Page 41 - Ishita Ayan Dutt

Steel firms roll over prices in January after steep correction in December

The rationale for prices to hold rests on a bunch of factors. Indian prices while similar to import price parity were still among the lowest prices globally, companies point out

West Bengal announces fresh curbs, restricts flights from Mumbai, Delhi

Swimming pools, spas, gyms, beauty parlors, salons and wellness centers, entertainment parks, zoos and tourist places will be closed

We will be net debt free by July 2022, says JSPL's MD V R Sharma

"Our main interest is not inorganic growth, it is brownfield expansion," said Sharma

McLeod Russel signs ICA with its banking lenders for debt resolution

Plan will have a mix of capital infusion by promoters and recast of balance debt. McLeod owes banks Rs 1,800 cr; with unpaid interest, the total is about Rs 2,300 cr

AM/NS India settles contracts with major auto OEMs at 8-9% price hike

Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources

IIM Calcutta concludes summer placements with 100% placements, 570 offers

The exercise was completely virtually, with the finance sector topping the hiring charts

SREI founders may offer resolution plan under CIRP if RBI and lenders allow

Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria

Steel firms hike prices by up to Rs 3,500 a tonne on input cost pressure

Analysts say coking coal prices more than tripled in the past five months to $390-400 a tonne in October

Newsmaker: Kolkata's Big Brother Sanjiv Goenka back at the IPL crease

The genesis of the RP-Sanjiv Goenka group lies in a family settlement that formalised a division of assets between brothers Harsh and Sanjiv Goenka in 2010

Emami PAT up 56% to Rs 185 cr in Q2FY22, revenue grows 7% to Rs 789 cr

Company says posted a growth of 9% in domestic business led by a volume growth of 6%

ITC consolidated PAT up 10% to Rs 3,763 crore in September quarter

Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year.

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

Festive cheer eludes Durga Puja with corp sponsorship below pre-Covid level

According to Forum for Durgotsab, an umbrella outfit representing 400 pujas and four other clubs, compared to 2020, sponsorship is up 30-40% and compared to 2019, it's down by 20-25%

RBI warned Srei group repeatedly, Kanoria says it complied every time

Srei was one of the few top NBFCs in constant 'asset quality review' focus of RBI, even as the regulator never used that term for NBFCs

'Switch off': Coal supply crisis has discoms scrambling for solutions

Some plead Centre for more coal, others ask consumers to save electricity

HC stays criminal proceedings initiated by Vindhya Telelinks subsidiaries

The Calcutta High Court, on Friday, stayed a criminal petition against "directors or erstwhile directors" on the board of three M P Birla group companies

West Bengal may remain immune from power crisis despite Durga Puja demand

State power minister assures uninterrupted supply, Bengal govt-owned company says state has enough stocks for up to two months

NCLT admits RBI application for initiating CIRP against Srei Infra

Rajneesh Sharma has been appointed administrator, but the order was not uploaded till the time of going to press

Srei's great leap back underlines high-risk nature of NBFC business

In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial crisis in 2008-09

Emami Agrotech eyes Rs 25,000 crore turnover by 2025 with new plant

The Rs 600 cr greenfield unit at Kandla will take Emami's total edible oil production capacity to over 12,000 TPD from 9,000 TPD earlier