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Exide to set up Lithium-ion cell plant, signs agreement with China's SVOLT

Under the the agreement, SVOLT will grant Exide an irrevocable right, licence to use, exploit and commercialise necessary tech and know-how owned by them for Li-ion cell manufacturing in India

Fallout of Russia-Ukraine war: Metal users, producers feel price pinch

Price hikes in the offing, say metal producers; may have to pass on costs, say user industries

Eveready names Suvamoy Saha as MD for three years, Burmans hail decision

Move follows Amritanshu Khaitan's resignation; Saha has been around for long. Prior to being made Jt MD in August, he was a whole-time director of the firm

Will maximise European facilities to meet market needs: Koushik Chatterjee

"Demand and supply dynamics and input cost are the key influencing factors on steel prices," said Chatterjee.

Final KPMG forensic audit report on SREI had gaps: Hemant Kanoria in NCLT

In an application moved on Jan 19, he sought setting aside appointment of KPMG by Axis Bank and UCO Bank (lead banks in consortium of lenders) as auditor for SREI

India's tea industry is on tenterhooks as Russia wages war on Ukraine

Russia accounts for 18 per cent of the industry's exports and the consequences of the conflict are making themselves felt already

KPMG audit report on Srei filed in time, say lenders in NCLT

Time period starts from red-flagging of the account, they argue

Khaitans step down from Eveready board after Burman Group open offer

For the first time, Khaitans won't be represented on firm's board since they acquired Union Carbide India in 1993 and renamed it Eveready Industries India. But they will continue to hold 4.84% stake

ITC to hike milk price in order to pass on procurement cost to consumer

Firm silent on extent of hike, says farmers faced cost push in the past nine months, which in turn led to an increase in procurement prices by Rs 3-4 a litre for the company

Tata Steel to set up unit for medical material, to buy bio-ceramics startup

The firm's wholly-owned subsidiary, Tata Steel Advanced Materials, will pick up 90% stake in Advanced Ceramics

Burmans to appoint 'key management people' in Eveready post open offer

We plan to clean the company and run it in a professional manner: Mohit Burman

Burmans step in to take control of Eveready, announce open offer

Company needs direction and the brand has immense potential: Mohit Burman

Russia-Ukraine war may throw up export opportunities for Indian metal firms

Russia & Europe account for 10% of global primary aluminium supply. Russia is also the second largest steel exporter. With war threatening supply, exporting nations like India may step in to plug gaps

Russia-Ukraine crisis: Indian firms brace for fresh round of price spike

In addition to rising oil prices and disruption in supplies, CEOs are worried how rising oil prices will impact their sales

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