Page 52 - Ishita Ayan Dutt

Steel under spotlight as price inches towards pre-Covid level

Fimi, EEPC raise issue with the govt over price hike, saying domestic market rates are higher than export prices

Covid-19 clouds IBC resolution, applicants seek payment schedule relaxation

In June, Deccan Value Investors (DVI), which won Amtek Auto, filed an application with the Supreme Court asking for an extension of time to discuss terms with the committee of creditors

Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall

Meet today to outline strategy on compensation

West Bengal rejects Centre's borrowing propositions to meet GST shortfall

Says will engage with other states to take collective steps

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

NMDC approves demerging steel plant as Baghel protests 'privatisation'

Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.

Steel firms set to raise prices from Sept on higher costs, global prices

JSW Steel said on Thursday that it had started the roll-out of JSW Radiance, a steel colour-coated product range in high-gloss feature with multiple variants

Wait for Amtek Auto resolution may get longer over mortgaged property

Bone of contention is long-term lease of ACE Complex Land. Resolution applicant has moved NCLAT, which is likely to start hearing on Thursday against NCLT order

Consumer goods firms see value in fast-growing, high-margin spices biz

Multiple parties from private equity to strategic players see value in the fast-growing, high-margin branded spices business

Tea company McLeod Russel moves to settle debts as promoters reduce stake

Most lenders have agree that debt restructuring is right choice and not auction under insolvency for India's largest bulk tea producer

Khaitan holding dips in Eveready, McLeod Russel as IndusInd invokes shares

Dabur's Burman family emerges as largest shareholders in Eveready, with 19.84% stake

How Chandra Shekhar Ghosh plans to stay focused on country roads

About 71% of Bandhan's banking outlets are located in rural and semi-urban areas

Birla Corp PBT drops 61% to Rs 85 cr in Q1 due to disruptions in operations

Revenues (including other income), at Rs 1,241 crore, declined 34.7 per cent year-on-year as sales by volume dropped by more than 33 per cent to 2.4 million tonnes

Emami's Q1 pre-tax profit drops 13.64% to Rs 49 cr due to lockdown curbs

Revenues from operations down 25.79 per cent to Rs 481.34 crore as offtakes of summer portfolio were impacted

ITC acquires spice-maker Sunrise in all-cash deal for Rs 2,150 crore

With the transaction, the company has added a 70-year-old brand and a market leader in eastern India to its portfolio

HC to hear AM/NS India petition on transfer of Hazira port licence tomorrow

AM/NS India had earlier this year applied to GMB for transfer of licence within days of acquiring Essar Steel (now AM/NS India) in a Rs 42,000 crore transaction under an insolvency process. But a deci

Steel prices may rebound on China demand, pick up in domestic need

Indian companies hope they can in the next few months bridge a 7 per cent gap between international and domestic prices

You will see a completely different JSW Steel in 2022: Seshagiri Rao

In April, there was a shutdown for 20 days. So, the results are actually for two months of operations.In May and June, we were profitable at the total-cost level

Hit by Covid-19, ITC's profit before tax dips 34% to Rs 3,435 crore

Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore

Mamata announces rejig in Trinamool with one eye on 2021 assembly polls

Sets up two state-level panels, appoints new officce bearers at district level, cancels all other ad-hoc appointments