did in past: Tata Steel MD

In Q&A, T V Narendran explains why growing in India will not add to leverage

Tata Steel consolidated net profit up 46.8% YoY in March quarter

Total revenues for the quarter at Rs 69,324 crore were higher by 38.6 per cent compared to Rs 50,028 crore in the year-ago period

Burman family may become the sole promoter of Eveready Industries

The Burmans - who have been buying into Eveready since 2019 and became the largest shareholder in July 2020 - have made it clear that their offer is for control

NCLT admits petition for CIRP against EPC firm McNally Bharat Engineering

Williamson Magor Group, which owns the firm, confirmed the development but indicated that options for resolution were still being looked at

How Eveready, on the cusp of change, is trying to regain its mojo

Over the past decade, a change in consumer choice swept through the battery industry - the walkman lost its mojo, smartphones overtook cameras and batteries were tucked away in remotes and wall clocks