Page 46 - Ishita Ayan Dutt

Global steel price surge leaves scope for hike in domestic market

The current price differential is the highest in over 13 years, surpassing the previous high of Rs 13,000 a tonne seen in June-August 2008

2021 will not be about Covid despite second wave: Nirmala Sitharaman

FM says Rs 4,650 crore being given to two vaccine makers in India to ramp up capacity; adds 100% advance paid top them for the next few months

Domestic steel output to take hit as plants divert oxygen for medical use

Consumption seen falling in line with production as auto, consumer durable goods demand tanks

NCLAT's dismissal of DVI appeal may pave the way for Amtek resolution

Amtek owes lenders Rs 12,641 cr and was on RBI's first list of NPAs mandated for resolution under Bankruptcy Code. The DVI bid is said to be Rs 2,615 cr, of which Rs 500 cr is upfront cash

RINL privatisation prompts Posco to explore new locations for steel plant

Andhra govt has invited Posco to set up a unit at Krishnapatnam, but steel major has not taken a decision yet

Covid-19 pushed steel exports to record high in FY21: SteelMint data

Finished steel exports in FY21 stood at 11.65 mn tonnes and semi-finished at 7.25 mn tonnes, up 31% and 153%, respectively, over previous year

Srei Eqpt Finance gets $250 mn equity infusion offer from global PE funds

Company panel to negotiate and conclude talks with the PE investors; Ernst & Young will be advising on the proposed fund raising exercise

Steel prices hiked by Rs 5,000 a tonne on global rally, iron ore rises too

The last time steel price rose was in Jan when it touched an all-time high. But it came off those highs as China moved into the new year holiday season on pressure from end users in domestic market

FPIs increase exposure in Tata Steel, SAIL on surge in steel prices

In Tata Steel, FPI holding was up by 5.69% and in SAIL by 0.93% between October and December; in JSPL and JSW Steel, it was marginally down by 0.72% and 0.03%, respectively

Diamond in the rough: Why NINL is attracting interest from all the big boys

Why the sale of a loss-making public sector steel company, which has been closed for over a year, is attracting interest from all the big boys of the industry

It's anybody's game: With minority votes, difficulty level for BJP goes up

From 3rd phase, the proportion of Muslim voters in constituencies will be greater

Second Covid-19 wave: Lessons from last year in mind, hospitals prepare

Civic corporations in Maharashtra are ramping up hospital beds even as health minister Rajesh Tope said there was no bed shortage

Global institutional investors show interest in Srei Equipment Finance

The capital infusion in the form of equity will be in tranches

JSW Steel pays Rs 19,350 cr to financial creditors of Bhushan Power & Steel

Lenders would stand to realise 41% on claims of Rs 47,157.99 cr

The focus for Spencer's Retail is profitable growth: Shashwat Goenka

We want to ensure that the new stores we open become profitable from the first year itself and add to the bottomline, said Goenka

Amid controversy, IIM Calcutta Board accepts director Seth's resignation

Seth's position as Director-In-Charge has been replaced by Professor Subir Bhattacharya.

After row with board, IIM Calcutta director Anju Seth quits

The board has received Professor Seth's resignation and will meet sometime this week to deliberate on the next steps, said a member of the IIM Calcutta board

ArcelorMittal makes the cut, emerges as sole bidder for Uttam Galva Steels

Six other firms, including four steelmakers, had submitted an expression of interest (EOI) for the debt-laden firm

Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha

Two steel majors will be expanding their presence in the iron ore-rich region just as global raw material prices touch new highs

Tata Steel, AM/NS India, ESL Steel may participate in NINL divestment

Sources said that Tata Steel is looking to step up its exposure in long products and is planning to submit an expression of interest