Page 50 - Ishita Ayan Dutt

Setback for Tata Steel, talks with SSAB to sell Dutch plant collapse

Tata Steel confirmed on Friday that SSAB had withdrawn its initial interest, but the company said it was committed to arriving at a strategic resolution for its European portfolio

Record steel prices help firms acquired under insolvency code out of red

Tata Steel BSL has posted a profit of Rs 913.19 crore in the December quarter, its highest since its acquisition by Tata Steel in 2018

AM/NS India inks Rs 5,000 crore MoU with Posco for hot rolled coil supply

Under the agreement, the sixth such between the two firms since 2015, both entities will also jointly work to enhance the quality of current grades, develop new value-added grades

Emami Q3 PAT up 45%, led by sales growth and cost control measures

Domestic business up 16% led, by a 13% spike in volumes, as firm sees all-round growth across major brands

JSW Steel approaches auto companies for a hike in contract prices

Steel maker's move comes in the wake of widening gap between spot and contract prices, with major surge post October

Prices in India haven't gone up to global level: Seshagiri Rao of JSW Steel

In a Q&A, the firm's Jt MD and CFO says he does not see the govt taking any action on steel import duties, based on 'wild allegations' made on price hikes

Birla Corporation's December quarter net profit jumps 82 per cent

The company, however, faced cost pressure in the December quarter, with an increase in raw material, power and fuel costs

Luxembourg's B Medical Systems signs MoU with Adani for vaccine cold chain

MoU includes erecting mfg units in both Mundra SEZ and domestic tariff area, providing logistics for Covid-19 transportation and creating 'Pharma Excellence Centres' at Adani airports across India

India's secondary steel producers, trade see decline as China price falls

Motilal Oswal says demand for long steel has moderated, possibly weighed by weakened construction activity

BRNL inks deal to sell Odisha road project, valued at around Rs 2000 cr

The deal is for Shree Jagannath Expressway Private Limited, the special purpose vehicle (SPV) engaged in the development of a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha

In fight for Bengal's vote, debate on state's economy goes beyond Singur

With Assembly elections looming, the Trinamool Congress is highlighting its industry-friendly tag as the Bharatiya Janata Party vows to transform the state into an investment paradise

Mamata to contest from 'lucky place' Nandigram as she takes BJP head on

Might contest from both, East Medinipur in Nandigram and Bhowanipore, in bid to achieve twin purposes of snubbing saffron outfit and showing solidarity with farmers

Low turnout for the shot as six states vaccinate 17,000 on Sunday

Many adoopt wait-and-watch approach as confidence about safety and efficacy of the jab is low

ITC retains its holding in East India Hotels, subscribes to rights issue

An ITC spokesperson says EIH issue was attractively priced, and that ITC holding in EIH was part of its treasury investment portfolio

In Kolkata, Covid-19 vaccination brings a passport to normal life for some

About 6,00,000 frontline including health workers would be vaccinated in West Bengal in the first phase

Airlines, steel companies, auto makers race to get vaccine for staff

Companies are asking their employees to be termed as essential workers and are in talks with vaccine makers for bulk procurement

We hope investors will continue to support us: Hemant Kanoria of Srei Infra

In a Q&A, the company's chairman says the firm had to freeze interest payment and redemption of NCDs due to the pandemic and related regulatory approach

Hospitals get ready for Covid shots ahead of vaccination drive on Jan 16

With SII dispatching the Covishield vaccine to 13 cities on Tuesday, the countdown to the vaccination day has begun, and hospitals are getting ready to administer the first shots.

Apeejay Surrendra Park Hotels signs on 320 rooms under management contract

Aims to have 60% such rooms, 40% owned, in three years as it goes asset light

Sustainability vs profitability: Auto companies walking a tightrope

Prices of key commodities, including steel, rubber, rhodium and platinum have seen a jump. Passing on the full cost increase may not be prudent as it may dissuade buyers